The IRS vs Captives
Captive Review recently published an article discussing the IRS and the captive insurance industry titled: The IRS vs Captives
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Looking to read about ways we are serving the business community through the innovative use of captive insurance companies? If CIC Services is in the news, you’ll be able to read it here. Check out where we’ve made the most recent headlines below.
Captive Review recently published an article discussing the IRS and the captive insurance industry titled: The IRS vs Captives
After a surge of online criminal activity during the COVID-19 pandemic, industry participants suggest why a captive can play a significant role in assisting with cyber risks. Randy Sadler, principal of CIC Services, suggests that having a captive can play “a significant role” in assisting with cyber risks.One of the biggest problems with commercial cyber policies, […]
CPA Practice Advisor recently published an article written by CIC Services’s own, Randy Sadler, on how a captive insurance program provides a strong business model during a tumultuous year.
Sean King, JD, CPA of CIC Services was recently interviewed by Captive Insurance Times (CIT) on a recent release from the GAO regarding offshore transactions and captive insurance. Sean points out that the recent release from the GAO provides “no new information,” and the IRS continues to refuse to provide guidance to the captive insurance industry. Even […]
Discover how you can protect your business against cybersecurity threats associated with working remotely with a captive insurance program in a recent article published in CPA Practice Advisor by CICS’s own Randy Sadler.
Looking to read about ways we are serving the business community through the innovative use of captive insurance companies? If CIC Services is in the news, you’ll be able to read it here. Check out where we’ve made the most recent headlines below.
Captive Review recently published an article discussing the IRS and the captive insurance industry titled: The IRS vs Captives
After a surge of online criminal activity during the COVID-19 pandemic, industry participants suggest why a captive can play a significant role in assisting with cyber risks. Randy Sadler, principal of CIC Services, suggests that having a captive can play “a significant role” in assisting with cyber risks.One of the biggest problems with commercial cyber policies, […]
CPA Practice Advisor recently published an article written by CIC Services’s own, Randy Sadler, on how a captive insurance program provides a strong business model during a tumultuous year.
Sean King, JD, CPA of CIC Services was recently interviewed by Captive Insurance Times (CIT) on a recent release from the GAO regarding offshore transactions and captive insurance. Sean points out that the recent release from the GAO provides “no new information,” and the IRS continues to refuse to provide guidance to the captive insurance industry. Even […]
Discover how you can protect your business against cybersecurity threats associated with working remotely with a captive insurance program in a recent article published in CPA Practice Advisor by CICS’s own Randy Sadler.
Sign Up for the Captivating Thinking Newsletter
Businesses who implement ERM programs combined with a captive to plan for unforseen risks stand a better chance of surviving, and passing to the next generation.
Captive owners can leverage their ERM and captive programs to improve their negotiating ability when renewing their commercial insurance coverages.
Profitable captives will see their reserves grow over time to significant sums which can be utilized by their owners for retirement or other life cycle needs.
Insurance companies are the only entities allowed to expense projected future expense against current-year revenues (claim reserves). Small captives (premiums of $2.2M or less per year) may also elect to only be taxed on their investment income, potentially resulting in substantial tax savings for their owners.
Utilizing your captive to reduce or replace your commercial insurance coverage with policies issued by your captive allows you to capture insurance profits previously realized by the carriers.
Adding a captive and ERM program will result in a higher awareness and enhanced strategies for how your organization thinks about and plans for all risks.
The assets held by a properly organized and managed captive enjoy a very high degree of protection from both the business’ and business owner’s creditors.
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