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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.
Happy New Year from all of us at CIC Services! Get ready for the Roaring 20’s. 2020 is a great year to focus on developing 20/20 vision on the forces that leak money out of your business. CIC Services Principal, Randy Sadler was recently published in CPA Practice Advisor in an article titled: “Stop Leaving […]
CPA Practice Advisor recently published an article by CICS’s own Randy Sadler on how a captive insurance company can help businesses keep more money “in play.”
The Internal Revenue Service (IRS) has decided that it benefits from blurring the lines between good and bad rather than clarifying them, according to Sean King of CIC Services in reaction to the new IRS settlement scheme for micro captives.
S&P Global reports on how Knox Re, a captive program that allows insureds to keep premiums they do not use to cover claims, is intended for all classes of business.
Nate Reznicek of CIC Services writes an article for CPA Practice Advisor on how to use a captive solution for rising health care costs.
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.
Happy New Year from all of us at CIC Services! Get ready for the Roaring 20’s. 2020 is a great year to focus on developing 20/20 vision on the forces that leak money out of your business. CIC Services Principal, Randy Sadler was recently published in CPA Practice Advisor in an article titled: “Stop Leaving […]
CPA Practice Advisor recently published an article by CICS’s own Randy Sadler on how a captive insurance company can help businesses keep more money “in play.”
The Internal Revenue Service (IRS) has decided that it benefits from blurring the lines between good and bad rather than clarifying them, according to Sean King of CIC Services in reaction to the new IRS settlement scheme for micro captives.
S&P Global reports on how Knox Re, a captive program that allows insureds to keep premiums they do not use to cover claims, is intended for all classes of business.
Nate Reznicek of CIC Services writes an article for CPA Practice Advisor on how to use a captive solution for rising health care costs.
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.