Sign Up for the Captivating Thinking Newsletter
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.
The recent article published by Insurance NewsNet, “How Captive Insurance Can Save High Net Worth Clients Hard Earned Money,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, highlights how traditional insurance policies may not adequately cover the unique risks faced by high net worth individuals, such as loss of contracts or reputation damage. […]
In the article “Cyber 101: Protecting Your Business From Cyber Threats with Captive Insurance,” published in the Connecticut Bankers Association Quarterly, CIC Services’ Christopher Gallo, Managing Director, and Dick Boccaccio, Insurance Consultant, discuss the dangers of cyber threats to businesses and the importance of having proper protection in place. The authors provide details about the […]
Keep your business protected from unexpected costs and increased regulatory compliance risk with this expert advice from Randy Sadler of CIC Services. In this Entrepreneur article, Sadler discusses the industries most affected by changing federal regulations and provides strategies for safeguarding your business. Don’t let shifting regulations catch you off guard – read on to […]
Discover how insurance can either support or hinder your business with this in-depth analysis from Randy Sadler of CIC Services. In this Entrepreneur article, Sadler explores the benefits of alternative insurance options like Captive Insurance in protecting your business from today’s complex threats. Don’t let inadequate insurance leave your business vulnerable – read on to […]
The article “The Rise in Natural Disasters Is Putting More Businesses at Risk. Are You Protected?” published in Entrepreneur Randy Sadler of CIC Services, warns about the increasing threat of natural disasters to businesses and the need for them adequate insurance protection. Sadler highlights the trend of rising natural disasters and their impact on businesses. […]
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.
The recent article published by Insurance NewsNet, “How Captive Insurance Can Save High Net Worth Clients Hard Earned Money,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, highlights how traditional insurance policies may not adequately cover the unique risks faced by high net worth individuals, such as loss of contracts or reputation damage. […]
In the article “Cyber 101: Protecting Your Business From Cyber Threats with Captive Insurance,” published in the Connecticut Bankers Association Quarterly, CIC Services’ Christopher Gallo, Managing Director, and Dick Boccaccio, Insurance Consultant, discuss the dangers of cyber threats to businesses and the importance of having proper protection in place. The authors provide details about the […]
Keep your business protected from unexpected costs and increased regulatory compliance risk with this expert advice from Randy Sadler of CIC Services. In this Entrepreneur article, Sadler discusses the industries most affected by changing federal regulations and provides strategies for safeguarding your business. Don’t let shifting regulations catch you off guard – read on to […]
Discover how insurance can either support or hinder your business with this in-depth analysis from Randy Sadler of CIC Services. In this Entrepreneur article, Sadler explores the benefits of alternative insurance options like Captive Insurance in protecting your business from today’s complex threats. Don’t let inadequate insurance leave your business vulnerable – read on to […]
The article “The Rise in Natural Disasters Is Putting More Businesses at Risk. Are You Protected?” published in Entrepreneur Randy Sadler of CIC Services, warns about the increasing threat of natural disasters to businesses and the need for them adequate insurance protection. Sadler highlights the trend of rising natural disasters and their impact on businesses. […]
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.