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.
CIC Services’ Principal and CMO, Randy Sadler, has been featured in Captive International for his article examining what businesses need to consider as they face global shortages. From chemicals to fuel to baby formula, shortages are occurring in many industries. These insufficiencies highlight the vulnerabilities in supply chains that can affect businesses big and small. […]
In this article for Entrepreneur, CIC Services’ Randy Sadler discusses the surging rates of crime and the necessity for commercial insurance. Sadler dives into property and supply chain crime and their effect on commercial businesses. He goes on to explain how captive insurance solutions can provide coverage for this type of risk.
In this article for Entrepreneur, CIC Services’ Randy Sadler discusses the complexity and nuance of business interruption insurance. Sadler then goes on to discuss how traditional forms of insurance may fall short when it comes to issues like natural disasters and pandemics, leaving your company vulnerable.
CIC Services’ Randy Sadler discusses the significant changes and novel issues that have hit the healthcare industry in this article for Business Partner Magazine. Sadler then goes on to highlight the benefits of creating a captive insurance company to provide custom coverage that covers these gaps in traditional insurance options.
CIC Services’ Director of Client Services Shoshanna Simmons covers the necessity for CFOs to develop and practice a disaster recovery plan to identify vulnerabilities in operations. She maintains that it is also important to make sure your business is covered in case of a disaster, and how captive insurance may be a good risk management […]
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.
CIC Services’ Principal and CMO, Randy Sadler, has been featured in Captive International for his article examining what businesses need to consider as they face global shortages. From chemicals to fuel to baby formula, shortages are occurring in many industries. These insufficiencies highlight the vulnerabilities in supply chains that can affect businesses big and small. […]
In this article for Entrepreneur, CIC Services’ Randy Sadler discusses the surging rates of crime and the necessity for commercial insurance. Sadler dives into property and supply chain crime and their effect on commercial businesses. He goes on to explain how captive insurance solutions can provide coverage for this type of risk.
In this article for Entrepreneur, CIC Services’ Randy Sadler discusses the complexity and nuance of business interruption insurance. Sadler then goes on to discuss how traditional forms of insurance may fall short when it comes to issues like natural disasters and pandemics, leaving your company vulnerable.
CIC Services’ Randy Sadler discusses the significant changes and novel issues that have hit the healthcare industry in this article for Business Partner Magazine. Sadler then goes on to highlight the benefits of creating a captive insurance company to provide custom coverage that covers these gaps in traditional insurance options.
CIC Services’ Director of Client Services Shoshanna Simmons covers the necessity for CFOs to develop and practice a disaster recovery plan to identify vulnerabilities in operations. She maintains that it is also important to make sure your business is covered in case of a disaster, and how captive insurance may be a good risk management […]
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.