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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.
The Supreme Court of the United States will be hearing oral arguments in the case of CIC Services Vs. IRS. Oral arguments will be broadcast live on C-Span. For information on viewing the oral arguments on C-Span, click here.
Construction companies are increasingly prolific users of captive insurance companies, according to Randy Sadler, principal at CIC Services, at a time when a lower US tax rate and deregulation have encouraged a building boom.
CIC Services was featured in Captive International‘s latest issue of US Focus 2020.
Captive Insurance Times recently ran a story based on CIC Services’ expert advice on how companies in the construction industry can help protect their businesses from disruption and potential bankruptcy by electing for a captive insurance program.
Sean King, JD, CPA of CIC Services was recently interviewed by Captive Insurance Times regarding the IRS’ latest scare tactic in its PR campaign against small captive insurance companies. Just in time for Halloween, the Service encouraged captive owners to seek advice from an “independent CPA.” This ridiculous assertion implies their current CPA must be […]
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 Supreme Court of the United States will be hearing oral arguments in the case of CIC Services Vs. IRS. Oral arguments will be broadcast live on C-Span. For information on viewing the oral arguments on C-Span, click here.
Construction companies are increasingly prolific users of captive insurance companies, according to Randy Sadler, principal at CIC Services, at a time when a lower US tax rate and deregulation have encouraged a building boom.
CIC Services was featured in Captive International‘s latest issue of US Focus 2020.
Captive Insurance Times recently ran a story based on CIC Services’ expert advice on how companies in the construction industry can help protect their businesses from disruption and potential bankruptcy by electing for a captive insurance program.
Sean King, JD, CPA of CIC Services was recently interviewed by Captive Insurance Times regarding the IRS’ latest scare tactic in its PR campaign against small captive insurance companies. Just in time for Halloween, the Service encouraged captive owners to seek advice from an “independent CPA.” This ridiculous assertion implies their current CPA must be […]
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.