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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.
As technology evolves, businesses must remain vigilant, investing in robust cybersecurity and exploring solutions like captive insurance to protect their valuable trade secrets and maintain competitiveness in the digital age.
Proactive risk management is essential for businesses navigating modern threats such as cyberattacks, regulatory fines, and reputational damage. By addressing risks before they escalate, companies can prevent disruptions and improve their insurance standing; organizations with fewer claims are often considered lower risk, leading to reduced insurance costs and better coverage terms. This proactive strategy also […]
In today’s digital world, AI-driven disinformation is emerging as a significant threat to businesses, with the potential for severe reputational, financial, and legal consequences.
In today’s fast-changing world, businesses face an increasingly complex risk landscape, from cyberattacks to regulatory shifts and extreme weather events. Navigating these challenges requires a proactive approach to risk management that balances short-term gains with long-term resilience. Learn more about how to safeguard your business by reading the full article by Randy Sadler of CIC […]
As the energy sector grapples with the increasing risks of stranded assets amid tighter environmental regulations, captive insurance is emerging as a vital strategy for financial stability and supporting the transition to renewable energy. Captive insurance offers tailored solutions that traditional insurance cannot, helping companies manage complex risks and secure their future. To explore how […]
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.
As technology evolves, businesses must remain vigilant, investing in robust cybersecurity and exploring solutions like captive insurance to protect their valuable trade secrets and maintain competitiveness in the digital age.
Proactive risk management is essential for businesses navigating modern threats such as cyberattacks, regulatory fines, and reputational damage. By addressing risks before they escalate, companies can prevent disruptions and improve their insurance standing; organizations with fewer claims are often considered lower risk, leading to reduced insurance costs and better coverage terms. This proactive strategy also […]
In today’s digital world, AI-driven disinformation is emerging as a significant threat to businesses, with the potential for severe reputational, financial, and legal consequences.
In today’s fast-changing world, businesses face an increasingly complex risk landscape, from cyberattacks to regulatory shifts and extreme weather events. Navigating these challenges requires a proactive approach to risk management that balances short-term gains with long-term resilience. Learn more about how to safeguard your business by reading the full article by Randy Sadler of CIC […]
As the energy sector grapples with the increasing risks of stranded assets amid tighter environmental regulations, captive insurance is emerging as a vital strategy for financial stability and supporting the transition to renewable energy. Captive insurance offers tailored solutions that traditional insurance cannot, helping companies manage complex risks and secure their future. To explore how […]
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.