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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 recent article published by The TJB American Business Magazine, “Profit Meets Purpose: Utilizing Captive Insurance to Support a Legacy of Philanthropy,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, highlights how captives can help business owners build a legacy of generosity and social responsibility that transcends generations. Captive insurance companies are primarily […]
The recent article published by Insurance Thought Leadership, “Navigating The Rise In Terrorism Threats,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, highlights the economic consequences of terrorism, including disruptions to business operations, increased security costs, and negative impacts on investment climate, insurance costs, brand reputation, and regulatory changes. To mitigate these risks, […]
The recent article published by Business Partner Magazine, “Times Have Changed. Why One-Size-Fits-All Risk Management Leaves Your Business Exposed,” by CIC services, highlights how traditional risk management frameworks fall short due to their one-size-fits-all approach. These standardized solutions, such as generic insurance policies and crisis response plans, fail to consider the unique operational contexts and […]
The recent article published by Bank Beat, “Strategies For Banks In the Fight Against Consumer Fraud,” by Chris Gallo, Managing Director at CIC Services, highlights that consumer fraud poses a significant challenge for banks and financial institutions in today’s digital era. Reports indicate substantial direct losses due to fraud, with an alarming increase in fraudulent […]
The recent article published by Medical Economics, “The Human Firewall: Employee-Centric Approaches to Cybersecurity That Optimize Your Practice’s Captive Insurance Company,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, highlights how the modern business landscape heavily relies on cybersecurity, particularly in industries like healthcare where patient information is a prime target for cybercriminals. […]
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 The TJB American Business Magazine, “Profit Meets Purpose: Utilizing Captive Insurance to Support a Legacy of Philanthropy,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, highlights how captives can help business owners build a legacy of generosity and social responsibility that transcends generations. Captive insurance companies are primarily […]
The recent article published by Insurance Thought Leadership, “Navigating The Rise In Terrorism Threats,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, highlights the economic consequences of terrorism, including disruptions to business operations, increased security costs, and negative impacts on investment climate, insurance costs, brand reputation, and regulatory changes. To mitigate these risks, […]
The recent article published by Business Partner Magazine, “Times Have Changed. Why One-Size-Fits-All Risk Management Leaves Your Business Exposed,” by CIC services, highlights how traditional risk management frameworks fall short due to their one-size-fits-all approach. These standardized solutions, such as generic insurance policies and crisis response plans, fail to consider the unique operational contexts and […]
The recent article published by Bank Beat, “Strategies For Banks In the Fight Against Consumer Fraud,” by Chris Gallo, Managing Director at CIC Services, highlights that consumer fraud poses a significant challenge for banks and financial institutions in today’s digital era. Reports indicate substantial direct losses due to fraud, with an alarming increase in fraudulent […]
The recent article published by Medical Economics, “The Human Firewall: Employee-Centric Approaches to Cybersecurity That Optimize Your Practice’s Captive Insurance Company,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, highlights how the modern business landscape heavily relies on cybersecurity, particularly in industries like healthcare where patient information is a prime target for cybercriminals. […]
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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.