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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 Entrepreneur, “Cyber Threats Are More Prevalent Than Ever — So Don’t Leave Your Business Exposed. Here’s How to Protect It.,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, highlights how in today’s rapidly changing business world, the importance of risk management cannot be overstated.The modern business landscape is […]
The recent article published by Business Partner Magazine, “High Stakes: How Captive Insurance Fortifies Commercial Real Estate Businesses ,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, highlights how in the competitive world of commercial real estate investments, effective risk management is essential for success. One emerging strategy to consider is captive insurance, […]
The recent article published by Captive Insurance Times, “CIC Services Launches BankInsure For Small to Mid-Sized Banks,” discuses how CIC Services has introduced BankInsure, an insurance solution tailored specifically for small to mid-sized banks. The Tennessee-based captive management company asserts that BankInsure is designed to tackle the distinctive hurdles encountered by these banks, offering a […]
The recent article published by Strategic Risk, “How SMEs Can Tackle Product Liability Risks,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, highlights the escalating challenges of product liability risks faced by businesses in an era of globalization and increased consumer awareness. Large corporations can weather legal damages, but smaller enterprises lack financial […]
The recent article published by Insurance Thought Leadership, “Insuring Risks Amid AI’s Constant Evolution,” by Chris Gallo, Managing Director at CIC Services, highlights how AI’s rapid advancement brings undeniable benefits to businesses, including enhanced efficiency, automation, and customer service. However, the unregulated landscape of AI poses significant risks, such as cybersecurity threats, regulatory concerns, and […]
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 Entrepreneur, “Cyber Threats Are More Prevalent Than Ever — So Don’t Leave Your Business Exposed. Here’s How to Protect It.,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, highlights how in today’s rapidly changing business world, the importance of risk management cannot be overstated.The modern business landscape is […]
The recent article published by Business Partner Magazine, “High Stakes: How Captive Insurance Fortifies Commercial Real Estate Businesses ,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, highlights how in the competitive world of commercial real estate investments, effective risk management is essential for success. One emerging strategy to consider is captive insurance, […]
The recent article published by Captive Insurance Times, “CIC Services Launches BankInsure For Small to Mid-Sized Banks,” discuses how CIC Services has introduced BankInsure, an insurance solution tailored specifically for small to mid-sized banks. The Tennessee-based captive management company asserts that BankInsure is designed to tackle the distinctive hurdles encountered by these banks, offering a […]
The recent article published by Strategic Risk, “How SMEs Can Tackle Product Liability Risks,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, highlights the escalating challenges of product liability risks faced by businesses in an era of globalization and increased consumer awareness. Large corporations can weather legal damages, but smaller enterprises lack financial […]
The recent article published by Insurance Thought Leadership, “Insuring Risks Amid AI’s Constant Evolution,” by Chris Gallo, Managing Director at CIC Services, highlights how AI’s rapid advancement brings undeniable benefits to businesses, including enhanced efficiency, automation, and customer service. However, the unregulated landscape of AI poses significant risks, such as cybersecurity threats, regulatory concerns, and […]
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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.