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Webinar – Common Objections To Owning A Captive Insurance Company
August 18 2020

Webinar – Common Objections To Owning A Captive Insurance Company

Randy Sadler Upcoming Events

On September 2 at 11:30 a.m., CIC Services hosted a webinar called, “Common Objections To Owning A Captive Insurance Company.” During the session, Sean King, JD, CPA, MAcc, Principal & In-House Counsel of CIC Services, will outline the benefits of captive insurance companies for middle-market companies. He will also discuss both legitimate and illegitimate objections that prevent business owners from pursuing a captive insurance strategy.

In the case of legitimate objections, Sean will provide parameters for ruling out captive ownership. In the case of illegitimate objections, Sean will expose and unravel the misconceptions, misinformation, and myths that cause business owners to not act in their best interest and the best interest of their companies and employees.

This webinar is for middle market business owners, CEOs, CFOs, Risk Managers, and trusted advisors to middle market business owners including P&C Insurance Brokers, CPAs, and Financial Advisors / Wealth Managers.

View Webinar Recording:

 

Captive Insurance And Protecting Against Elevated Cyber Risks Of An At Home Work Force Civil Unrest Points To The Importance Of Captive Insurance

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  • Webinar: 2020 Lessons Learned: Captive Insurance And What The Future Likely Holds For Middle-Market Companies
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Contact CIC Services

9721 Cogdill Road, Suite 202
Knoxville, TN 37932
Phone: 865.248.3044
Fax: 865.966.1199

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Stronger Business Model

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.

Improved Cost Controls

Captive owners can leverage their ERM and captive programs to improve their negotiating ability when renewing their commercial insurance coverages.

Wealth Accumulation

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.

Advantageous Tax Treatment

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.

Insurance Profits

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.

Improved Risk Management

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.

Asset Protection

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.