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Webinar Recording: The 2020 Election & The Outlook For Captive Insurance In 2021 And Beyond
November 5 2020

Webinar Recording: The 2020 Election & The Outlook For Captive Insurance In 2021 And Beyond

Randy Sadler Captivating Thinking

Want to prepare your business and your clients for the future? On Nov. 4, 2020, CIC Services hosted a webinar titled, “The 2020 Election & The Outlook For Captive Insurance In 2021 And Beyond.” This is your chance to gain insight into how the 2020 election will impact captive insurance for 2021. Stay ahead of the curve and sign up for this free online webinar!

We are sure you’ll agree that 2020 has been a year like no other in recent memory.  And, it has also been a year with a significant impact on small and middle-market businesses.  Many businesses have been upended, and insurance markets have hardened sending premiums costs soaring.  As we have discussed in prior webinars, captive insurance companies have helped many small and mid-market businesses survive during the recent pandemic and civil unrest.  Captives are the only vehicle that can provide both more insurance and more money to the businesses and business owners that rely on them. As if it wasn’t enough already, 2020 will also culminate in a national election that will impact the direction of most businesses, risk management, and insurance through at least 2024.

Our webinar will cover:

  • What should businesses and the captive insurance industry expect in the next four years?
  • What steps should small and middle-market business owners take in the next 3 to 6 months?
  • How can captive insurance be used as a strategy for small and middle-market companies in uncertain times?

Ready to learn about the future of the captive industry? Watch the recording now.

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  • Cyber Coverage – Captive Insurance Times
  • Solving the Successful Business Owner’s Chief Conundrum
  • Christopher Gallo, CFE, has joined CIC Services as managing director
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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.