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2020 Lessons Learned: Captive Insurance And What The Future Likely Holds For Middle-Market Companies

While 2020 may have given us a once in one hundred year event (and, 2021 doesn’t look any better), it also presented several important lessons for business owners to help better prepare for the future, including:

  • Catastrophic Events Can And Will Happen
  • Business Continuity (aka Interruption) Plans Are Critical
  • Insurance Policy Language Is Extremely Important
  • Business Interruption Insurance Often Isn’t Enough
  • Having Access To Sustainable Cash Flow And Liquidity Is Crucial
  • Captive Insurance Could Have Prevented Many Business Closures

Based on the lessons gleaned from 2020, now is the perfect time for business owners and their advisors to proactively integrate a robust risk mitigation strategy to prepare for the next “virtually impossible” Black Swan event.

Join CIC Services on February 24th at 2 p.m. EST as CICS’s Randy Sadler dives into these significant takeaways from 2020 and explores how business owners can better prepare themselves for 2021 and the decade ahead.

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