The CIC Services Difference
CIC Services is a captive manager and strategist. Since 2005, we’ve been helping small & mid-sized business owners turn their risk into wealth by owning their own insurance company. Scroll down to learn more about our comprehensive Enterprise Risk Management approach.
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Small and mid-market businesses are fragile.
Unlike their Fortune 1,000 brethren, they:
• Lack access to credit and capital markets
• Are geographically concentrated
• Have concentrated revenue streams
Which contributes to the fact that:
40% of small businesses affected by natural or human-caused disaster never reopen their doors.*
1/2 of those that do reopen don’t survive past the second year post disaster.*
*Source: Small Business Administration
*According to statistics provided by the Small Business Administration, March 2015.
The discipline by which an organization in any industry assesses, controls, exploits, finances and monitors risks from all sources for the purpose of increasing the organization’s short and long-term value to its stakeholders.
A Captive Insurance Company (“Captive”) is a real insurance company created by a business or its owners primarily to provide property and casualty Insurance to affiliated businesses.
Forming and operating a Captive is a complex undertaking. Captives are highly regulated, sophisticated businesses that demand the greatest level of competency from their chosen service providers.
Before undertaking this endeavor, be sure you:
- Choose the best team of professionals,
- Choose an appropriate domicile for your captive, and
- Understand what’s fully involved with forming and operating your captive.
The Good News: CIC Services makes owning and operating your captive simple and turn-key.
Our weekly, clear-headed commentary on the captive industry
CIC Services is excited to introduce a new captive insurance program that will truly be a Game Changer, opening the door to captive ownership for companies that would otherwise not be large enough to consider replacing their commercial insurance through a captive. Designed with the small and middle market businesses in mind, the CICS Bundled Program allows an insured business to reinsure their current commercial insurance premiums and retain up to 40% of the premium/risk and retain their existing insurance broker all without sacrificing coverage. Continue Reading
737 is the number of unexpected. The best-laid plans can go awry, and this is certainly the case for Boeing. It’s also the case for all airlines, airports, businesses, mechanics, and passengers who have had their lives and operations interrupted by the FAA grounding the Boeing 737 MAX 8. Continue Reading