Own Your Own Insurance Company
Turn your risk management into a profit center!
CIC Services is a captive manager, serving middle-market companies. Since 2005, we have helped business owners, CEOs, CFOs and Risk Managers take control of their risk management and turn their risk into wealth. Scroll down to learn more about what sets CIC Services apart and our comprehensive Enterprise Risk Management approach.
Industries We Serve
Alternative Risk Transfer
Warranties (Warranty Captive)
Employee Benefits (Healthcare Captive)
Enterprise Risk Management (ERM)
Steps to Captive Ownership
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.
Captivating Thinking
Our weekly, clear-headed commentary on the captive industry
How Are Captive Insurance Companies Taxed?
Most businesses purchase insurance from a commercial carrier and give up control of the premiums they pay. A captive insurance company changes that arrangement by allowing a business to form or participate in an insurance company that covers selected risks. The captive collects premiums, pays covered claims, and retains funds that aren’t needed for losses […]
Captive Insurance Coverage: What Do Captives Commonly Insure?
Businesses often think about insurance in terms of the standard policies available from commercial carriers. Those policies provide essential protection, but they’re generally designed for broad groups of companies. When they don’t fully reflect one organization’s operations, loss history, emerging exposures, or tolerance for risk, captive insurance coverage can offer a more tailored approach. A […]
What Is a Captive Insurance Company?
A captive insurance company is a licensed insurance company owned by the business, business owner, or group of businesses it insures. Instead of sending all insurance premiums to third-party commercial carriers, a company can use a captive to insure selected risks through an insurance company it owns or controls. For business owners, CEOs, CFOs, CPAs, […]
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