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
Hard-to-Insure Risks Pressure Cash Flow
For distribution, import, and export companies, financial pressure often begins before a loss is fully realized. A shipment gets delayed, freight costs increase, inventory sits longer than expected, or a customer is slow to pay. Meanwhile, the business still has expenses to cover.
Captive Insurance Requirements: Is Your Business a True Fit?
When small to mid-sized business owners explore alternative risk management strategies, they frequently find themselves evaluating captive insurance requirements to see if their company qualifies. For decades, a persistent myth has circulated that captives are reserved exclusively for multi-national conglomerates, massive shipping fleets, or heavy construction firms. This misconception causes highly disciplined, mid-market business owners […]
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 […]
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Find Out How CIC Services Can Help Your Company