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.
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
Somebody Has To Do It – Wall Street Journal Cites CIC Services For Standing Up To The Administrative State
We at CIC Services have always considered ourselves to be champions of small and middle-market businesses. And for that reason, we have been working since 2005 to help small and middle-market companies protect and insure the businesses they have built by owning their own insurance companies.
CIC Services launched our Bundled Captive Insurance Program in early 2019, and it is helping successful mid-market companies with good loss control in place to reduce their net commercial insurance spend by up to 50%. But we have also noticed another interesting phenomenon. Enterprising brokers are using the Bundled Captive Insurance Program as a door […]
The Internal Revenue Service (IRS) has decided that it benefits from blurring the lines between good and bad rather than clarifying them, according to Sean King of CIC Services in reaction to the new IRS settlement scheme for micro captives.