It seems a day doesn’t go by when I hear a business owner say “I’m not doing anything until after the election.” This indecision certainly makes sense on many fronts, particularly when considering questions like: “Should I hire right now?” “Should I modernize equipment?” “Should I invest in advertising or wait?” “Should I buy out […]

One of the benefits of owning a captive insurance company is that it provides a wildly efficient vehicle to fund a buy-out agreement among business owners.  Before discussing this unique benefit, let’s review the primary reasons that businesses form their own insurance company – specifically a captive insurance company. To manage business risk by formally […]

The great State of Tennessee has significant growth ambitions for the captive insurance industry in the state.  Since revamping its captive insurance laws in the Summer of 2011, the state has added 10 new captive insurance companies.  Governor Bill Haslam spoke at the Tennessee Captive Insurance Association (TCIA) conference in Nashville, Tennessee on Wednesday, December […]

For any captive to be successful, it must do three things well: (1) operate as an independent and legitimate business, (2) manage its costs (including claims), and (3) manage its assets effectively. CIC Services is here to help with all three of these things, and going forward we’ll be sending you periodic updates, like this […]

This is our third letter about the Captive Live Conference in Chicago, Illinois.  CIC Services, LLC recently attended the conference as part of our on-going efforts to stay abreast of shifting trends, strategies and regulations in the captive insurance industry.  At this conference, we had the benefit of sitting in on a round-table discussion titled […]