Captive Insurance Services
Captive Insurance Services is a consulting firm that specializes in assisting organizations with forming Captive Insurance Companies. What is a Captive Insurance Company (CIC)? Simply stated CICs are insurance companies owned by the insured. In its purest form a CIC offers the customer the ability to have their own insurance company and gives the customer:
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Significantly lower risk related costs
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Improved cash flow
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The ability to increase net income
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The ability to shelter and grow capital
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Significant Tax advantages
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The flexibility to decide when and how to pay claims
The commercial insurance market is often volatile and unpredictable, many organizations are trapped in the constant shop and drop cycle. A Captive Insurance Company is a permanent, long-term solution to risk that will free your organization from the constant shop and drop cycle of the commercial insurance market. Your company has a business plan and a marketing plan; doesn't it make sense to develop a long-term strategy for the ongoing and often costly expense of risk?
I offer a free, no obligation consultation to determine if a Captive Insurance Company is right for your organization.