On Episode 147 of the Grow Your Business & Grow Your Wealth with host Gary Heldt, Randy Sadler, Principal and CMO at CIC Services, joins as a guest to discuss captive insurance and debunk some of its myths.
Randy has been a marketing and communications professional since 2007 and has worked with various companies such as Procter & Gamble, Pfizer Pharmaceuticals, and Jewelry Television. He now leads Marketing and Client Empowerment for CIC Services, LLC. Randy's background in risk management, real estate investment, and entrepreneurial ventures has helped him parallel well with captive insurance.
🎧 During the podcast, Randy explains how captive insurance works and how CIC Services helps successful business owners set up and own insurance companies. He emphasizes that captive insurance is not a one-size-fits-all solution and that it is essential to understand the risks and benefits before deciding. Randy also highlights the benefits of owning an insurance company through captive insurance, including asset management and investment opportunities.
✔️ One of the key takeaways from this episode is that captive insurance can be a powerful tool for business owners to manage risks and protect their assets. However, working with a knowledgeable and experienced team is crucial to ensure that the insurance company is set up correctly and complies with all regulations.
✔️ Another takeaway is that captive insurance is not just for large corporations but can also benefit small and mid-sized businesses.
🧠 Randy recommends that business owners interested in captive insurance contact him for an educational walkthrough to determine if it makes sense for their business. He also encourages listeners to research and ask questions before making decisions.
💰 This episode provides valuable insights into captive insurance and how it can benefit business owners.
Reach out to Randy:
https://www.captivatingthinking.com/
https://www.linkedin.com/company/cic-services-llc/
https://www.facebook.com/captivatingthinking/
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