CIC Services Launches PortfolioVantage for Tenant Legal Liability Protection

Knoxville, Tenn. — CIC Services has introduced PortfolioVantage, a new tenant legal liability program designed to help property owners protect their investments while retaining underwriting profits. The program combines CIC Services' expertise in captive insurance with ePremium's technology for tenant enrollment, compliance tracking, and coverage monitoring.

"We see tenant legal liability as a foundation for a broader insurance strategy," said Bryan Ridgway, principal and COO of CIC Services. "PortfolioVantage offers property organizations a comprehensive solution to manage tenant-caused damage, retain more financial value, and build a strategy that can grow with their business."

Unlike traditional tenant legal liability programs, which see outside insurers retain underwriting profits when premiums exceed claims and expenses, PortfolioVantage places coverage within a captive insurance company established for the property organization. This structure allows the captive to potentially retain underwriting profits after claims and program expenses are accounted for.

The ePremium platform supports tenant enrollment, identifies missing or lapsed coverage, tracks compliance, and provides portfolio-wide visibility. Integration with property management systems ensures streamlined administration as portfolios and resident populations expand.

CIC Services can help evaluate additional risks that may be appropriate to finance through the captive, including property deductibles, cyber liability, employment practices liability, equipment breakdown, and other qualified exposures. The program is designed for qualified owners, operators, and managers of multifamily, single-family rental, and commercial properties.

"To determine if a property organization is a good candidate for PortfolioVantage, CIC Services conducts a feasibility review. This involves assessing the portfolio, premium potential, loss history, and business objectives," Ridgway explained.

Since 2005, CIC Services has been dedicated to helping small and mid-sized business owners manage risk, control costs, and create new profit centers by owning their own insurance company.