Welcome to RISC (Risk and Insurance Services Consulting, LLC). We specialize in providing consultative insurance and risk management advice to companies that have complex, diverse operations, and where solutions are sought to resolve specific problem areas. Our clients range from businesses that have a handful of employees to businesses listed on the NYSE with thousands of employees. In addition, we provide property and casualty (P&C) insurance litigation support services to both plaintiff and defense attorneys.
RISC personnel have experience working with a wide variety of business operations, as well as governmental entities and affluent individuals. RISC provides outsourced insurance and risk management services where there is not a need for full-time risk management and where specialized expertise is desired for project work.
A key difference between RISC and a typical insurance agent or broker is that we do NOT sell insurance. As a result, we avoid conflicts of interest that may arise between insurance agents and brokers with insurance companies that they have contracts with. Since RISC is compensated solely by our clients, our loyalty lies only with our clients - not to insurance companies that pay commissions and bonuses to sell their products.
Utilizing our RISC Assessment methodology we provide in-depth reviews of your current P&C insurance program and compare your company's existing program to our benchmarks. Our RISC Assessment: 1) Saves you significant money. 2) Assures that you have the proper coverage. 3) Eliminates any duplication. 4) Provides options and alternative ideas to enhance existing insurance programs.
RISC understands that, regardless of the size of your assets, insurance is both expensive and difficult to understand. We make the insurance process less confusing which saves time and allows you to make educated decisions without insurance industry jargon getting in the way. In addition, a major focus area is improvement of your bottom line. That's it, pure and simple. We are tested problem solvers that increase your profits by decreasing your cost of risk. We accomplish this, in part, by plugging gaps that would otherwise result in out-of-pocket payments, and by methodically testing the insurance marketplace to obtain coverages at a more competitive price.
"I have an insurance agent who can do that," you might say. We strongly disagree. Since insurance producers are agents of insurance companies, they have fiduciary responsibilities to the insurance carriers that they represent. It can also be difficult to stand up to insurance companies when problems arise since agents are compensated by these very companies via commissions and contingency payments. Since we represent no insurance companies, we offer unbiased, objective solutions and we work solely on your behalf. However, know that if you are happy with your current insurance agent or broker relationship and desire to continue working with them, you are free to do so. We obtain positive results regardless of the insurance agent or broker involved.
Please spend a few minutes getting to know us better. Mistakes happen. Oversights happen. Fraud happens. What checks and balances do you have in place to verify that you have the right coverages at the best available price? Of course, your insurance agent tells you that you have an outstanding insurance program. However, keep in mind that even the best company employees receive performance appraisals annually. We provide a "2nd set of eyes" review that confirms whether or not your insurance agent and insurance company performance is as good as they have promised. Even if you have a Risk Manager on staff it is important to realize that capabilities vary and that their performance should be tested occasionally.
I enourage you to speak with our satisfied clients. As we work towards our 2nd decade in business it is the positive results we have achieved for our clients that assures our future success. We are proud of our reputation and you will be impressed with what we have accomplished over the years for those we have worked with. Let them tell you about RISC in their own words and you can then decide for yourself whether our services make sense for your situation.
RISC offers a set of unique services that provides broader protection of your assets - which ultimately provides you and your company, as well as your board of directors and your stockholders, where applicable, with additional peace of mind. After all, this is why you bought insurance protection in the first place!