Many businesses rely on their insurance agent to provide insurance and risk management advice in addition to selling insurance policies. Depending upon the specific situation, doing so may be problematic.

As a suggestion, perform an internet search for positions posted at various companies using the words “Corporate Insurance Manager,” “Risk Manager,” “Insurance Analyst” or similar positions. Then compare the essential job duties of these positions with the duties of an “Insurance Sales Agent.” Note the differences and decide for yourself which position is best suited to help you achieve desired objectives related to your company’s insurance and risk management program.

RISC's Core Services Are:

  • 1. Reviews of Insurance Policies and Risk Management Programs
  • 2. Competitive Bidding of Insurance Programs
  • 3. Litigation Support
  • 4. Insurance and Risk Management Educational Presentations

As insurance and risk management consultants we thoroughly interview our clients to identify risk exposures and to ascertain risk tolerance levels. We then use information gathered to develop a formal, integrated program that combines insurance and risk management techniques to meet agreed-upon goals.

Our recommendations provide solutions for risk exposures that may not have been previously identified. Our identification and analysis of your business risks result in recommendations that will most effectively address identified areas. Our intent is to provide the best possible value for our clients’ insurance and risk management dollar, while weighing both coverage and cost factors. As your company’s outsourced Risk Manager, we provide solutions to existing problems and work closely with you to head off future difficulties by anticipating areas of concern. RISC offers a menu of services to assist businesses and individuals to create first-class insurance and risk management programs.

Our Available Services Include:

Tested Fee-Only Consulting

    • Insurance Program Review

Examples of insurance policies we review include:

Commercial Insurance

    • Property: Buildings, Business Personal Property, Personal Property of Others
    • Commercial Output, Manufacturers Output policies
    • Flood
    • Earthquake
    • Nonowned Aircraft
    • Special Contingency Risk (SCR)
    • Political Risk
    • Kidnap & Ransom (K&R)
    • Products Recall
    • Employed Lawyer
    • Business Income
    • Inland Marine, Stock Throughput
    • Crime, Employee Dishonesty
    • Fiduciary Liability
    • General Liability, International Liability
    • Commercial Automobile – vehicle fleets, required transportation filings and establishing driver programs
    • Workers Compensation
    • Umbrella and Excess Liability
    • Professional Liability, Errors and Omissions, including 1st party and 3rd party
    • Boiler & Machinery, Systems Breakdown
    • Differences in Conditions (DIC)
    • Executive Risk, Directors & Officers
    • Employment Practices Liability
    • Cyber Liability
    • Layered, Quota Share and Excess Coverages

Personal Insurance (appropriate for High-Net-Worth individuals)

Examples of insurance policies we review include:

    • Dwelling and Personal Property – historic homes, unique construction materials, high values, issues associated with multiple locations
    • Appurtenant Structures
    • Loss of Use
    • Personal Liability, domestic and international
    • Medical Payments
    • Workers Compensation for household employees
    • Personal Automobile – includes antique, classic, exotic and highly-valued cars
    • Personal Inland Marine – includes collections of all types, valuation issues and more
  • Risk Management Program Review
  • Creation of Requests for Proposal (RFP) and Competitive Bidding of Insurance Programs
  • Claims History Review
  • Outsourced Insurance and Risk Management Services (Rent-a-Risk Manager)
  • One day a week, a couple of days per month, or upon another agreed upon basis.

  • Personal Insurance Concierge Services
  • For discriminating High-Net-Worth individuals who want a high level of on-going, personalized service.

Additional Proven Services Provided by RISC

  • Litigation Support, Including Expert Witness Testimony

      Provided to both Plaintiff and Defense attorneys. Our services include:

    • Insurance policy review
    • Coverage interpretation
    • Assistance with legitimacy of denied claims and reduced carrier claims payments
    • Research, including insurance carrier state filings
    • Assistance with preparations for trial, including Interrogatories preparation
  • Seminars and Education Workshops
  • Topics can be specifically tailored to meet the needs of our clients, and continuing education credits are available depending on the course subject matter. Are you a large financial institution whose financial advisors are required to obtain continuing education credits prior to renewing their insurance licenses? We can help!