Comprehensive Risk Management Solutions, Business Insurance, and Professional Liability
Risk Management Services Designed for You
Custom Insurance & Risk Management at a Competitive Price
Many businesses view their insurance agent as a “vendor”. That is not us. We are a “guide” in helping you navigate the complex world of insurance and risk management.
We have 3 ways you can get started with us, click below on the option you feel best fits your needs:
Just a Quote
Already know what Insurance your company needs? Fill out our applications to get a quote.
Conversation & Quote
Unsure about what you really need? Talk with one of our licensed Insurance Agents for advice and next steps.
Full 360° Review
Need a comprehensive review of exposures? Our Risk Managers give you a free in-depth risk analysis.
All Business Insurance Solutions
Our comprehensive risk management services safeguard your assets, employees, and profits against unexpected challenges.
Types Of Business Insurance Offered
We offer a full range of business insurance solutions. Each policy is designed to protect your business from specific risks, ensuring comprehensive coverage and peace of mind.
Automobile Insurance
Covers your business vehicles against accidents, liability, and damage with specialized automobile insurance.
Business Personal Property Insurance
Protect your business equipment, inventory, and furnishings from loss, damage, or theft with comprehensive business personal property insurance.
Cyber Liability Insurance
Defend your business against cyber-attacks and data breaches with robust cyber liability insurance coverage.
Directors and Officers (D&O) Liability Insurance
Safeguard directors and officers from legal claims related to business decisions with directors and officers (D&O) liability insurance.
Employment Practices Liability Insurance
Ensure coverage for claims related to wrongful termination, discrimination, or harassment through employment practices liability insurance.
Environmental Liability Insurance
Secure your business against environmental damage, cleanup costs, and related legal expenses with environmental liability insurance.
Fidelity and Crime Insurance
Protect your business from financial losses due to fraud or theft by employees with fidelity and crime insurance.
Fiduciary Liability Insurance.
Provide coverage for claims arising from the mismanagement of employee benefit plans with fiduciary liability insurance.
General Liability Insurance
Obtain fundamental protection for bodily injury, property damage, and advertising injury claims with general liability insurance.
Inland Marine Insurance
Cover your business assets in transit or stored off-site with inland marine insurance.
Kidnap and Ransom Insurance
Get comprehensive coverage for ransom payments and crisis management for high-risk operations with kidnap and ransom insurance.
Professional Liability Insurance
Protect your business against claims of negligence, errors, or omissions in professional services with professional liability insurance.
Surety Bond Insurance
Guarantee your business meets its contractual obligations with surety bond insurance.
Umbrella Insurance Policy
Extend your coverage beyond standard policy limits for added protection with an umbrella insurance policy.
Workers Compensation Insurance
Cover medical expenses and wages for work-related injuries or illnesses with workers compensation insurance.
Who We Serve
We provide comprehensive business insurance and risk management solutions tailored to meet the unique challenges of any industry. Our expertise ensures your business is protected with strategies designed to mitigate risks and safeguard your success.
Why Choose Risk Specialty Group?
At Risk Specialty Group, we’re not just an insurance agency – we’re your guide in navigating the complex world of insurance and risk management. Unlike many agents who act as “vendors,” we partner with you to ensure your risks are covered while minimizing insurance costs. Here’s why businesses choose us:
Industry Expertise
Customized Solutions
Proactive Approach
Comprehensive Coverage
Trusted Partnerships
Ongoing Support
What Our Clients Are Saying
Frequently Asked Questions
How do I get a quote?
- Select the Insurance Program you would like,
Just a Quote,
Conversation then a Quote
or
Full 360 Review - OR complete the Quote Form on the
Contact Us Page - OR call us at 713-552-1900 to speak with an Insurance Advisor or email us at
info@riskspecialtygroup.com
Who is ISNetworld®?
While these services benefit the Owner/Client, they can make it very frustrating for the contractors and sub-consultants to get preapproved for work and maintain their compliant status. The Risk Specialty Group can help you manage this complex process so that you can save time and stay compliant. We understand that you cannot start a job or get paid unless you are compliant. If you would like to learn more about how we can help you with 3rd party contractor management companies, feel free to contact us today.
How do I request certificates?
You can also forward a copy of the contract requiring proof of insurance so we can review the requested coverages against the coverages you currently carry. Many times, the insurance requirements ask for additional language verifying “additional insured” status, waivers of subrogation, cancellation notices, primary/non-contributory and other specifications. They can even require copies of these endorsements from the actual policies themselves be shown along with the certificate of insurance. Depending on the policies you carry, this can be an issue and it is for this reason that we do not have an online portal for you to generate your own certificates.
How do I report a claim?
C.N.A. – 877-262-2727
Hartford – 800-327-3636
Travelers – 800-238-6225
RLI Insurance Co. – 877-863-5095
If you have a Professional Liability, Cyber, D&O, EPLI, Crime or any other type claim, please contact us first so that we can discuss the matter with you and point you in the right direction. There are too many carriers that we represent to create a shortlist on this reference page and there are nuances to reporting a claim in these type situations. If you have been served with a lawsuit or demand letter, forward it to us immediately. Do not wait to report a potential circumstance or an actual lawsuit.
Many of the carriers we represent provide free Pre-Claims Assistance in matters that are not quite full claims but have the potential to develop into a claim. We would need to report this in a matter that notifies the carrier of the circumstance but is not reporting as a full claim.
Please contact us today if you are aware of a claim situation or circumstance that could result in a claim.
After you have reported the claim to us, it is usually good industry practice to:
Not discuss the matter with anyone other than staff, agent and insurer, unless instructed by your carrier. Information or documents you provide to others may build the case of these parties against you.
Not admit liability to anyone. Your liability in a claim is between you and your carrier.
Not attend a deposition without the guidance of legal counsel. If you have a question regarding legal counsel prior to or after alerting your carrier, please contact us.
How much does insurance cost for small business?
$500 to $750 for General Liability
$1,500 and $2,500 per Auto depending on Yr, Make & Model
Between $450 and $1,000 depending on Payroll for Workers’ Compensation
However, there can be risk exposures within your particular business that can drive-up these costs. Or, create the need for additional insurance coverages, such as Professional Liability (E&O) for architects, engineers, surveyors, environmental consultants, construction managers, etc.
Professional Liability (E&O) can cost anywhere from $700 per year to 5% of your Gross Revenues depending on what type of Professional Liability policy you want and the Services you provide.
C.N.A. – 877-262-2727
Hartford – 800-327-3636
Travelers – 800-238-6225
RLI Insurance Co. – 877-863-5095
If you have a Professional Liability, Cyber, D&O, EPLI, Crime or any other type claim, please contact us first so that we can discuss the matter with you and point you in the right direction. There are too many carriers that we represent to create a shortlist on this reference page and there are nuances to reporting a claim in these type situations. If you have been served with a lawsuit or demand letter, forward it to us immediately. Do not wait to report a potential circumstance or an actual lawsuit.
Many of the carriers we represent provide free Pre-Claims Assistance in matters that are not quite full claims but have the potential to develop into a claim. We would need to report this in a matter that notifies the carrier of the circumstance but is not reporting as a full claim.
Please contact us today if you are aware of a claim situation or circumstance that could result in a claim.
After you have reported the claim to us, it is usually good industry practice to:
Not discuss the matter with anyone other than staff, agent and insurer, unless instructed by your carrier. Information or documents you provide to others may build the case of these parties against you.
Not admit liability to anyone. Your liability in a claim is between you and your carrier.
Not attend a deposition without the guidance of legal counsel. If you have a question regarding legal counsel prior to or after alerting your carrier, please contact us.
What insurance do you need for a small business?
Business Owners Policy, which includes:
General Liability
Property (computers, furniture, software, etc.)
Hired/non-Owned Auto
Workers’ Compensation
Depending on the type of business you’re in and the number of employees, small businesses may also need to consider:
Professional Liability (E&O)
Cyber Liability & Network Security
Umbrella (for higher limits over the GL, Auto & WC)
ERISA Bond
Employment Practices Liability
Fiduciary Liability
3rd Party Crime
We would recommend talking with one of our Risk Managers to obtain a free Risk Assessment based on your particular industry and firm profile. To talk with one of our Risk Managers, Contact Us now
What are the different types of business insurance?
- General Liability
- Property
- Auto
- Workers’ Compensation
- Umbrella
- Professional Liability (E&O)
- Cyber Liability & Network Security
- Drone Liability
- Directors & Officers (D&O)
- Fiduciary Liability
- Crime
- Employment Practices Liability (EPL)
- Foreign Liability including Kidnap & Ransom
- Bonds / Surety
- Pollution Liability
- Products Liability
Contact Us to speak with an Insurance Advisor today at 713-552-1900
Risk Management Blog
Visit our risk management blog for valuable resources and updates from Risk Specialty.