Risk Management Insurance Broker

Who We Serve

We specialize in providing Insurance and Risk Management to a number of industries, to include but not limited to

R

Architects

R

Engineers

R

Surveyors

R

Environmental Consultants

R

IT Firms

R

Interior Designers

R

Oil & Gas Consultants

R

Manufactures

R

EPC Firms

Our Appetite

We cater to accounts with diverse operations and exposures, whether they have multiple locations nationwide or just a single location.

Our Solution

Our approach is driven by you. We can be as hands-off as you want us to be, or we can provide you with tailored advice throughout your customer journey.
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 risk management insurance.
Think of us as your outsourced Insurance & Risk Management department. By simplifying the complex, we can help you reduce risk and increase profit.

Why Choose The Risk Specialty Group

The Risk Specialty Group is your go-to for risk management and insurance solutions. We cater to design professionals by providing guidance and access to specialized carriers that your current agent might not even know exist.
Thanks to our extensive network of insurance carriers and global markets, we help businesses like yours upgrade their insurance coverage while reducing associated costs.

FAQs About Risk Management

What is risk management?
Risk management involves the identifying, assessing, and prioritizing of risk exposures, followed by coordinated efforts to minimize, monitor, and control the probability or impact of these exposures.
Why is a risk management plan important?
A risk management plan provides the blueprint on how to proactively manage risks, and gives direction to all employees related to carrying out the risk management game plan. This includes stating the specific goals desired; a step by step guide for achieving those goals; and practical ways to measure progress on an on-going basis.
What services are included in risk management?
Risk management services encompass risk assessment, mitigation strategies, insurance solutions, and ongoing monitoring to protect against financial loss, bodily injury or property damage.
How does risk management benefit businesses?
It helps businesses limit their exposure to risks of financial loss, bodily injury or property damage, which helps increase their profit and safeguard their assets.
How is insurance related to risk management?
Insurance does not keep an unfortunate event from occurring, but it does help pay for it. Risk Management is split up into two (2) buckets; Risk Control and Risk Financing. Risk Control helps to “control” the exposures in a business’ operations. Risk Financing is how the losses will be paid for if/when they occur. Insurance falls within Risk Financing since it is a way businesses can transfer the payment of expenses associated with a loss over to the insurance carrier.
Why consider risk management consulting?
Risk management consulting provides guidance to businesses on identifying, assessing, and managing financial risks. You can do it yourself, but wouldn’t you prefer to work with an insurance agency that already works with firms just like yours?
How much does risk management consulting cost?
If you work with our agency, we can often provide risk management services for free, since they are often included in the premiums you pay for insurance.
What are effective risk management solutions?
Effective risk management solutions include risk assessments, placing or revising insurance coverage, contingency planning, and proactive monitoring to minimize potential threats.
What areas of a design firm need risk management?
We have classified three broad areas within a design firm where Risk Control and Risk Financing can be utilized: Finance, Legal and Operations.The area of finance may not seem relevant to risks associated with design firms, but this includes borrowing money to meet payroll, investments the firm has made, employee benefit plans, and aging accounts receivables.

Design firms are required to maintain a level of skill and care ordinarily demonstrated by members of their profession under similar circumstances and at the same time their services are performed, in the area that they practice. The law does not require perfection, just reasonable skill, and care. Failure to meet this “standard of care” is a necessary element for establishing negligence.

Lastly, there are many various risks associated with operating any type of business. Many of these operational risks can be mitigated using insurance policies. Others require the firm to create policies, processes and procedures around the various practice areas to increase the odds of favorable results.

Which risk management tools are recommended for businesses?
Risk assessment software, financial modeling tools, and enterprise risk management (ERM) systems are recommended.
Take proactive steps to safeguard your business with our risk management solutions. Contact us today to talk with one of our Risk Managers.

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:
a quote

Just a Quote

Already know what Insurance your company needs?  Fill out our applications to get a quote.

quote

Conversation & Quote

Unsure about what you really need?  Talk with one of our licensed Insurance Agents for advice and next steps.

360

Full 360° Review

Need a comprehensive review of exposures? Our Risk Managers give you a free in-depth risk analysis.