Posted on 03 Jun 09
This week we are featuring new Storefront, RISC, a managing general agency and surplus lines broker that independent agents have turned to for placing risks, no matter how small and simple or large and complex, since 1966. Based in Dallas, Texas, RISC is licensed in 50 states, writes $100 million in premium, and has more than 50 employees dedicated to providing dependable markets, competitive rates and innovative solutions to meet the challenge of every risk.
RISC’s national program business encompasses the following: Fire Equipment, Fire Sprinkler Contractors, Roofing Contractors, London Commercial Property, London High Value Homeowners facility, and all Energy related classes including Casualty and Inland Marine. We spoke with Shawn Fabors, Chief Sales Officer of RISC, about the company, its expertise and the industries it serves.
“Our overall company culture is one of ‘can do’ when it comes to each and every risk we look at,” says Shawn. “We provide the best in product, people and service.”
This proactive culture permeates throughout the organization, beginning with Bill Staub, President of RISC. “Bill is known for his integrity, from the time he created the RISC brand, and is highly respected in the industry,” says Shawn. “Integrity, transparency and putting our clients first are embedded in every aspect of our organization, and a part of everything we do – from underwriting to brokerage to our ‘Gold Standard Customer Service.’”
The Programs Division of RISC is run by Bob Leonhart, Senior Vice President, and is distinguished by its expertise and service, providing the required strategies and solutions to assess, mitigate, manage and eliminate risks specific to the industries the company underwrites. “The loss control and claims handling component of our program makes what we do successful and affordable,” says Shawn. “To qualify for our program an insured must go through certain stringent guidelines that must be met. By doing so, it minimizes losses and helps save the insured’s overall insurance costs.”
The Energy Division, run by Jere Freel, Executive VP, includes insurance programs for the following:
• Drilling Contractors
• Well Service Contractors
• Pipeline Contractors and Operators
• Oil Lease Operators/Non-Operators
• Bay, Marsh, Ocean Marine
• Manufacturers and Suppliers of Oilfield Equipment
• Equipment Rental
• Refineries & Plant Contractors
“Our capability in the Energy sector goes from A to Z,” says Shawn. “We insure everything from small drilling contractors to large national accounts and clients doing business on an international level, from monoline to multi-lines. Recently, for example, we were looking at insuring energy equipment going to Africa. Most insurance companies didn’t feel comfortable writing the coverage or couldn’t write it. Because of our relationships and available options, we were able to offer solutions to the agent and client.”
Shawn also explains that in the Energy arena, knowledge of the industry is critical. “We help our agents in every possible way. We provide the expertise and can walk an agent through the entire process, including the available markets, policy forms and coverages,” says Shawn.
Additionally, if a specific risk doesn’t fit into one of the program business markets, RISC has a brokerage division that can provide assistance with any of its other key markets.
RISC recently set up a Storefront on ProgramBusiness.com as part of its effort to expand its footprint. “We have one office and wanted to expand the brand’s national reach,” says Shawn. “Our objective is to introduce agents we don’t work with to our programs and to reach out to them on a consistent basis. In the short time we have made our on-line presence known on ProgramBusiness.com, we have received a significant number of submissions. So far we are very excited about the activity being generated.”
To find out more about RISC’s programs, visit the company’s Storefront or go to: www.gorisc.com. You can also contact Shawn Fabors at 1.800.725.7472 or email at firstname.lastname@example.org.