Element Risk Management
Element Risk Management is a privately-held independent insurance agency operating 17 offices across Pennsylvania, Ohio, and Virginia, offering personal, commercial, and employee benefits insurance through partnerships with 15+ carriers. It serves individuals, families, and small-to-mid-size businesses with a relationship-driven, acquisition-led growth model.
- Company typePrivate
- Founded1909
- HeadquartersWest Chester, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Element Risk Management does
Element Risk Management is a privately-held, independent insurance agency operating 17 physical offices across Pennsylvania (8), Ohio (7), and Virginia (2), with licensing coverage spanning 45+ U.S. states. The firm, which traces its service history back to 1909 through successive agency acquisitions, employs 60+ insurance professionals organized into three core practice areas: Personal Insurance, Business Insurance, and Employee Benefits, supplemented by a Wealth Management/Financial Planning practice. Its portfolio spans personal lines (home, auto, umbrella, high net worth, renters, IRA), commercial lines (trucking, contractor, farm, multifamily property, manufacturer, bonds, workers compensation, cyber), and group benefits (health, dental, vision, voluntary, disability, retirement plans). As an independent agency, Element represents multiple carrier partners including Allstate, Travelers, Chubb, Nationwide, Liberty Mutual, Cincinnati Insurance, The Hartford, and Auto-Owners, among others, enabling cross-carrier placement for clients.
The business operates on a brokerage commission model, earning placement fees and renewal commissions from carrier partnerships rather than charging separate consulting fees. Its technology stack is service-oriented rather than product-oriented, centered on a 24/7 Client Center portal (csr24.com) for policy management, claims reporting, certificate requests, and bill payment, supplemented by branded interactive "Clickable Coverage" graphics for risk visualization. GTM is a sales-led, relationship-driven model executed through local offices with face-to-face advisory engagement, supplemented by content marketing (blog), branded podcast ("Beyond Base Camp"), and active social channels (Facebook, LinkedIn, Instagram). Customer segments include individuals and families, small/mid-size businesses across verticals (contractors, trucking, farms, manufacturers, multifamily property owners), employers seeking group benefits, and high net worth individuals requiring customized coverage packages.
Growth has been driven primarily through an aggressive agency acquisition strategy: Element has absorbed at least 14 named agencies (Chapracki, National Advisors Group, Ira G. Mohler, Ross Insurance, Hoffman and L&B, Stoneburner-Carter, Henderson Insurance x2, Barrick & Associates, Rhodes, Singleton, Perry County, Barnett, Bickle), retaining acquired staff and operating practices rather than imposing sweeping changes. Ownership is partner-led (Dave Rivell, Josh Heebner) with no disclosed VC, PE, or strategic investor backing. The firm maintains a multi-VP leadership bench across commercial, benefits, personal lines, finance, sales, IT, and agency services functions.
Element Risk Management firmographics
Firmographics- Name
- Element Risk Management
- Legal name
- Element
- Website
- https://elementrisk.com
- Company type
- Private
- Founded year
- 1909
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Element Risk Management is a privately-held independent insurance agency operating 17 offices across Pennsylvania, Ohio, and Virginia, offering personal, commercial, and employee benefits insurance through partnerships with 15+ carriers. It serves individuals, families, and small-to-mid-size businesses with a relationship-driven, acquisition-led growth model.
- Ownership category
- akta.pro rank
Element Risk Management industry classification
Industry- Product category
- Insurance Brokerage Services
- NAICS
- Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Co-Employment Risk Management & Insurance (Workers’ Comp, Liability) (BPACAGAH)
- akta.pro secondary industries
- Worksite Supplemental Life Insurance (Voluntary Life) (FSAIAMAF), Worksite Critical Illness Insurance (FSAIAMAC), Individual Disability Income Insurance (Non-Group) (FSAIAIAA)
Keywords
Where Element Risk Management is headquartered
LocationHeadquarters
- HQ city
- West Chester
- HQ country
- United States
- HQ region
- North America
Offices17 records
Markets served
Element Risk Management business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Insurance Brokerage Commissions: As an independent insurance agency, Element Risk Management earns commissions from insurance carrier partnerships. The agency represents multiple insurance companies and earns placement fees and renewal commissions on policies sold to clients.
- Risk Management Advisory Services: Provides risk assessment, strategy development, and insurance advisory services. Revenue generated through insurance product sales rather than separate consulting fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Standard Insurance Products - pricing varies by carrier, coverage type, and risk profile |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Element Risk Management product offering
Product offeringCore offering
Element Risk Management is an independent insurance agency that places personal, commercial, and employee benefits coverage with multiple insurance carriers on behalf of clients. As an independent agent, it earns placement fees and renewal commissions by matching clients to policies from carriers such as Allstate, Chubb, Travelers, Nationwide, Liberty Mutual, and others, supported by a 24/7 Client Center portal and a registered 'Clickable Coverage' interactive risk visualization tool. The firm serves both individual consumers and businesses through 17 physical offices across Pennsylvania, Ohio, and Virginia, licensed in 45+ states.
Product overview
Element Risk Management is an independent insurance agency offering a comprehensive portfolio of insurance and financial services through three core product lines: Personal Insurance, Business Insurance, and Employee Benefits. The company provides personalized coverage solutions across home, auto, umbrella, high net worth, renters, trucking, contractor, farm, multifamily property, and manufacturer insurance, complemented by group health, dental, vision, and voluntary benefits for employers. Their independent model allows them to represent multiple insurance carriers, offering customers choice and customized risk management solutions. The agency operates 17 locations across Pennsylvania, Ohio, and Virginia, serving clients in over 45 states.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Insurance Comprehensive personal insurance coverage including home, auto, renters, umbrella, and high net worth insurance for individuals and families.
- Business Insurance Commercial insurance solutions including commercial bonds, trucking insurance, contractor insurance, farm insurance, multifamily property insurance, and manufacturer insurance for businesses of all sizes.
- Employee Benefits Group health, dental, vision, voluntary benefits, disability insurance, and retirement planning services for employers to attract and retain talent.
- Home Insurance Coverage protecting homeowners against property damage, personal liability, and additional living expenses due to covered events.
- Auto Insurance Vehicle coverage including bodily injury liability, property damage, medical payments, and physical damage protection.
- Umbrella Insurance Excess liability coverage providing additional protection beyond standard auto and homeowners policies when limits are exhausted.
- High Net Worth Insurance Customized insurance solutions combining multiple coverages (home, vehicles, travel, life) for clients with large assets and unique risks.
- Renters Insurance Coverage protecting tenant personal belongings and providing liability protection for renters.
- Trucking Insurance Commercial coverage for trucking operations including motor truck cargo, physical damage, garagekeepers, bobtail, and non-trucking liability.
- Contractor Insurance Specialized coverage for contractors including general liability, commercial property, workers compensation, and business auto.
- Farm Insurance Combined home and business coverage for farms including property protection, livestock, equipment, and liability.
- Multifamily Property Insurance Landlord coverage for rental properties including building property, lost rental income, landlord liability, and eviction protection.
- Manufacturer Insurance Protection for manufacturing businesses including product recall, business interruption, commercial property, and cargo insurance.
- Commercial Bonds Surety, license, bid, performance, and lost instrument bonds for businesses requiring guarantees.
- Group Health Insurance Employer-sponsored health plans covering employees and dependents as a core employee benefit.
- Individual Retirement Account (IRA) Traditional and Roth IRA options providing tax-advantaged retirement savings for individuals.
- Beyond Base Camp Podcast Branded podcast hosted by Partner Dave Rivell featuring candid conversations with entrepreneurs about business challenges and success stories.
Quantifiable outcome
- 130+ five-star reviews
Companies that use Element Risk Management
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Element Risk Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Element Risk Management partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core.
- AllstatecoreMajor national insurance carrier partner. Element offers Allstate products as an independent agency, providing personal and commercial insurance options.
- Auto-OwnerscoreRegional insurance carrier partner offering personal and commercial coverage. Element represents Auto-Owners for policy placement and client service.
- ChubbcorePremium insurance carrier specializing in high-value personal insurance, including high net worth coverage. Element offers Chubb products for affluent client segments.
- NationwidecoreMajor national insurance carrier partner. Element offers Nationwide products across personal and commercial insurance lines.
- TravelerscoreLeading commercial insurance carrier partner. Element offers Travelers products for business clients including commercial property and casualty coverage.
- Liberty MutualcoreNational insurance carrier partner offering personal and commercial insurance products through Element's agency.
- Cincinnati InsurancecoreRegional insurance carrier offering commercial and personal coverage. Element represents Cincinnati for policy placement and client service.
- The HartfordcoreNational insurance carrier offering business and personal insurance. Element represents Hartford for commercial and personal lines.
Scale indicators6 records
Recent moves7 records
Expansion highlights5 records
Element Risk Management competitors and assessment
Company assessmentDirect peers
- Acrisure: Acrisure is the largest and best-known insurance agency roll-up consolidator in the U.S., acquiring dozens of independent agencies annually and offering personal, commercial, and benefits products. Element Risk Management's acquisition-led growth playbook and multi-carrier independent model directly mirror Acrisure's strategy, making it the most comparable peer.
- Hub International: Hub International is a leading North American insurance brokerage that has grown primarily through regional independent agency acquisitions, offering commercial, personal, and employee benefits solutions. Like Element, Hub is heavily reliant on M&A and operates physical offices across multiple U.S. states and Canadian provinces.
- Brown & Brown: Brown & Brown is a publicly traded insurance brokerage that consistently grows through acquisitions of independent agencies and provides commercial P&C, personal lines, and benefits programs. Element's multi-line product mix, carrier relationships, and acquisition-driven footprint expansion parallel Brown & Brown's model.
- USI Insurance Services: USI is a large, PE-backed brokerage distributing personal, commercial, and employee benefits through regional offices and a 'USI One' integrated carrier model. Element's independent multi-carrier structure, regional office model, and growing benefits practice are similar in design and target market to USI.
- AssurePartners: AssurePartners is a regional independent insurance agency operating primarily across the Mid-Atlantic and Southeast U.S. offering commercial, personal, and employee benefits. Element's PA/OH/VA footprint and acquisition-heavy history closely resemble AssurePartners' model.
- Insurance Office of America: Insurance Office of America is a privately-held independent insurance agency offering commercial, personal, and benefits products across multiple U.S. states with a similar carrier-agnostic brokerage model. Element's three-state footprint plus 45-state licensure mirrors IOA's regional-deep, multi-state-broad positioning.
- World Insurance Associates: World Insurance Associates is a rapidly-growing independent insurance agency roll-up with similar commercial, personal, and benefits lines and an aggressive M&A strategy. Element Risk Management follows an identical playbook targeting independent agencies for tuck-in acquisitions.
Emerging players
- Keystone Risk Partners: Keystone Risk Partners is a newer independent insurance agency roll-up focused on the Mid-Atlantic region — Element's core geography. Its recent launch and rapid acquisition cadence offer a useful comparison point for Element's next stage of growth and market consolidation.
- Hilb Group: Hilb Group is a mid-Atlantic-headquartered insurance and benefits brokerage that has scaled by acquiring independent agencies. Element Risk Management's office distribution across Pennsylvania and Virginia competes directly with Hilb Group's regional agency network.
Broad incumbents
- Arthur J. Gallagher & Co. Arthur J. Gallagher is one of the largest global insurance brokerages offering commercial, personal, and benefits placement through both organic offices and acquired agencies. While significantly larger, Gallagher competes with Element for the same commercial and benefits clients and is a frequent acquirer of agencies of Element's size.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Element Risk Management social profiles
Digital presenceElement Risk Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Element Risk Management leadership team
Management profileNumber of profiles
Profiles13 records
Element Risk Management subsidiaries and ownership
Company hierarchySubsidiaries14 records
Element Risk Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Element Risk Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Element Risk Management
What does Element Risk Management do?
Element Risk Management is an independent insurance agency that places personal, commercial, and employee benefits coverage with multiple insurance carriers on behalf of clients. As an independent agent, it earns placement fees and renewal commissions by matching clients to policies from carriers such as Allstate, Chubb, Travelers, Nationwide, Liberty Mutual, and others, supported by a 24/7 Client Center portal and a registered 'Clickable Coverage' interactive risk visualization tool. The firm serves both individual consumers and businesses through 17 physical offices across Pennsylvania, Ohio, and Virginia, licensed in 45+ states.
Is Element Risk Management a public or private company?
Element Risk Management is a private company. It is classified as management employee owned and is currently operating.
When was Element Risk Management founded?
Element Risk Management was founded in 1909. It employs 11 to 50 people.
Where is Element Risk Management based?
Element Risk Management is headquartered in West Chester, United States, in the North America region.
How does Element Risk Management make money?
Two revenue lines are on record. Insurance Brokerage Commissions are the primary driver. The others are risk Management Advisory Services.
Who are Element Risk Management's main competitors?
Direct peers on record are Acrisure, Hub International, Brown & Brown, USI Insurance Services, AssurePartners, Insurance Office of America and World Insurance Associates. Emerging players are Keystone Risk Partners and Hilb Group. Arthur J. Gallagher & Co. is listed as a broad incumbent.
Does Element Risk Management have an API?
No public API is recorded for Element Risk Management.
What industry is Element Risk Management in?
Element Risk Management's product category is Insurance Brokerage Services. Its primary akta.pro industry code is BPACAGAH, Co-Employment Risk Management & Insurance (Workers’ Comp, Liability), with a secondary code of FSAIAMAF, Worksite Supplemental Life Insurance (Voluntary Life). Its NAICS code is 524210 and its SIC code is 6411.