Specialty Risk Insurance Agency

What Specialty Risk Insurance Agency does

Specialty Risk Insurance Agency is an independent, full-service insurance agency headquartered in Carthage, Missouri, founded by Kevin Charleston on July 13, 2012. The firm distributes multi-line insurance products on behalf of third-party carriers across nine vertical and horizontal segments, with primary emphasis on agribusiness, farm and ranch, construction, and general commercial lines and secondary exposure to trucking, livestock, energy/oil and gas, aviation, employee benefits, and personal lines. The agency employs agents who are practitioners in the industries they insure, positioning vertical expertise as its core operational differentiator.

The agency generates revenue through commissions paid by insurance carriers on policies placed and renewed; pricing is per-customer and not publicly disclosed. It also generates ancillary fee revenue from professional services including safety compliance, payroll, and HR support. Distribution is direct via eight physical offices in Missouri, Texas, Arizona, and Oklahoma, supplemented by a website, content marketing, and industry events such as the TSACA Summer Golf Tournament. Carriers referenced in customer feedback include Hartford, indicating multi-carrier appointment relationships typical of an independent agency structure.

The firm is privately held, founder-owned, and bootstrapped, with no external funding rounds, no parent company, and no disclosed M&A activity. Headcount is reported in the 11-50 range. Operating geographies are concentrated in the US Midwest with extensions into the South/Southwest. There is no evidence of proprietary technology, software products, AI/ML capabilities, or digital self-service platforms; the technology stack consists of a marketing website and a recurring Livestock Risk Protection (LRP) pricing page.

Name

Specialty Risk Insurance Agency

Legal name

Specialty Risk Insurance Agency

Website

https://specialtyriskinsuranceagency.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Specialty Risk Insurance Agency is an independent, founder-owned insurance agency headquartered in Carthage, Missouri, distributing multi-line commercial and agribusiness insurance across nine verticals via eight offices in Missouri, Texas, Arizona, and Oklahoma.

Ownership category

akta.pro rank

Product category

Commercial Insurance Brokerage

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

akta.pro secondary industries

Aviation Specialty (FSAJAGAK), Energy & Power Specialty (Onshore/Offshore) (FSAJAGAI), Retail (Personal Lines) Insurance Brokerage (FSAEADAA)

Keywords

• Commercial insurance brokerage
• Agribusiness insurance agency
• Crop insurance services
• Farm ranch insurance
• Construction insurance coverage

Headquarters

HQ city

Carthage

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Commissions: As an independent insurance agency, Specialty Risk Insurance Agency generates revenue through commissions paid by insurance carriers on policies sold and renewed. Agents write all lines of insurance across multiple industry verticals.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Specialty Risk Insurance Agency is a full-service independent insurance agency providing multi-line coverage across agribusiness, farm and ranch, construction, commercial, trucking, livestock, crop, energy/oil and gas, aviation, and personal lines. The agency writes policies on behalf of multiple carriers and earns revenue through commissions on placements and renewals. It supplements brokerage with professional services including safety compliance, payroll, and HR support.

Product overview

Specialty Risk Insurance Agency is a full-service insurance agency offering a comprehensive portfolio of insurance products and professional services. The agency provides insurance across multiple sectors including agribusiness, farm and ranch, construction, commercial, trucking, livestock, crop insurance, energy/oil and gas, aviation, and personal lines. Additionally, they offer professional services including safety compliance, payroll, and HR services. The agency positions itself as one of the top agribusiness insurance agencies in the nation with a focus on construction and commercial insurance in the Midwest. They also provide LRP (Livestock Risk Protection) pricing information as a specialized service for livestock producers.

Differentiator

Problem solved

Functional benefit

Products and services

• Agribusiness Insurance Specialized insurance coverage for agricultural businesses, providing protection against risks specific to the agribusiness sector.
• Farm and Ranch Insurance Insurance products tailored for farm and ranch operations, covering property, liability, and livestock-related risks.
• Construction Insurance Insurance coverage designed for construction businesses, including contractors and builders in the Midwest region.
• Employee Benefits Benefits programs and insurance products for businesses to offer to their employees.
• Trucking Insurance Insurance coverage for trucking companies and commercial vehicle operators.
• Livestock Insurance Coverage for livestock operations, including mortality and related risks.
• Commercial Insurance General commercial insurance products for businesses of various sizes and industries.
• Crop Insurance Insurance products protecting agricultural producers against crop loss due to weather, disease, or other covered events.
• Energy/Oil and Gas Insurance Specialized insurance coverage for energy sector operations including oil and gas businesses.
• Personal Insurance Insurance products for individual personal coverage needs.
• Aviation Insurance Insurance coverage for aviation-related risks and aircraft operations.
• Safety Compliance Services Professional services offering safety compliance assistance for businesses.
• Payroll Services Payroll processing and management services offered as part of professional services.
• HR Services Human resources support and services for business clients.

Named customers6 records

Segments9 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• HartfordminorOthersHartford is referenced in a customer testimonial as the insurance carrier providing coverage for livestock insurance. Specialty Risk Insurance Agency acts as an independent agent selling Hartford insurance products.

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Direct peers

• M3 Insurance: Wisconsin-based independent insurance brokerage serving Midwest business clients across commercial, personal, employee benefits, and specialty lines. Comparable to Specialty Risk on regional Midwest orientation and multi-line business coverage.
• Insurance Office of America (IOA): Florida-headquartered independent insurance brokerage serving commercial and personal lines clients across multiple U.S. offices. Comparable as a multi-line independent agency with regional office network and similar producer-driven distribution model.
• Holmes Murphy & Company: Independent insurance brokerage headquartered in Iowa that focuses heavily on agribusiness, construction, and commercial middle-market clients across the Midwest. Comparable as a multi-line specialist with strong agribusiness roots and similar target verticals to Specialty Risk.
• Higginbotham: Texas-headquartered independent insurance brokerage serving commercial, agribusiness, energy, and construction clients across multiple states. Closest comparable to Specialty Risk on multi-line specialty brokerage, agribusiness expertise, and multi-state regional footprint.
• Heffernan Insurance Brokers: Independent insurance brokerage offering commercial, personal, employee benefits, and specialty lines across multiple U.S. offices. Comparable as a multi-vertical independent agency with a similar multi-line, multi-office delivery model.
• Wedgworth Insurance: Florida-based specialty insurance agency focused on agricultural and commercial lines, including crop, livestock, and farm operations. Comparable to Specialty Risk's agribusiness-and-specialty-line focus, though operating in a different regional market.

Broad incumbents

• Lockton Companies: Largest independent (privately held) insurance brokerage globally, with significant specialty and commercial practice groups across agribusiness, construction, energy, and trucking. Comparable as a large-scale specialty broker and a likely acquirer or strategic competitor to Specialty Risk.
• Brown & Brown Insurance: Large publicly traded insurance brokerage serving commercial, personal, and specialty lines across the U.S. Comparable as a multi-vertical broker competing for Specialty Risk's target customer base, and a relevant acquirer for specialty independent agencies.
• Arthur J. Gallagher & Co. Global insurance brokerage and risk management firm with significant agribusiness, construction, energy, and commercial practices. Comparable as a broad incumbent whose specialty divisions directly overlap Specialty Risk's verticals.
• AssuredPartners: Large national insurance brokerage built through acquisition of independent agencies across commercial, personal, agribusiness, and specialty lines. Comparable on the consolidation thesis relevant to Specialty Risk, and a likely roll-up acquirer of similar specialty agencies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Specialty_Risk

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Specialty Risk Insurance Agency