Summit Risk Management & Insurance

What Summit Risk Management & Insurance does

Summit Risk Management & Insurance is a privately held, Utah-based insurance brokerage and risk management firm that provides business and personal insurance products alongside complementary advisory services. The company serves primarily the Construction Industry (general contractors, subcontractors, and trade specialists including roofers, electricians, and plumbers), with secondary vertical focus on Trucking and Breweries/Restaurants. The firm positions itself as a holistic risk management provider rather than a pure policy broker, layering insurance placement with risk assessment, workers' compensation strategy, employee benefits design, safety consulting, and human resources support. A signature differentiator is the Summit U education platform, which delivers contractor licensing education, compliance training (DOPL classes), and risk management toolkits, often delivered in partnership with industry bodies such as the Utah Home Builders Association. The company also integrates the Zywave platform for industry training and has built an Insurance QuickQuote self-service tool for online quote initiation.

The firm's underlying technology posture is that of a traditional brokerage with no proprietary AI or software platform; operational leverage comes from domain expertise, multi-state licensing (Utah, California, Colorado, broader Southwest), and content-led client engagement. Revenue is generated primarily through insurance brokerage commissions on placed policies, with annual billing and quote-based pricing tailored to individual client risk profiles. Customer engagement follows a sales-led motion combining direct consultation with named account managers (Mark Hunter, Alisha, Carri, Brandie, Cade) and an online quote-request portal. The firm reports 500+ clients, 25+ years in operation, and 10,000+ professionals trained through Summit U. Ownership is private and independent, with no disclosed institutional investment, parent company, or M&A activity in the source data.

Name

Summit Risk Management & Insurance

Legal name

Summit Risk Management & Insurance

Website

https://summit-risk.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Summit Risk Management & Insurance is a Utah-based independent brokerage providing business and personal insurance plus risk management, safety training, and HR consulting, primarily serving construction, trucking, and hospitality clients across multiple US states.

Ownership category

akta.pro rank

Product category

Commercial Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (52421), Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Construction Specialty (Wrap-Ups/Builders Risk/Contractors) (FSAJAGAH)

akta.pro secondary industry

Travel Risk Management & Duty of Care Advisory (BPAKADAN)

Keywords

• Commercial insurance brokerage
• Risk management services
• Workers compensation insurance
• Contractor insurance solutions
• Employee benefits consulting

Headquarters

HQ city

Sandy

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Insurance Brokerage Commissions: The company generates revenue through commissions earned from placing insurance policies with carriers for business and personal insurance customers. They offer multiple insurance products including business insurance, workers compensation, bonds, employee benefits, and personal insurance.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Summit Risk Management & Insurance is an independent insurance brokerage and risk management firm that places business and personal insurance policies with carriers on behalf of clients. The firm delivers holistic risk management services combining insurance placement (business insurance, workers compensation, bonds, employee benefits, personal insurance) with risk assessment, contractor education (Summit U), HBA training, safety consulting, and human resources advisory support, with industry specialization in construction, trucking, and breweries/restaurants.

Product overview

Summit Risk Management & Insurance is a risk management and insurance agency offering a portfolio of insurance and risk management services. The company provides a unified approach combining business and personal insurance with risk assessment, safety, and HR services. Core products include Business Insurance, Workers Compensation, Bonds, Employee Benefits, Personal Insurance, and Risk Assessment. Specialized industry solutions serve Construction, Breweries & Restaurants, and Trucking sectors. The company also offers training services including HBA Training and Zywave Training, plus HR support services and online quoting tools. The portfolio is structured around holistic risk management rather than standalone policy quoting.

Differentiator

Problem solved

Functional benefit

Brands

• Summit U: Educational platform offering contractor education, contractor tool kit, and training resources.
• HBA Training
• Zywave Training

Products and services

• Business Insurance Comprehensive commercial insurance placement tailored to the unique risk exposures of each business, covering general liability, property, and other commercial lines beyond generic off-the-shelf policies. Designed for small and mid-sized business owners across multiple industries.

Quantifiable outcome

• Three quotes provided within 24 hours for small roofing company
• +1 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• HUB International: Large multi-line insurance brokerage serving commercial, personal, and benefits clients across North America. Comparable product portfolio (business, personal, benefits) and multi-channel distribution.
• PCF Insurance Services: Insurance brokerage platform built around construction and other trade-intensive verticals. Comparable because of deep construction/exposure to specialty commercial insurance and risk management.
• Leavitt Group: Mid-sized regional insurance brokerage serving commercial and personal lines across the western U.S., including construction, agriculture, and other specialty verticals. Highly comparable as a regional, multi-line brokerage with deep vertical specialization and a relationship-led model.
• USI Insurance Services: National insurance brokerage and consulting firm focused on middle-market clients across commercial P&C, employee benefits, and personal lines. Similar combination of brokerage plus risk advisory.
• Heffernan Insurance Brokers: Mid-market commercial insurance brokerage with a strong focus on construction, real estate, and nonprofit verticals. Comparable in target customer size, vertical specialization, and holistic risk advisory positioning.
• IMA Financial Group: Employee-owned commercial insurance brokerage serving middle-market clients with property/casualty, employee benefits, and risk management. Similar mid-market, holistic service model.
• AssurePartners: National insurance brokerage with a hub-and-spoke regional model serving middle-market commercial clients across multiple verticals. Similar mid-market commercial focus and multi-state distribution.

Broad incumbents

• Brown & Brown: Large national insurance brokerage with diversified commercial and personal lines offerings. Comparable in product mix but operates at materially larger scale across all U.S. regions.
• Marsh McLennan: Global professional services firm offering insurance brokerage, risk consulting, and benefits administration. Functions as the broadest incumbent comparable to Summit's 'risk management beyond insurance' positioning.

Emerging players

• Next Insurance: Digital-first commercial insurance carrier/broker targeting contractors, small businesses, and trades with streamlined online quoting. Overlaps with Summit's core contractor and SMB verticals and represents a disruptive channel for routine policies.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/SummitRMI
• YouTubeyoutube.com/user/summitrisk
• Facebookfacebook.com/SummitRMI

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Summit Risk Management & Insurance