North Shore Risk Management

What North Shore Risk Management does

North Shore Risk Management (NSRM) is an independent, full-service insurance brokerage headquartered at 1983 Marcus Avenue, Suite 125, Lake Success, NY. The firm has operated for over 60 years, positioning itself as a consultative risk advisor rather than a captive agent, representing clients (not carriers) and brokering coverage through relationships with over 25 major insurance carriers and leading regional companies. NSRM is organized around three primary commercial verticals — Real Estate (property managers and managing agents of residential cooperatives and condominiums, with a portfolio of approximately 50,000 residential units), Construction (contractors requiring certificate issuance and contract-language risk transfer support), and Nonprofit/Social Services (organizations serving homeless, senior/adult care, and special-needs populations) — plus a secondary Personal Lines book covering homes, valuables, automobiles, and watercraft.

The firm's product portfolio is broad but conventional: Commercial Lines span Property, General/Product Liability, Workers' Compensation, Umbrella/Excess, D&O, Professional Liability, Employment Practices Liability, Cyber Liability, Surety Bonding, Inland/Ocean Marine, Commercial Crime, and Environmental Liability. Specialized offerings include a Terrorism Coverage program designed to fill NCBR exclusions and supplement TRIA, Risk Purchasing Groups that aggregate clients for high-limit liability at reduced premiums, and High-Limit Flood programs layering private markets over the National Flood Insurance Program. There is no proprietary technology platform, no API, no app, and no AI/ML capability disclosed — the underlying "technology" is underwriting expertise and carrier-relationship curation rather than software.

The business model is commission-based brokerage: NSRM earns carrier commissions on each policy placed, with annual billing cadence and quote-based, risk-profile-dependent pricing that is not publicly disclosed. Go-to-market is sales-led and consultation-driven ("Schedule a consultation" CTA on website), with no inbound digital funnel, no self-service portal, and limited marketing presence (website, LinkedIn, Facebook). The company employs 11-50 people, has no disclosed funding, no parent company, no M&A activity, no leadership bios, no awards, no patents, and operates exclusively in the New York / New York City market with no claimed geographic expansion.

Name

North Shore Risk Management

Legal name

North Shore Risk Management

Website

https://nsrminsurance.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

North Shore Risk Management is an independent insurance brokerage in Lake Success, NY, with 60+ years operating, serving real estate cooperatives/condominiums (~50,000 residential units), construction, and nonprofit organizations through 25+ carrier relationships.

Ownership category

akta.pro rank

Headquarters

HQ city

Hempstead

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Insurance Brokerage Commissions: Revenue generated through commissions from insurance carriers for placing coverage on behalf of clients. As an independent agency, they earn commissions on each policy placed with their carrier partners.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

North Shore Risk Management is an independent, full-service insurance agency that designs and places customized commercial and personal lines insurance programs for clients through direct consultation. It accesses over 25 major insurance carriers to deliver tailored risk protection across property, liability, workers' compensation, umbrella, professional liability, D&O, cyber liability, terrorism, flood, and risk purchasing group solutions, with specialization in residential cooperatives/condominiums, contractors, and nonprofit organizations.

Product overview

North Shore Risk Management is a full-service insurance agency with over 60 years of experience helping clients understand, manage and minimize business and personal risks. The company offers a comprehensive portfolio organized into Commercial Lines (including Property, Liability, Workers' Compensation, Cyber Liability, Directors & Officers, Professional Liability, and Umbrella coverage) and Personal Lines (Homes, Personal Property, Jewelry, Automobiles, Watercraft). The company specializes in three core sectors: Real Estate (serving approximately 50,000 residential units in cooperatives and condominiums), Construction (with dedicated staff for certificate issuance), and Nonprofit organizations (serving social service providers). All products are delivered through relationships with over 25 major insurance carriers and leading regional companies, enabling customized and cost-effective risk protection programs.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Portfolio of approximately 50,000 residential units managed for real estate clients

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Major Insurance Carriers (25+)coreChannel Partner/ Reseller/ DistributorOngoing relationships with over 25 major insurance carriers and leading regional companies. These carrier partnerships enable the company to offer customized and cost-effective risk protection programs to clients. The company acts as an independent broker representing clients rather than any single insurance company.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Arthur J. Gallagher & Co. Global insurance brokerage and risk management firm serving mid-market and enterprise clients with property, casualty, and specialty coverage. Comparable to NSRM as a full-service commercial broker with multi-carrier placement and consulting-led delivery.
• Marsh & McLennan Agency: Middle-market arm of Marsh serving commercial property/casualty, cyber, and executive lines. Comparable to NSRM in commercial lines focus and specialty coverage but with national footprint and enterprise resources.
• USI Insurance Services: Mid-market-focused insurance brokerage and consulting firm with property/casualty, benefits, and specialty practices. Closely comparable to NSRM as a full-service commercial broker with consultative selling and multi-carrier access.
• Hub International: North American insurance brokerage offering commercial, personal, and employee benefits solutions. Comparable to NSRM in independent-broker model and vertical specialization, but with national scale and PE-backed growth.
• Brown & Brown: Large publicly traded insurance brokerage with deep property & casualty, commercial, and specialty lines. Comparable to NSRM in product breadth (commercial + personal lines, specialty programs) but operates at vastly greater scale across multiple geographies.

Direct peers

• The Hilb Group: Middle-market insurance brokerage with concentration in the Mid-Atlantic and Southeast, serving commercial and personal lines clients. Comparable to NSRM in independent agency structure, specialty commercial lines, and acquisition-driven growth model.
• Foundation Risk Partners: PE-backed commercial insurance brokerage with strong Northeast presence and vertical specialization in real estate, construction, and nonprofit sectors. Directly comparable to NSRM across all three of NSRM's core verticals and in independent multi-carrier distribution.
• World Insurance Associates: PE-backed insurance brokerage that grew rapidly via acquisition of regional agencies across the Northeast and Mid-Atlantic. Directly comparable to NSRM as a regional full-service commercial broker with real estate and nonprofit verticals and an active roll-up strategy.

Emerging players

• RPS (Risk Placement Services): Specialty wholesale broker and managing general agent focused on excess & surplus and niche commercial lines. Comparable to NSRM in specialty placements such as environmental, inland marine, and terrorism risk purchasing groups.
• Beecher Carlson: Specialty insurance brokerage with strong real estate, construction, and nonprofit practice groups. Comparable to NSRM in vertical specialization, particularly in real estate and construction risk management consulting.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/NSRMinsurance/?ref=aymt_homepage_panel
• LinkedInlinkedin.com/company/north-shore-risk-management?trk=company_logo

Revenue estimate

Valuation estimate

Number of profiles

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 North Shore Risk Management