Professional Risk Facilities
Professional Risk Facilities is a privately held Managing General Agent founded in 1992 that underwrites professional and management liability insurance on behalf of A-rated carrier partners (CNA, AXIS, Vault, XL Catlin), distributing exclusively through brokers to privately held companies, non-profits, and insurance agents and brokers.
- Company typePrivate
- Founded1992
- HeadquartersJericho, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Professional Risk Facilities does
Professional Risk Facilities, Inc. (PRF), founded in 1992 and headquartered at 113 S. Service Road in Jericho, New York, is a privately held Managing General Agent (MGA) that underwrites and administers professional and management liability insurance on behalf of carrier partners. The firm specializes exclusively in this niche, offering a portfolio of nine product lines: Directors & Officers Liability, Employment Practices Liability, Fiduciary Liability, Crime, Not-for-Profit D&O, Miscellaneous Professional Liability, Media Liability, Tech/Telecommunication/Network Security & Privacy Injury, and Employed Lawyers Liability, plus an Insurance Agent & Broker Program. As of recent disclosures PRF holds program-administrator authority with CNA (Continental Casualty Insurance Company) and AXIS Reinsurance Company, and has expanded its carrier panel with Vault E&S Insurance Company (announced September 2022) and XL Catlin Specialty Insurance Company for the IAB program, all A.M. Best A-rated carriers.
PRF operates as a wholesale-only distributor with no direct-to-insured channel: it quotes, binds and issues policies on behalf of its carrier partners for retail and wholesale insurance brokers and agents placing coverage for privately held companies, non-profit organizations (including 501(c)(3), (c)(4), (c)(6), (c)(7) and (c)(10) entities), and insurance agents/brokers. Coverage capacity is capped at $5 million per policy, with management liability targets at companies with annual revenues up to $500 million and E&O risks up to $50 million. The firm emphasizes quick quoting turnaround with same-day submissions as a core service differentiator.
The revenue model is commission-based: PRF earns a percentage of premium written by its carrier partners, with potential supplemental compensation tied to total written premium, loss ratio, growth, retention and profitability. Revenue is not publicly disclosed. The firm is small — approximately 10 employees including nine underwriters and two administrative staff — and is led by Executive Chairman Christopher Cavallaro and Managing Underwriter Stephen Cavallaro. It has no disclosed outside investors, parent company, M&A activity or funding rounds, and operates exclusively in the U.S. domestic market.
Professional Risk Facilities firmographics
Firmographics- Name
- Professional Risk Facilities
- Legal name
- Professional Risk Facilities, Inc.
- Website
- https://professionalrisk.net
- Company type
- Private
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Professional Risk Facilities is a privately held Managing General Agent founded in 1992 that underwrites professional and management liability insurance on behalf of A-rated carrier partners (CNA, AXIS, Vault, XL Catlin), distributing exclusively through brokers to privately held companies, non-profits, and insurance agents and brokers.
- Ownership category
- akta.pro rank
Professional Risk Facilities industry classification
Industry- Product category
- Professional Liability Insurance Underwriting (Managing General Agent)
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Insurance Program Administration & MGA/MGU Services (FSAEADAK)
- akta.pro secondary industries
- Management Liability (D&O/EPL/Fiduciary) (FSAJAGAD), Professional Liability (Errors & Omissions) (FSAJADAB), Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)
Keywords
Where Professional Risk Facilities is headquartered
LocationHeadquarters
- HQ city
- Jericho
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Professional Risk Facilities business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Insurance Commission Revenue: PRF receives compensation paid by the selling insurer based on the policy sold, calculated as a percentage of premium the insurer receives. Additional or supplemental compensation may be received based on total written premium, loss ratio, growth, retention and profitability over time.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Capacity up to $5 million limits available |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels3 records
Professional Risk Facilities product offering
Product offeringCore offering
Professional Risk Facilities is a Managing General Agent (MGA) that underwrites and distributes a portfolio of professional and management liability insurance products on behalf of A-rated carrier partners (CNA, AXIS, XL Catlin, Vault). The company provides Directors & Officers Liability, Employment Practices Liability, Fiduciary Liability, Crime, Not-for-Profit D&O, Miscellaneous Professional Liability, Media Liability, Tech/Telecom/Network Security & Privacy Injury, Employed Lawyers Liability, and an Insurance Agent & Broker E&O program, with capacity up to $5 million limits and quick-turnaround quoting, sold exclusively through insurance brokers and agents.
Product overview
Professional Risk Facilities (PRF) is a Managing General Agent (MGA) founded in 1992, offering a comprehensive portfolio of professional and management liability insurance products. The product portfolio centers on core insurance lines including Directors & Officers Liability (D&O), Employment Practices Liability Insurance (EPLI), Fiduciary Liability, Crime Coverage, and Not-for-Profit D&O coverage, all underwritten through carrier partners CNA and AXIS. PRF also provides specialized Professional Liability products including Miscellaneous Professional Liability (covering diverse professional service providers), Media Liability, and Tech/Telecom/Network Security & Privacy Injury coverage. Additional offerings include Employed Lawyers Liability and an Insurance Agent & Broker Program. The company operates primarily as a managing general agent with underwriting authority, capacity up to $5 million limits, and quick turnaround for quoting, serving privately held companies and non-profit organizations.
Differentiator
Problem solved
Functional benefit
Products and services
- Directors & Officers Liability (D&O) Provides Side A, B, and C coverage protecting directors and officers from claims arising from wrongful acts, including defense costs and indemnification for private companies placed through brokers.
- Employment Practices Liability Insurance (EPLI) Protects employers against claims made by employees, former employees, or potential employees for unlawful employment practices including discrimination, harassment, and wrongful termination.
- Fiduciary Liability Insurance Covers fiduciaries and plan administrators for pension, 401(k), ESOP, and health and welfare plans against claims arising from breach of fiduciary duties under ERISA.
- Crime Coverage Provides coverage for employee theft, forgery, robbery, computer fraud, and funds transfer fraud through CNA.
- Not-for-Profit Director & Officers Liability Protects directors, officers, trustees and governors of not-for-profit organizations from personal liability for their actions, with coverage extended beyond 501(c)(3) entities to include 501(c)(4), 501(c)(6), 501(c)(7), and 501(c)(10) organizations.
- Miscellaneous Professional Liability (MPL) Provides coverage for companies and individuals against economic loss resulting from errors or omissions in performance of professional services across various professional service providers, underwritten through AXIS.
- Media Liability Provides professional liability coverage for media-related risks including errors and omissions in media content production and distribution.
- Tech, Telecommunication, Network Security & Privacy Injury Covers technology and telecommunications companies for network security risks including privacy injury liability for data breaches and security incidents.
- Employed Lawyers Liability Protects in-house attorneys and their employers from legal malpractice claims brought by employees, executives, clients, and other parties.
- Insurance Agent & Broker Program Provides professional liability (E&O) coverage for retail, wholesale and MGA insurance agents and brokers through XL Catlin Specialty Insurance Company (and Vault) with up to $5,000,000 in limits capacity, $5,000 minimum retention, and defense in addition to limits available.
Quantifiable outcome
- Quick turnaround for quoting, same-day submissions common
- +1 more outcomes
Companies that use Professional Risk Facilities
Customer profileSegments4 records
Ideal customer profiles3 records
Professional Risk Facilities technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Professional Risk Facilities partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- Vault Commercial (Vault E&S Insurance Company)corePRF announced partnership with Vault Commercial as MGA underwriting management and professional liability coverages on behalf of Vault E&S Insurance Company for D&O, EPLI, Fiduciary, and E&O risks. Program designed for companies with annual revenues up to $500MM for management liability and up to $50MM for E&O. Offers primary limits up to $2MM and excess limits up to $5MM.
- XL Catlin Specialty Insurance CompanycoreXL Catlin provides $5,000,000 in limits capacity for Insurance Agent/Broker Program. A.M. Best Rating A, Class XV. Minimum retention of $5,000 with defense in addition to limits available.
- VaultcorePRF has always associated itself with multiple carriers including CNA, AXIS, and Vault. Vault Commercial partnership enables PRF to offer creative insurance solutions for non-standard market risks.
- CNA (Continental Casualty Insurance Company)corePRF is the Program Administrator for CNA with underwriting authority. CNA has A.M. Best Rating of A, Class XV. Provides D&O, EPLI, Fiduciary, Crime, and Professional Liability coverage through PRF.
- AXIS Reinsurance CompanycorePRF is the Program Administrator for AXIS with underwriting authority. AXIS has A.M. Best Rating of A, Class XV. Provides Miscellaneous Professional Liability coverage through PRF.
Scale indicators3 records
Recent moves6 records
Expansion highlights4 records
Professional Risk Facilities competitors and assessment
Company assessmentBroad incumbents
- Amwins Group: Large wholesale insurance distributor with MGA platforms and significant professional liability specialty practices. Competes with PRF for broker-placed professional liability business, but operates a much broader specialty insurance portfolio across multiple lines.
- CRC Insurance Group: Wholesale insurance broker and program administrator with specialty expertise in professional and management liability. Comparable to PRF as a broker-distributed specialty insurance platform with MGA and program-administrator capabilities.
- Chubb: Large global insurer with dedicated Executive Protection and Professional Liability lines covering D&O, EPLI, fiduciary and professional liability. Comparable to PRF on product set but operates at vastly larger scale across admitted and excess & surplus markets.
- Berkshire Hathaway Specialty Insurance: Specialty carrier with active professional liability and management liability practice targeting mid-market and larger private companies. Overlaps with PRF's D&O and professional liability product focus, but as a balance-sheet carrier rather than delegated-authority MGA.
- Risk Placement Services (RPS): Wholesale insurance broker and MGA platform with dedicated professional liability and management liability expertise. Comparable to PRF on professional liability focus via the wholesale/broker channel, with broader scale and product breadth.
Direct peers
- Woodruff Sawyer: Insurance brokerage specializing in management and professional liability insurance for private and non-profit organizations. Closest direct comparable to PRF on customer segment (privately held companies and non-profits), product set (D&O, EPLI, fiduciary, crime), and broker-distributed model.
- Hiscox: Specialty insurer with strong professional liability, D&O and EPLI products targeted at SMEs and professionals. Directly comparable to PRF on target market (small/mid-market private companies) and product lines (D&O, EPLI, professional indemnity), though at significantly larger scale.
- Tokio Marine HCC: Specialty insurance group with dedicated professional liability and management liability underwriting. Comparable to PRF in product focus (D&O, EPLI, professional liability, media liability) and distribution via wholesale/broker channels.
- Beazley: Specialty insurer with a large professional liability and management liability underwriting platform (D&O, EPLI, professional indemnity, cyber). Comparable to PRF as a specialist provider of professional liability to private and non-profit organizations, though larger and balance-sheet-carrier rather than a pure MGA.
Emerging players
- PL Risk Advisors: Niche professional liability-focused broker/advisor targeting private and non-profit segments for management liability placements. Comparable to PRF on customer segment (private companies, non-profits) and product specialization (D&O, EPLI, professional liability).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Professional Risk Facilities social profiles
Digital presenceProfessional Risk Facilities financial estimates
Financial estimateRevenue estimate
Valuation estimate
Professional Risk Facilities leadership team
Management profileNumber of profiles
Profiles10 records
Professional Risk Facilities funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Professional Risk Facilities 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 Professional Risk Facilities
What does Professional Risk Facilities do?
Professional Risk Facilities is a Managing General Agent (MGA) that underwrites and distributes a portfolio of professional and management liability insurance products on behalf of A-rated carrier partners (CNA, AXIS, XL Catlin, Vault). The company provides Directors & Officers Liability, Employment Practices Liability, Fiduciary Liability, Crime, Not-for-Profit D&O, Miscellaneous Professional Liability, Media Liability, Tech/Telecom/Network Security & Privacy Injury, Employed Lawyers Liability, and an Insurance Agent & Broker E&O program, with capacity up to $5 million limits and quick-turnaround quoting, sold exclusively through insurance brokers and agents.
Is Professional Risk Facilities a public or private company?
Professional Risk Facilities is a private company. It is classified as family owned and is currently operating.
When was Professional Risk Facilities founded?
Professional Risk Facilities was founded in 1992. It employs 1 to 10 people.
Where is Professional Risk Facilities based?
Professional Risk Facilities is headquartered in Jericho, United States, in the North America region.
How does Professional Risk Facilities make money?
One revenue line is on record: insurance Commission Revenue.
Who are Professional Risk Facilities's main competitors?
Broad incumbents on record are Amwins Group, CRC Insurance Group, Chubb, Berkshire Hathaway Specialty Insurance and Risk Placement Services (RPS). Direct peers are Woodruff Sawyer, Hiscox, Tokio Marine HCC and Beazley. PL Risk Advisors is listed as an emerging player.
Does Professional Risk Facilities have an API?
No public API is recorded for Professional Risk Facilities.
What industry is Professional Risk Facilities in?
Professional Risk Facilities's product category is Professional Liability Insurance Underwriting (Managing General Agent). Its primary akta.pro industry code is FSAEADAK, Insurance Program Administration & MGA/MGU Services, with a secondary code of FSAJAGAD, Management Liability (D&O/EPL/Fiduciary). Its NAICS code is 5242 and its SIC code is 6411.