Austin & Stanovich Risk Managers

What Austin & Stanovich Risk Managers does

Austin & Stanovich Risk Managers LLC is an independent risk management consulting and insurance advisory firm based in Holden, Massachusetts, with a second office in North Scituate, Rhode Island. The firm was co-founded in 2008 by William K. Austin and Craig F. Stanovich and operates as a boutique professional services practice that does not sell or place insurance, providing strictly consulting and expert witness services. Following William K. Austin's retirement effective December 31, 2024, the firm continues under the sole leadership of Craig F. Stanovich, whose career in the risk management and insurance industry dates to 1978 and who serves as a national faculty member of the National Alliance for Insurance Education & Research.

The firm delivers four interconnected service lines: Risk Management Consulting (outsourced risk management, insurance program review and analysis, insurance bid management, M&A risk due diligence, and customized educational seminars); Litigation Support (expert witness testimony and consultancy for insurance-related disputes in state and federal courts); Agent and Broker Support Services (technical insurance expertise to support agent and broker client delivery on complex accounts); and Personal Risk Assist (specialized insurance consulting for high net worth individuals with complex personal insurance needs across multiple homes, high-value vehicles, watercraft, fine art, and jewelry). Service delivery is performed directly by firm principals on a per-engagement basis, with content marketing through industry publications (IRMI.com, Best's Review, Providence Business News) supporting top-of-funnel lead generation.

Revenue is generated through consulting fees quoted per engagement, with pricing not publicly disclosed. The firm serves Fortune 100 corporations, governmental entities, international law firms, established insurance agencies and brokers, local organizations, and high net worth individuals, delivering services nationally from its two-office New England base. Marketing is concentrated in thought-leadership content and direct principal-led engagement; the firm has no disclosed external funding, no subsidiaries, no parent company, and no patent or trademark portfolio.

Name

Austin & Stanovich Risk Managers

Legal name

Austin & Stanovich Risk Managers LLC

Website

https://austinstanovich.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

Austin & Stanovich Risk Managers LLC is an independent risk management consulting firm offering outsourced risk management, expert witness litigation support, agent/broker consulting, and personal risk advisory to Fortune 100 corporations, government entities, law firms, and high net worth individuals.

Ownership category

akta.pro rank

Product category

Risk Management Consulting

NAICS

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

SIC

Services-Management Consulting Services (8742)

akta.pro industry

PRIMARYFSAEADAG

Risk Management Consulting (Enterprise & Operational Risk)

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Insurance Brokerage & Risk Advisory

SECONDARYBPAHAFAA

Enterprise Risk Management (ERM) Advisory

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Risk, Compliance & Governance Advisory

SECONDARYBPAHACAJ

Risk, Compliance & Internal Controls Consulting

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Management Consulting

Keywords

• Risk management consulting
• Insurance advisory services
• Expert witness testimony
• Litigation support
• Insurance program analysis

Headquarters

HQ city

Holden

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Risk Management Consulting: Professional consulting services for risk management and insurance advisory. The firm provides outsourced risk management, insurance program analysis, expert witness testimony, and litigation support. Revenue is generated through consulting fees for engagements with businesses, government entities, and law firms.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Austin & Stanovich Risk Managers LLC is an independent risk management consulting and insurance advisory firm that does NOT sell or place insurance. It provides outsourced risk management, insurance program review and bid management, expert witness testimony, litigation support, technical consulting to insurance agents and brokers, and Personal Risk Assist services for high net worth individuals, all delivered as consulting engagements.

Product overview

Austin & Stanovich Risk Managers LLC is an independent risk management consulting and insurance advisory company. The firm operates as a single unified consulting practice offering four interconnected service lines: Risk Management Consulting (outsourced risk management services), Litigation Support (expert witness and consultancy for insurance-related litigation), Agent and Broker Support Services (technical expertise for insurance professionals), and Personal Risk Assist (specialized consulting for high net worth individuals). The company does not sell or place insurance, providing strictly consulting and expert witness services. The firm is based in New England with offices in Massachusetts (Worcester, Holden) and Rhode Island (North Scituate, Providence), serving clients nationally.

Differentiator

Problem solved

Functional benefit

Products and services

• Risk Management Consulting Outsourced risk management consulting for organizations responsible for risk management and insurance purchasing. Includes review, analysis, and comparison of complex insurance programs; identification of coverage gaps and overlaps; insurance bid specification development and proposal evaluation; strategic risk planning; and risk management due diligence for mergers, acquisitions, and divestitures.
• Litigation Support Expert witness testimony and consultancy services for litigation related to risk management and insurance, with experience in state and federal courts throughout the USA. Provided to law firms involved in insurance coverage and risk management disputes.
• Agent and Broker Support Services Technical risk management and insurance consulting provided to insurance agents and brokers to support complex accounts. Includes complex account review, program restructuring, and quality assurance. The firm does not sell insurance through this channel, only provides technical consulting services.
• Personal Risk Assist Specialized insurance consulting service designed for high net worth individuals with complex personal insurance needs, including coverage review for multiple homes, high-valued automobiles, watercraft, travel, fine furnishings, antiques, fine arts, and jewelry.

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves3 records

Expansion highlights3 records

Broad incumbents

• Aon: Global professional services firm providing risk management, insurance brokerage, and reinsurance advisory to large enterprises; comparable client base and risk advisory scope though much broader portfolio than A&S's independent consulting model.
• WTW (Willis Towers Watson): Global advisory, broking, and solutions company with a Risk & Broking segment serving large corporations; comparable enterprise risk advisory service line but operates as a placement-capable broker at scale.
• Marsh McLennan: Global insurance broker and risk advisory firm offering enterprise risk consulting, brokerage, and consulting services to Fortune 100 clients; overlaps with Austin & Stanovich's risk management and insurance advisory work but places insurance as a commission-based broker.
• Arthur J. Gallagher & Co. Global insurance brokerage and risk management services firm; comparable in serving mid-to-large enterprises with risk advisory and program analysis work, though size and broker model differ materially.

Direct peers

• Burns & Wilcox: Specialty insurance brokerage and underwriting manager focused on complex commercial and personal lines; comparable specialty expertise and high-net-worth personal insurance support similar to A&S's Personal Risk Assist.
• Risk Strategies Company: U.S. specialty insurance brokerage and risk management advisor serving large commercial and personal lines clients; offers parallel risk advisory, coverage analysis, and program review services, comparable specialty positioning even though it does place insurance.
• Brown & Riding Insurance Services: Specialty wholesale insurance brokerage providing technical expertise, complex account placement, and consulting support to retail agents and brokers; analogous agent/broker support and complex program review service line.
• HUB International: North American insurance brokerage providing risk management services, commercial property/casualty consulting, and specialty coverage expertise to mid-market and enterprise clients; comparable service mix including complex account review and program restructuring.
• Insurance Office of America: U.S. insurance brokerage and risk management firm serving commercial and personal clients with property/casualty and specialty coverage expertise; comparable agent/broker support and enterprise risk advisory services.

Others

• Deloitte Risk & Financial Advisory: Big Four advisory practice offering enterprise risk management, insurance advisory, and litigation support services to large enterprises; comparable risk advisory and expert testimony capabilities though embedded within a much broader consulting portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/austinstanovich

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Austin & Stanovich Risk Managers