IMCI

What IMCI does

FRP Professional Risk Practice is a specialty insurance brokerage division of Foundation Risk Partners, Corp., founded in 1995 and focused on insurance and risk management solutions for design professionals and adjacent professional service firms across the United States. The firm serves more than 2,500 customers spanning architects, engineers, surveyors, environmental consultants, lawyers, CPA/financial advisors, subsurface utility engineers, and contractors, ranging from sole practitioners to ENR500 firms. Its core offering is Professional Liability insurance, extended by a 16-product suite that includes General Liability, Workers' Compensation, Cyber Liability, D&O, EPLI, Management Liability, Property Liability, Commercial Automobile, Excess/Umbrella Liability, Drone/Aviation Liability, Field Equipment, Health Insurance, Life Insurance, and Employee Benefits Programs.

The underlying capability is a data-driven analytics workflow used to match customer exposures to carrier appetite and to deliver custom-tailored coverage recommendations, supported by guided annual assessments, contract reviews, and educational materials. Delivery is sales-led, with a regional phone contact center footprint (Southeast, Mid-Atlantic, National) and online inquiry capture, plus a collaborative network of insurance carriers, legal partners, and financial partners that extends the value proposition from pure placement into integrated risk advisory.

Revenue is generated primarily through commissions on recurring annual insurance premiums across the multi-product book, with renewal cycles producing predictable, repeating book economics. Pricing is quote-based and not publicly disclosed, the firm is privately held with no disclosed institutional ownership, and no public capital-raising, M&A, or IPO activity is referenced in the source material.

Name

IMCI

Legal name

Foundation Risk Partners, Corp.

Website

https://imcipls.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

1–10 employees

Short description

FRP Professional Risk Practice is a US specialty insurance brokerage, founded in 1995, serving 2,500+ design and professional service firms with a 16-product coverage suite anchored on Professional Liability.

Ownership category

akta.pro rank

Product category

Specialty Insurance Brokerage

NAICS

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

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Professional Liability (Errors & Omissions) (FSAJADAB)

akta.pro secondary industries

Professional Liability (E&O) (FSAJAGAC), Mid-Market Commercial Package (Package Policies) (FSAJAFAB)

Keywords

• Professional liability insurance
• Specialty insurance brokerage
• Risk management services
• Commercial insurance products
• Design professional insurance

Headquarters

HQ city

Davidson

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: The company generates revenue through insurance premiums charged to professional service firms. Coverage includes professional liability, general liability, umbrella, auto, property, workers' compensation, cyber-security, and employee benefits. Revenue is recurring in nature as policies require annual renewal.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

FRP Professional Risk Practice is a specialty insurance brokerage that designs, places, and services custom-tailored insurance and risk management solutions for design professionals and other professional service firms. Its core offering is an integrated portfolio of coverage types including Professional Liability, General Liability, Workers' Compensation, Cyber Liability, Commercial Auto, Property, D&O, EPLI, Management Liability, Fiduciary Liability, Health, Life, Excess/Umbrella, Drone/Aviation Liability, and Field Equipment Insurance, paired with contract review, guided renewal assessments, risk management education, and comprehensive employee benefits programs.

Product overview

FRP Professional Risk Practice is an insurance brokerage offering a unified portfolio of specialty insurance products and risk management solutions for design professionals. The core offering includes Professional Liability Insurance as the primary product, supplemented by a comprehensive suite of coverage types including General Liability, Workers' Compensation, Cyber Liability, Commercial Automobile, Property Liability, D&O, EPLI, Management Liability, Fiduciary Liability, Health Insurance, Life Insurance, Excess/Umbrella Liability, Drone/Aviation Liability, and Field Equipment Insurance. Services also include Employee Benefits Programs. The company leverages data-driven analytics to provide custom-tailored insurance solutions serving over 2,500 professional service firms nationwide, from sole practitioners to ENR500 firms.

Differentiator

Problem solved

Functional benefit

Products and services

• Professional Liability Insurance
• General Liability Insurance
• Workers' Compensation Insurance
• Cyber Liability Insurance
• Commercial Automobile Insurance
• Property Liability Insurance
• Directors & Officers (D&O) Insurance
• Employment Practices Liability Insurance (EPLI)
• Management Liability Insurance
• Fiduciary Liability Insurance
• Employee Benefits Programs
• Excess Liability and Umbrella Insurance
• Drone/Aviation Liability Insurance
• Field Equipment Insurance
• Contract Review Services
• Guided Annual Renewal Assessment
• Risk Management Education and Presentations

Quantifiable outcome

• More than 2,500 professional service firms nationwide trust FRP for risk management solutions

Segments8 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core.

• Insurance Carriers NetworkcoreOthersFRP Professional Risk Practice maintains a collaborative network of insurance carriers who are proficient in covering design professional risks. The company generates multiple solutions to meet client needs by providing access to more insurance carriers than typical brokers.
• Legal Partners NetworkcoreImplementation/ SI/ Consulting PartnerCollaborative network of legal partners providing contract review services, indemnification obligation analysis, and insurance-related legal counsel for professional service firm clients.
• Financial Partners NetworkcoreStrategic or Co-development PartnerCollaborative network of financial partners supporting the comprehensive insurance and employee benefits programs for professional service firms.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Ames & Gough: A specialty insurance brokerage exclusively focused on providing professional liability and risk management solutions to design professionals, including architects and engineers. Closely comparable in customer base, product offering, and niche specialization to FRP Professional Risk Practice.
• Brown & Riding Insurance Services: Specialty wholesale insurance brokerage with expertise in professional liability for architects, engineers, and other design professionals. Comparable to FRP in serving the same niche with specialty placement expertise and multiple carrier relationships.
• Victor Insurance Managers: Specialty insurance manager and MGA with delegated authority programs for professional liability and excess lines serving design professionals and other specialty niches. Comparable in distribution model and target segments to FRP Professional Risk Practice.
• RPS (Risk Placement Services): A specialty insurance brokerage and underwriting manager offering professional liability and excess coverage for design professionals, architects, engineers, and contractors. Directly comparable in serving the same specialty lines and target customer segments as FRP.
• Design Professionals Insurance Company: A specialty insurance carrier focused on professional liability coverage for design professionals. While operating as a carrier rather than broker, it serves the same design professional customer base with overlapping product lines, making it a directly comparable competitor for FRP's core market.

Emerging players

• Beazley: Specialty insurer with a dedicated professional liability division covering architects, engineers, lawyers, and other design and professional services firms. Competes with FRP in the design professional liability space, though operating as a carrier rather than broker.
• Hiscox: Specialty insurer with growing professional liability offerings for small and mid-market professional services firms including design professionals. Represents a more digitally-focused competitor that targets some of FRP's smaller end of the client spectrum.

Broad incumbents

• Aon: Global insurance brokerage and advisory firm with a dedicated construction services group serving design professionals. Overlaps with FRP in professional liability brokerage for design firms but operates at significantly larger scale across multiple lines of business.
• Willis Towers Watson (WTW): Global advisory and brokerage firm with established design professional and construction insurance practices. Competes with FRP for enterprise architecture and engineering clients while providing broader risk management and consulting capabilities.
• Marsh McLennan: One of the world's largest insurance brokerages with a dedicated construction and design professional practice serving architects, engineers, and contractors globally. Competes with FRP at the enterprise end of the design professional market while offering a much broader portfolio of services.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/TheIMCI
• Facebookfacebook.com/nexusprorisk
• LinkedInlinkedin.com/company/insurance-management-consultants-inc.

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 IMCI