Risk Management Services, LLC

What Risk Management Services, LLC does

Risk Management Services, LLC, doing business as Long Island Insurance Advisors, is an independent risk management consulting firm headquartered at 7A Irma Ave., Port Washington, NY. Founded by MaryAnn Sackman after she sold her prior firm RMI Consulting, Inc. to Wright Insurance Group, the firm operates on a fee-for-service basis and, by design, does not sell insurance products. This structural choice positions the firm as an objective advisor that works alongside clients' existing brokers and agents, helping them manage insurance portfolios, identify exposure to loss, evaluate coverage adequacy, and design custom insurance programs through a competitive bidding process.

The service portfolio is organized around a five-pillar framework — Risk Assessment, Identify Risk, Mitigate Risk, Transfer Risk, and Insure Risk — supplemented by coverage analysis, feasibility and due diligence, claims management, disaster planning, crisis management, and contract compliance reviews. The firm claims advisory expertise across 25+ insurance lines, including property, casualty/general liability, workers compensation, D&O, professional liability, marine (P&I, hull, ocean, inland), pollution liability, surety, employment practices liability, and umbrella/excess. The underlying methodology is human-judgment-based: extensive checklists, organizational chart review, on-site inspections, and loss history analysis.

The business is a privately held LLC with no institutional investors, no funding events, and no disclosed headcount. Go-to-market is sales-led and regional, targeting businesses in Nassau County, Suffolk County, New York City, and beyond, primarily through direct engagement, free insurance reviews, referral programs, and a modest digital presence (Facebook, Instagram, blog). Leadership comprises President MaryAnn Sackman (35+ years experience, prior RMI Consulting exit) and Vice President Geris H. Hernandez (multi-industry operating background). Revenue is generated via professional-services fees; no revenue figures are publicly disclosed.

Name

Risk Management Services, LLC

Legal name

Risk Management Services, LLC

Website

https://riskmgmtllc.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Risk Management Services, LLC (dba Long Island Insurance Advisors) is an independent, fee-for-service risk management consulting firm in Port Washington, NY that advises Long Island and NYC businesses on insurance portfolio management, risk assessment, and custom coverage design without selling insurance.

Ownership category

akta.pro rank

Product category

Risk Management Consulting

NAICS

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

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro industry

PRIMARYFSAEADAG

Risk Management Consulting (Enterprise & Operational Risk)

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

SECONDARYBPAHACAJ

Risk, Compliance & Internal Controls Consulting

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

Keywords

• Risk management consulting
• Insurance advisory services
• Risk assessment services
• Insurance program design
• Commercial risk consulting

Headquarters

HQ city

Port Washington

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, Others

Revenue model

1. Fee-based Risk Management Consulting: The company operates on a fee-for-service basis as independent risk management advisors. They do not sell insurance products, allowing them to remain objective and work alongside clients' existing brokers and agents. Revenue is generated through consulting fees for risk assessment, coverage analysis, and custom insurance program design services.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Risk Management Services, LLC is an independent risk management consulting firm that advises businesses on managing their insurance portfolios, identifying exposure to loss, and designing cost-effective insurance and risk transfer programs. The firm does not sell insurance; instead it works alongside clients' existing brokers and agents on a fee-for-service basis to deliver risk assessment, coverage analysis, custom insurance program design, claims management, crisis/disaster planning, and risk transfer contract reviews. Services are organized around five core steps: Risk Assessment, Identify Risk, Mitigate Risk, Transfer Risk, and Insure Risk.

Product overview

Risk Management Services, LLC is an independent risk management consulting firm that offers a comprehensive suite of advisory services to help businesses manage their insurance portfolios and mitigate risk. The company's core services include Risk Assessment, Identify Risk, Mitigate Risk, Transfer Risk, and Insure Risk. These services are complemented by Coverage Analysis, Feasibility Analysis & Due Diligence, and Custom Insurance Program Design. The firm provides advisory services across 23+ insurance types including Builder's Risk, Casualty/General Liability, D&O, Professional Liability, Workers Compensation, Property, Umbrella/Excess Liability, Marine, and others. Unlike insurance agents or brokers, Risk Management Services does not sell insurance, allowing them to act independently and objectively on behalf of their clients to protect companies against risk.

Differentiator

Problem solved

Functional benefit

Products and services

• Risk Assessment Core consulting service that learns about clients' business operations and accumulates information necessary to identify exposure to loss using extensive checklists, organizational charts, personal inspections, and loss history analysis. For business clients.
• Identify Risk Identifies items of value exposed to loss or that can cause a loss, analyzing likelihood of loss occurrence and severity of exposure to rank exposures according to importance. For business clients.
• Mitigate Risk Applies loss prevention, loss reduction, separation, avoidance, insurance transfer, and non-insurance transfer techniques to change exposure to loss and reduce loss frequency and severity. Includes analysis of how best to transfer risk, review of safety and loss control procedures, insurance claim control procedures, and claim review meetings with carriers. For business clients.
• Transfer Risk Shifts the financial consequences of loss elsewhere through review of leases, construction contracts, purchase orders, and rental agreements to establish effective risk transfer. For business clients.
• Insure Risk Provides cost-effective insurance solutions for business risks that cannot be avoided or minimized, helping clients insure their business properly. For business clients.
• Coverage Analysis In-depth coverage review to determine gaps in coverage, insurance costs, and advisable services. For business clients.
• Feasibility Analysis & Due Diligence Determines comfortable, self-insured retentions of risk for clients. For business clients.
• Custom Insurance Program Design Develops a competitive marketing package specifically designed to the needs of the client company, using a bidding process to brokers and companies to ensure maximum coverage at competitive pricing. For business clients.
• Insurance Claims Management Advisory Advisory services for managing insurance claims effectively, including implementation of insurance claim control procedures and claim review meetings with carriers to expedite closing of claims, particularly for workers' compensation and general liability. For business clients.
• Crisis Management Advisory Advisory services for crisis management planning and response. For business clients.
• Disaster Planning Advisory Advisory services for disaster planning and business continuity. For business clients.
• Risk Transfer Contract Reviews and Compliance Contract review and compliance services for risk transfer across leases, construction contracts, purchase orders, and rental agreements. For business clients.
• Commercial Insurance Line Advisory Specialized advisory services across multiple commercial insurance lines including Builder's Risk, Casualty/General Liability, Directors & Officers Liability, Professional Liability (E&O), Marine P&I and Hull, Ocean Marine, Inland Marine, Workers Compensation and Employers Liability, Business Interruption, Umbrella and Excess Liability, Property, Employment Practices Liability, Pollution Liability, Life, Medical, Surety, and Fidelity Bond coverage. For business clients.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Willis Towers Watson (WTW): Global advisory, brokerage, and solutions firm covering risk management, insurance, and actuarial consulting. Comparable services (risk assessment, coverage analysis, claims management) offered at enterprise scale.
• Brown & Brown, Inc. Large national insurance brokerage providing commercial risk management and insurance placement services. Competes for the same middle-market commercial clients in the Northeast for risk advisory and program design work.
• Aon: Global professional services firm offering risk management, insurance brokerage, and reinsurance solutions. Overlaps directly with Risk Management Services' enterprise risk advisory and coverage analysis offerings but as part of a broad global portfolio.
• Marsh McLennan: Global insurance brokerage and risk advisory powerhouse (parent of Marsh, Guy Carpenter, Oliver Wyman). Overlaps substantially with Risk Management Services' risk advisory and insurance program design capabilities but at far greater scale and geographic reach.
• USI Insurance Services: Large U.S. insurance brokerage serving middle-market commercial clients with risk advisory, program design, and claims management. Competes for similar property, casualty, and specialty risk advisory engagements in the NY metro.
• Hub International: North American insurance brokerage offering commercial risk management, claims, and employee benefits services. Comparable product set with a regional office model that includes Long Island/NY presence.

Direct peers

• Crystal & Company: Privately held insurance broker based in the New York metro area focused on commercial risk management and advisory services. Comparable geography (NY/tri-state) and emphasis on customized insurance program design for middle-market clients.
• Risk Strategies Company: National specialty insurance brokerage and risk advisory firm offering independent risk management consulting across many of the same lines (D&O, professional liability, property, casualty, cyber). Highly comparable as an advisor-led intermediary serving commercial clients.
• Conner Strong & Buckelew: Insurance brokerage and risk management consulting firm serving the Mid-Atlantic and Northeast. Comparable product mix: risk assessment, coverage analysis, claims management, and custom program design for commercial accounts.
• SterlingRisk: Independent risk management and insurance advisory firm on Long Island providing risk consulting, claims management, and program design to commercial clients. Highly comparable in geography (Long Island) and service mix.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/RiskMGMTLLC
• Instagraminstagram.com/riskmgmtllc
• LinkedInlinkedin.com/company/rmsllc

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 Risk Management Services, LLC