Risk Avoidance Managers Inc

What Risk Avoidance Managers Inc does

Risk Avoidance Managers, Inc. (RAM) is a privately held insurance brokerage headquartered in St. Petersburg, Florida, specializing in professional liability and cyber liability coverage for three professional verticals: law firms, accounting/CPA firms, and financial planners. The firm has operated for 15+ years and reports a client base of 425+ organizations across these segments (195 law firms, 145 accounting firms, 85 financial planners), all located within Florida. RAM does not underwrite policies; rather, it operates as an intermediary, guiding clients through policy selection and earning commissions on premiums placed with carrier partners.

The company's product portfolio comprises two core lines — Professional Liability Insurance (segmented into Law Firms, CPA Firms, and Financial Planners sub-products) and Cyber Liability Insurance — delivered through an inside sales model centered on phone-based consultation and website-driven lead capture. There is no proprietary technology platform, no digital quoting engine, and no disclosed AI capabilities; the go-to-market relies on direct outreach, referral relationships, and content on the company website. Operations are run by a lean team of 1-10 employees out of a P.O. Box address in St. Petersburg.

Revenue is generated entirely through commission streams on insurance policies placed with carrier partners, with an annual renewal cadence producing subscription-like recurring economics. Pricing is quote-based and varies by client risk profile, coverage scope, and policy terms; no public pricing is disclosed. The firm holds no patents, certifications, partnerships, or third-party endorsements visible in the source data, and there is no indication of institutional ownership, funding rounds, or pending strategic transactions.

Name

Risk Avoidance Managers Inc

Legal name

Risk Avoidance Managers, Inc.

Website

https://riskavoidancemanagers.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Insurance Brokerage Services

NAICS

Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro industry

PRIMARYFSAEADAJ

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines)

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

SECONDARYFSAEADAG

Risk Management Consulting (Enterprise & Operational Risk)

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

Keywords

• Professional liability insurance
• Cyber liability insurance
• Insurance brokerage services
• Errors and omissions coverage
• Professional services insurance

Headquarters

HQ city

St. Petersburg

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. Insurance Premium Commissions: RAM generates revenue through commissions on insurance policies sold to clients. As an insurance broker/agent, they earn a percentage of premiums paid by clients for professional liability and cyber liability coverage. Revenue is recurring in nature as policies are renewed annually.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Risk Avoidance Managers Inc is an insurance brokerage that provides professional liability and cyber liability insurance to law firms, CPA firms, and financial planners operating in Florida. The firm acts as a guide through the insurance selection process, sourcing coverage from carriers and offering personalized advisory support to match clients with policies tailored to their professional risk exposure. Revenue is generated through commissions on the insurance premiums placed with carriers.

Product overview

Risk Avoidance Managers Inc is an insurance brokerage offering two core insurance products: Professional Liability Insurance and Cyber Liability Insurance. Professional Liability is organized into three targeted market segments—Law Firms, CPA Firms, and Financial Planners—all operating within the state of Florida. The company positions itself as a guide through the liability insurance selection process, emphasizing personalized service and coverage tailored to specific business needs. The portfolio is focused on protecting professional service firms from financial losses due to errors, omissions, data breaches, and cyber threats.

Differentiator

Problem solved

Functional benefit

Products and services

• Professional Liability Insurance Professional liability insurance brokerage service that provides guidance through the insurance selection process for law firms, CPA firms, and financial planners in Florida, offering coverage tailored to each firm's specific professional negligence, errors, and omissions exposure.
• Cyber Liability Insurance Insurance coverage brokered for businesses against data breaches, cyber crime, and ransomware attacks, protecting sensitive documents, personal information, and financial assets at risk from cyber threats.
• Law Firms Coverage Specialized professional liability (malpractice) insurance brokerage solutions for law firms operating in Florida, addressing malpractice claims, errors and omissions, and professional negligence exposure.
• CPA Firms Coverage Professional liability (E&O) insurance brokerage coverage designed for certified public accounting firms operating in Florida, addressing accounting errors, tax advice liability, and audit negligence exposure.
• Financial Planners Coverage Professional liability insurance brokerage solutions tailored for financial planners and wealth management professionals in Florida, covering financial advice errors, investment recommendation liability, and related cyber liability exposure.

Quantifiable outcome

• Client database includes 195 Law Firms, 145 Accounting Firms, and 85 Financial Planners

Named customers3 records

Segments3 records

Ideal customer profiles3 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 highlights4 records

Broad incumbents

• Lockton: Largest independent insurance brokerage in the US, with dedicated professional services and cyber practices. Competes with RAM on the same product lines, but serves larger enterprises via a multi-national platform.
• Markel: Specialty insurer with significant professional and cyber liability offerings across professional services verticals. Comparable product mix to RAM but at far greater scale and national/geographic reach.
• Marsh McLennan: Global insurance brokerage and risk advisory firm with extensive professional liability and cyber practices. Operates in the same product space as RAM but at enterprise scale across all US states.
• Travelers: Large national P&C insurer with a professional liability and management liability franchise serving law, accounting, and financial services firms. A broad incumbent in RAM's product categories at significantly greater scale.
• The Hartford: Major P&C carrier with a small commercial and professional liability book serving professional services firms. Comparable product overlap with RAM in professional liability for SMBs, distributed through agents and direct channels.
• Aon: Global professional services and risk management firm offering professional liability and cyber brokerage to commercial clients. A large incumbent in the same product categories RAM serves.

Emerging players

• Next Insurance: Digital-first small business insurance platform that binds professional liability and cyber liability online in minutes. Competes with RAM for the same small professional firm customer, but via a self-service model rather than advisory.

Direct peers

• Beazley: Specialty insurer with a strong professional lines and cyber liability franchise, including coverage for law firms, accountants, and financial institutions. Comparable to RAM in product mix and professional services customer base.
• Pearl Insurance: Specialty insurance broker providing professional liability and E&O coverage for accountants, attorneys, and financial professionals. Closely comparable to RAM in vertical focus (law, accounting) and specialty line emphasis.
• Hiscox: Specialty insurer and online broker offering professional liability and cyber liability policies to small and mid-sized professional services firms. Directly competes with RAM in the same product lines and small-firm customer segment.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/risk-avoidance-managers-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 Risk Avoidance Managers Inc