Website: allrisks.com
Category: finance-insurance
City: Hunt Valley
Country: US
Founded: 1996
Employees: 801-1000
**What is All Risks?** All Risks is a wholesale insurance brokerage founded in 1964 and headquartered in Hunt Valley, Maryland. The company specializes in providing insurance products and services to a variety of client businesses rather than individual consumers. It employs over 850 people and merged with Ryan Specialty Group in 2020. All Risks targets insurance agents and brokers who need access to specialty insurance products and programs. **How does it work?** All Risks operates by providing wholesale insurance brokerage services, supplying programs and products through underwriters and managing general agents. Clients can access products and online quoting tools through platforms like RT Connector and QuickHome. The company supports insurance professionals in placing specialty insurance business by offering binding authority and claims handling instructions. All Risks facilitates streamlined insurance placement within the wholesale insurance marketplace. **Products and services** All Risks offers a broad range of specialty insurance programs including standard and niche market products, online quoting, and claims reporting services. It serves managing general agents, insurance brokers, and underwriting managers with wholesale brokerage functions. The company’s offerings include national program business, special event insurance quoting, and binding authority under select insurers. All Risks acts as an intermediary distributing insurance coverage rather than selling directly to retail consumers.
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A lot of users have pointed out that the premiums can feel pretty steep, especially if you only have basic coverage. Some people spent years paying high rates and found themselves regretting it when they had an accident without full coverage.
Some users shared their horror stories after they experienced financial loss because they only had third-party coverage. People often realize too late that opting for full coverage would have saved them from serious expenses.
Yes, users have mentioned that they have access to online quoting tools and platforms like RT Connector and QuickHome, which are pretty handy for insurance professionals. It seems like having those tools makes managing the process a bit easier.
While some users didn't report major problems, there are others who felt that the claims process could be smoother. It's a mixed bag, with some saying they had delays or issues getting claims resolved.
Users generally find that All Risks does provide a variety of specialty insurance products for brokers and agents, which is great for niche coverage. Just be prepared that navigating some options may take a bit of effort.
Many users expressed regret for choosing basic insurance, as it left them vulnerable in the event of an accident. It's better to carefully consider whether full coverage might be worth the extra cost, based on individual needs.