If you are looking for an independent commercial insurance consultant, contact us. We are commercial insurance consultants independent of any insurance broker, company, or lobbyist providing impartial advice and the best value to business and investors. We reword and trigger commercial insurance policies for maximum compliance, enhanced protection, and the lowest cost that we can contractually guarantee. Management can either have us negotiate directly with brokers or do the negotiations themselves while relying on our world-leading analytics. As independent insurance consultants, we provide unbiased advice to businesses, are not allowed to earn commission, and have skin in the game during claims.
DeshCap is ranked online #1 for Liability Risk worldwide.
Commercial Insurance Consultants vs. Brokers
Many commercial insurance brokers call themselves independent insurance consultants in order to boost their marketing and branding. However it is important to note that an independent insurance consultant should technically be impartial and not be compensated in any way, shape or form, from an insurance company or other insurance lobbyist. The profession and ethical standards of an independent commercial insurance consultant should be strictly aligned with the interests of the business or investor buying the commercial insurance (ie. the insured or policyholder). This applies to all types of commercial insurance products.
It is worth noting that many businesses and investors fall for the marketing of insurance brokers calling themselves independent insurance consultants when in fact they are compensated either directly or indirectly by insurance companies. In fact, the indirect compensation, that is rarely disclosed to business and investors, can be much greater than the direct compensation of insurance brokers.
In some countries, there are different regulatory bodies applying to insurance brokers and commercial insurance consultants.
Services offered by commercial insurance consultants
As commercial insurance consultants, we offer four types of insurance consulting services to business and investors:
- Independent Audit of Insurance -> an audit on the policies and quotes you received from insurance brokers or insurers
- Management of Commercial Insurance --> an end to end service including negotiations with brokers and claims management
- Analytics for Commercial Insurance --> a back-office solution providing you with analytics for your own negotiations with brokers and claims management
- A La Carte corporate insurance services --> pick and choose what individual services you wish to have
Business Insurance Consultants
Business insurance consultants are the same as commercial insurance consultants. A Business insurance consultant who is truly independent must have a separate license from brokers, such as being licensed as a risk management consultant. An independent business insurance consultant should not be affiliated to any insurance broker or lobbyist through ownership or compensation. If you are looking for an independent business insurance consultant, contact us.
Insurance Consultant by Product
There can be business insurance consultants who are experts in specific commercial insurance products, including but not limited to the following:
- errors & omissions insurance consultants or professional liability insurance consultants
- corporate insurance consultants
- liability business insurance consultants
- D&O insurance consultants
- Commercial Property Insurance consultants
- Energy Insurance consultants
Corporate Insurance Advisors
Corporate Insurance Advisors, aka. corporate insurance consultants, have more or less a similar role as commercial insurance consultants with the exception of them focusing on larger insurance programs bought by multinationals or large enterprises. Corporate Insurance Advisors who are truly independent must have a separate license from brokers. Some global insurance brokers 'lend out' corporate insurance advisors to companies, which is not considered to be good insurance management practice. Contact us if you are looking for a corporate insurance advisor.
Business Insurance Advisor
Also known as a business insurance consultant, a business insurance advisor should be independent of any broker or lobbyist and have high insurance technical abilities. It is important to understand the difference between the role of a business insurance advisor versus that of a commercial insurance broker. The broker should be an expert in distribution and insurer negotiations whereas the business insurance advisor should be a technical expert on coverage and be compensated by the business (not by the insurer). A broker is not involved in claims whereas the business insurance advisor is, and the business will also achieve lower insurance costs when dealing with business insurance advisors as they are not compensated to sell. It is important to note business insurance advisors work alongside brokers and do not substitute them. The business insurance advisor can either provide analytics to management for their execution with a company insurance broker, or execute with brokers directly on behalf of management. Contact us if you are looking for business insurance advisors.
Commercial Insurance Advisor
A commercial insurance advisor is the same as a business insurance advisor and can assist the business in hiring the right insurance broker in addition to enhancing protection and lowering insurance cost. Contact us if you are looking for a commercial insurance advisor.
Business Insurance Consulting
There are misconceptions that business insurance consulting is the same as insurance brokering. These misconceptions are amplified by the fact that many brokers market themselves as insurance consultants or insurance experts, which is technically false. Also many jurisdictions do not have licensing for business insurance consulting that is separate and distinct from that of insurance brokering. However, some jurisdictions do require business insurance consultants to have a technical license and be independent of any insurance broker (ex. Risk Management Consultants of Ontario, RMCO, based in Canada).
Insurance Consulting Services
Insurance consulting services are wide and can focus on different types and segments of insurance. For example, insurance consulting services focused on personal insurance will be different than those focused on commercial insurance. In addition, insurance consulting services can be provided to individuals, businesses and investors, or to insurance providers themselves such as brokers and insurers. It is therefore important for any business to dive deeper into the kind of insurance consulting services they are seeking while matching the expertise of the insurance consultants they want to hire accordingly.
Insurance Consultant vs Agent
An agent represents one or more insurers and essentially acts an insurance broker whereby they are compensated by the insurer they represent. Whereas an insurance consultant should be independent of any insurance broker, agent, company, or lobbyist. As a result the insurance consultant should be compensated by the business only and act in the best interest of the insured. BEWARE of agents and brokers calling themselves insurance consultants and/or independent.
Independent Insurance Consultants
For the business to have impartial advice, the insurance consultant must be independent of any insurance broker, company, or lobbyist. It is important for the business to dive deep into the licensing, operations, and expertise of independent insurance consultants to ensure that they are truly independent and not being compensated by insurance brokers or other lobbyists.
Insurance Consultants
Insurance consultants can specialize in specific areas of insurance such as personal lines (home, auto, etc.), life insurance, or business insurance.
Business Consultant Insurance
It is important to distinguish between a business consultant (ex. management consultant) and a business consultant focusing purely on insurance. Management searching for Business Consultant Insurance must also know that there are different types of insurance consultants such as insurance cost consultants and technical insurance consultants. If Management prioritizes compliance and protection, then a technical insurance consultant would be a better fit as they are trained technically and do not drive down premium the expense of protection or compliance. So it is very important for Management to understand their own intent and hire right when searching for Business Consultant Insurance.
Consultant Business Insurance
See above if the intent is to hire a consultant focused on business insurance.
Property Insurance Consultants
Property insurance consultants provide expert guidance to help you secure the best coverage for your residential or commercial properties. With in-depth knowledge of the insurance industry, these consultants assist in evaluating risks, comparing policies, and ensuring you get tailored coverage that meets your needs. Whether you’re looking to protect against natural disasters, liability, or property damage, working with property insurance consultants ensures you maximize your investment while minimizing potential risks. Discover the benefits of professional advice in navigating the complex world of property insurance today. Contact us if you are looking for property insurance consultants.
Liability Insurance Consultants
Liability insurance consultants are experts dedicated to helping individuals and businesses find the best liability coverage for their unique needs. Whether you’re looking to protect your business from legal claims, personal liability, or professional risks, these consultants offer personalized advice to ensure you’re covered against potential lawsuits and damages. By working with liability insurance consultants, you can confidently navigate complex policy options, minimize financial risks, and safeguard your assets. Get professional guidance today to secure the right liability insurance and protect your future. Contact us if you are looking for liability insurance consultants.
Insurance Consultant Variations
Other popular queries or variations for risk and insurance consultants independent of brokers and insurers include:
- insurance consultants
- consultants insurance
- risk and insurance consultants
- risk insurance consultants
- commercial insurance consultant
- professional insurance consultants
- corporate insurance consultants
- financial insurance consultants
- independent insurance consultant
- insurance consultant companies
- independent insurance consultants
- liability insurance consultant
- best insurance consultants
- independent risk management and insurance consultants
- finance and insurance consultant
- risk & insurance consultants
- business consultant insurance
- consultant business insurance
- insurance consultant companies for business
- freelance insurance consultant
- expert insurance consultant
- hire insurance consultant
- insurance consultant services
- general insurance consultants
- professional insurance consultants
- specialty insurance consultants
- insurance consulting: it can mean various types of consulting such as consulting to the insured, consulting to the insurer, or consulting across various types of insurance products (personal, life, commercial);
- insurance consulting services: these services range from actuarial to risk management to policy or other insurance services. Take a look at a comprehensive list of business insurance services (aka. commercial insurance services);
- insurance consulting companies: these range from the Big 4 who primarily provide management consulting to insurers and brokers, to insurance claim consultants who specialize in triggering insurance policies on behalf of the insured independently of brokers, to other types of insurance consulting companies;
- insurance consulting company: DeshCap is an insurance consulting company that is independent of any insurance broker or lobbyist. Contact us.
- insurance consulting firms: see above description of insurance consulting companies;
- insurance consulting team: a team that should be independent when consulting either a policyholder, broker, or insurer. Learn about DeshCap's insurance consulting team;
- insurance consulting agency: this term is inherently flawed because an insurance consulting company should be independent from any insurance agency;
- best insurance consulting firms: we believe DeshCap is one of the best commercial insurance consulting firms; our team can also assist you in selecting insurance consulting firms that best fit your needs;
- top insurance consulting firms: we consider DeshCap to be one of the top insurance consulting firms.
- best insurance consulting company: we consider DeshCap to be a best insurance consulting company.
- risk & insurance consulting services: these services would connect insurance to risk as opposed to looking at one or the other seperately, which produces more accurate results. Take a look at our comprehensive list of risk and insurance services;
- property insurance consulting: consulting to policyholders or insurance providers related to property insurance specifically. This includes quantification of property risks, property insurance premium benchmarking, property insurance claims management, etc. Contact us for commercial property insurance consulting;
- liability insurance consulting: consulting to policyholders or insurance providers related to liability insurance. This includes quantification of liability risks, liability insurance policy reviews, claims management, and other services. Contact us for liability insurance consulting;
- independent insurance consulting: insurance consulting independent of any insurance broker or lobbyist. DeshCap provides independent insurance consulting to businesses;
Insurance Consulting per Geography
These are popular online queries for insurance consulting in different countries, states, and cities. Contact us for insurance consulting in any of the below geographies or beyond as our insurance consulting services are geography agnostic.
- US insurance consulting: New York insurance consulting; Houston Texas insurance consulting; California insurance consulting; Florida insurance consulting;
- Canada insurance consulting;
- UK insurance consulting;
- Australia insurance consulting;
- New Zealand insurance consulting;
- EU insurance consulting.
Insurance Consulting per Industry
These are popular online queries for insurance consulting in different industries. Contact us for insurance consulting in any of the below industries or beyond as our insurance consulting services are industry agnostic.
- Manufacturing insurance consulting
- Technology insurance consulting
- F&B insurance consulting
- Energy insurance consulting
- Financials insurance consulting
- Construction insurance consulting
Disclaimer
This content is independent of any content coming from insurance brokers, insurers, or any insurance lobbyists. Commercial insurance is rarely taught in schools, and when it is, it’s mostly done through the lens of brokers or insurers. There are many misconceptions around commercial insurance consultants, like many other topics in commercial insurance, due to bad habits acquired through the over reliance on insurance brokers or insurers or information providers who are lobbied by them. It is also important to note that commercial insurance has both an operational aspect and a legal aspect, on which we put weights of 95% and 5% respectively in terms of importance to protecting a business and investors (the point is that going to court to enforce coverage defeats the purpose of buying insurance, so you want to make sure that whatever insurance you buy protects your business right, based on operational data, and pays out fast on large losses).