To hire risk management consultants, risk and insurance consultants, or a risk manager anywhere in the world: contact us.
DeshCap is a tech-driven risk advisor and ranked online # 1 for Liability Risk worldwide. We measure risks (physical, financial, and cyber) and change insurance sold by brokers (property, liability, credit, etc.) to integrate it within your risk management framework. This results in maximum compliance, enhanced operational protection, financing, and valuations, and reduced cost that we can contractually guarantee.
We are independent of any insurance broker, company, or lobbyist; do not earn commissions; and have skin in the game at loss.
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Get a tailored Strategy Session for your business or investment with one of our experts with a turnaround within 24hrs upon payment of $500. It's quick and easy.
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Our team is independent of any insurance broker or lobbyist, does not earn commissions, and has skin in the game.
‍Our expertise at DeshCap contributes to the development of effective risk management strategies including auditing, rewording, and triggering the language of Operational Insurance for optimal results to business and investors.
What is Risk Management Consulting
Risk management consulting is a professional service designed to help businesses identify, assess, mitigate, and monetize potential risks that could impact their operations, assets, or reputation. These risks can include financial, operational, regulatory, cyber, or environmental threats. A risk management consultant works closely with organizations to develop customized strategies, such as implementing risk controls, structuring commercial insurance, ensuring regulatory compliance, and preparing for unforeseen disruptions. By leveraging expertise and tools, consultants help businesses minimize losses, optimize decision-making, and protect their long-term growth. Whether you’re a small business or a large corporation, risk management consulting is essential for proactively safeguarding your assets and navigating uncertainties in today’s fast-changing world.
About Risk Management Consultants
Risk management consultants are professionals who help organizations identify, assess, and mitigate potential risks. They may work with businesses in a variety of industries to develop strategies for managing risk and minimizing the impact of potential adverse events on the organization.
Risk management consultants typically have a strong background in business and finance, and may have specialized knowledge in areas such as insurance, regulatory compliance, or project management. They may work with organizations to identify potential risks that could affect the business, such as financial risks, operational risks, or legal risks. Once risks have been identified, risk management consultants may help organizations develop strategies for mitigating or eliminating these risks, such as implementing new policies or procedures or purchasing insurance.
Risk management consultants may also be involved in developing contingency plans for dealing with risks that cannot be eliminated, and may work with organizations to implement these plans in the event of an adverse event. They may also provide training and guidance to employees on how to identify and manage risks within their areas of responsibility.
Licensing of Risk Management Consultants
Risk management consultants are professionals who are licensed by a regulatory body to provide advice on various risk management and insurance specialties and they are independent of insurance brokers or insurance companies (ie. they should not be owned or compensated by brokers or insurers so that there is no conflict of interest).
‍Beware of insurance brokers or unlicensed consultants who call themselves risk consultants or risk management consultants, they may do so for marketing purposes even though they are licensed as an insurance broker, so it is best to always ask for a copy of a professional’s active license to make sure that it is distinct from an insurance broker license. Some global firms do have separate departments for insurance broking and risk consulting, yet most do not adopt chinese walls between such departments hence creating a conflict of interest to the detriment of their clients.
Risk Management Consultants of Ontario
Abbreviated RMCO, it is a regulatory body that provides licensing to risk management consultants operating in Ontario, and which operates under the purview of The Office of the Superintendent of Financial Institutions (OSFI). This is due to the fact that risk management consultants or insurance consultants must be licensed within the province of Ontario. RMCO is a different entity from the Registered Insurance Brokers of Ontario (RIBO), the latter primarily licensing insurance brokers. Our team at DeshCap holds an active license from the Risk Management Consultants of Ontario (RMCO).Â
Truly independent insurance consultants must NOT be owned nor compensated by any insurance broker or insurance company, AND must be licensed by a regulatory body that governs risk management consultants or insurance risk consultants providing a unique license that is different from that provided to brokers or insurers. BEWARE of insurance brokers posing as independent insurance consultants. There is a substantial conflict of interest if a consultant is both a broker and a risk management consultant.
Risk Manager: Key Roles, Specialties, and Reporting Structure for Business Protection
A Risk Manager is a crucial professional responsible for identifying, assessing, and mitigating risks that could impact a company’s financial health, operations, compliance, and reputation. Businesses across industries—financial services, healthcare, manufacturing, technology, and insurance—rely on Risk Managers to develop risk mitigation strategies, ensure regulatory compliance, and safeguard assets against cyber threats, financial losses, and operational failures.
There are several specialties within risk management, including Enterprise Risk Managers (ERM), Financial Risk Managers (FRM), Cyber Risk Managers, Operational Risk Managers, and Compliance Risk Managers, each focusing on different types of risk exposure. The recommended reporting structure for a Risk Manager typically places them under the Chief Risk Officer (CRO), Chief Financial Officer (CFO), or directly reporting to the CEO or Board of Directors in large organizations to ensure risk mitigation aligns with corporate strategy.
Companies looking to hire a Risk Manager should seek professionals with strong analytical skills, industry-specific risk knowledge, and expertise in compliance frameworks (e.g., ISO 31000, COSO ERM, and SOX regulations). By incorporating a qualified Risk Manager into their organizational structure, businesses can enhance their risk resilience, improve corporate governance, and protect financial stability in an ever-evolving risk landscape.
Risk and Insurance Consultants: Expert Advisors for Business Protection and Strategic Risk Management
Risk and Insurance Consultants are specialized professionals who help businesses identify, assess, and mitigate risks while ensuring they have the right insurance coverage to protect against financial losses. These consultants provide independent advisory services across various industries, including finance, healthcare, construction, technology, and manufacturing, to safeguard businesses from operational, financial, cyber, legal, and compliance risks.
The key specialties of Risk and Insurance Consultants include Enterprise Risk Management (ERM), Cyber Risk Advisory, Insurance Coverage Optimization, Business Interruption Analysis, Liability Risk Assessment, and Claims Management Consulting. Unlike traditional brokers who work on commission from insurers, independent Risk and Insurance Consultants conduct objective policy audits, gap analysis, and risk assessments to ensure companies have cost-effective, comprehensive coverage.
Businesses looking to hire Risk and Insurance Consultants should seek experts with industry-specific experience, strong analytical skills, and deep knowledge of compliance regulations such as ISO 31000, COSO ERM, and regulatory frameworks like GDPR and SOX. Partnering with independent risk advisors can help companies reduce insurance costs, enhance claims success, and strengthen their overall risk resilience in today’s dynamic business environment.
Insurance Risk Management Companies: Expert Solutions for Protection and Cost Optimization
Insurance Risk Management Companies specialize in helping businesses identify, assess, and mitigate risks while ensuring they have the right insurance coverage to protect their financial stability, assets, and operations. These companies provide comprehensive risk assessments, insurance policy audits, claims management, loss prevention strategies, and compliance consulting to ensure businesses minimize exposure to financial liabilities.
Industries such as finance, healthcare, construction, manufacturing, and technology rely on insurance risk management firms to navigate complex insurance landscapes, reduce coverage costs, and enhance risk resilience. Services typically include corporate liability insurance optimization, cyber risk management, professional indemnity insurance, employee benefits risk assessment, and business continuity planning.
Unlike traditional brokers who sell policies, independent insurance risk management companies offer unbiased advisory services by evaluating existing policies, identifying coverage gaps, and negotiating better terms with brokers and insurers. Businesses looking to procure insurance risk management services should prioritize firms with deep industry expertise, regulatory compliance knowledge (ISO 31000, NAIC, OSHA, and SOX), and a track record of reducing claims costs and improving financial protection.
By partnering with a trusted insurance risk management company such as our firm, organizations can enhance financial security, strengthen governance, and ensure long-term operational resilience against unforeseen risks.
Insurance Risk Management Consultants
They are risk management consultants specializing in insurance. They are in essence independent insurance consultants, also known as insurance risk consultants. Risk management is a broad field that includes various sub-categories of risk management and insurance management. A risk management consultant will typically have a specific focus on one or more sub-categories. Our team has expertise within the full spectrum of risk management including commercial insurance.
Financial Risk Management Consultants
They are risk management consultants specializing in financial risk (as opposed to operational risk or other forms of risk). They include consultants who specialize in credit risk, liquidity risk, equity risk, or other forms of financial risk. Our team has expertise within the full spectrum of risk management including financial risk.
Operational Risk Management Consultants
They are risk management consultants specializing in operational risk (as opposed to financial risk or other forms of risk). They include consultants who specialize in one or more categories of Operational Risk. Our team has expertise within the full spectrum of operational risk management.
Hire a Risk Management Consultant
Contact Us today. A Risk Management Consultant is essential for businesses and investors looking to safeguard their assets and ensure long-term success. These experts specialize in identifying, assessing, and mitigating potential risks that could impact operations or investments. This includes hedging through commercial or financial insurance. By working with a Risk Management Consultant, companies can develop tailored strategies to manage financial, operational, and market risks, improving decision-making and minimizing losses.
For investors, risk consultants provide valuable insights into market volatility, helping them make informed investment choices. Partnering with a skilled Risk Management Consultant ensures businesses and investors are better prepared to navigate uncertainties and achieve sustainable growth.
FAQs on Risk Management Consultants
What Do Risk Consultants Do?
Risk consultants is a broad term only because there are many different types of risk (ex. financial risk, operational risk, security risk, etc.). One must narrow down their definition of the specific type of risk they are trying to learn more about in order to hire the right consultants.
For example, we are risk consultants, however we specialize in measuring risks impacting businesses and investors including operational risk and financial risk. We also specialize in hedging such risks including rewording commercial insurance sold by brokers, as well as monetizing such risks including achieving better financing and valuations for our clients based on their risk profiles.
Are Insurance Brokers Independent Insurance Consultants?Â
NO. Insurance brokers or insurance agents are not independent by virtue of what they do because they are compensated by insurance companies either directly or indirectly. An independent insurance consultant would be compensated by the insured and not tied by ownership or compensation to any insurance broker or insurer. Beware of insurance brokers or agents who call themselves independent insurance consultants, risk management consultants, or insurance risk consultants. More information is available on how commercial insurance is designed.
Who are the Top Risk Management Consultants?
Our company is considered a top operational risk management consultant as we are one of the first globally to form a link between Operational Risk and Commercial Insurance. Feel free to Contact Us at any time wherever you are in the world and with any requests you may have. Our licensing enables us to service businesses and investors worldwide.
Who are Independent Risk Management Consultants?
They are consultants independent from brokers or product providers such as insurance companies. DeshCap is considered an independent risk management consultancy.
Are there International Risk Management Consultants?
Yes, they are risk management consultants independent from brokers or insurers and who are able to service businesses or investors in more than one country or around the world. DeshCap is considered an international risk management consultancy.
Who are Enterprise Risk Management Consultants?Â
They are risk management consultants specializing in enterprise risk management (as opposed to operational risk management or other forms of risk management). They include consultants who specialize in one or more sub-categories of Enterprise Risk Management (ERM). Our team has expertise in ERM.Â
Who are Project Risk Management Consultants?
They are risk management consultants specializing in managing risk of a specific project or transaction, as opposed to continuous risk management for a business or investors. They include consultants who specialize within an industry vertical with a focus on construction risk, infrastructure risk, IT risk, etc., or within a product vertical with a focus on credit risk, operational risk, etc. Our team has expertise in project risk management.
Who are Construction Risk Management Consultants?
They specialize in managing risk of a construction company or project. They include consultants who specialize within a product vertical with a focus on financial risk and operational risk, yet specific to the construction industry. This includes insurance consultants who can advise on commercial insurance products such as Builders Risk Insurance, Inherent Defects Insurance, or other forms of insurance relevant to the construction industry. Our team has expertise within the full spectrum of construction risk management.