What Is a Risk Consultant and Why Do I Need One?

A risk consultant, also known as a risk analyst, helps companies identify potential risks and develop strategies to mitigate them. Risk consultants help clients think differently about their business, use data and analytics to identify risks, and build or improve risk management processes and controls.

Knight Insurance Group risk consultants use our proprietary risk management process called Knight Vision. Our approach is different from most. Our focus is not just the cost of insurance, but on the clients’ exposures and financial bottom line. This proprietary approach is refreshing to those clients who tire of the “price shopping” agents - those who offer no different solutions, just promise a cheaper price.

We know that your needs are sophisticated and you are looking for consultants that bring solutions to a myriad of challenges - regulatory, financial, human resources, or the unexpected. Our agents have a broad range of knowledge and creative solutions for problems not typically viewed as insurance-related. And our focus all starts with a conversation about your business.

The Knight Vision four-step process: 

1. Understand your business. In this initial phase we seek to understand every aspect of your business in order to help you identify the risks which face your business.

2. Create risk strategies. Once we have a thorough understanding of your business, we are ready to explore strategies to minimize risk and reduce insurance costs. Our understanding of your business will pay huge dividends by enabling us to precisely tailor these risk mitigation strategies to fit the unique needs of your business.

3. Implement strategies. During implementation, we put in place specifically tailored programs and strategies designed to protect your assets while reducing insurance costs. A strong belief in the Knight Vision process motivates underwriters to offer lower insurance costs on your behalf.

4. Monitor and measure. Your and your business are dynamic - what works for you today might not work as well tomorrow. For this reason, we will continue to monitor and adjust your risk management programs to ensure a perfect fit as your business evolves.

Curious about Knight Vision?  Learn more about why we see things others don’t. 

MORE ABOUT KNIGHT VISION