Metropolitan Risk

At Metropolitan Risk, we believe that the conventional approach to purchasing insurance for small and mid-size businesses is fundamentally flawed. The primary focus of our company, founded in 2010, is to address this issue by providing a more efficient and effective way to manage risk and insurance costs. Our approach is based on the simple observation that the insurance cost for these businesses is directly related to their ability to prevent losses and manage claims effectively. Therefore, instead of merely shopping for cheaper insurance prices, we focus on helping our clients manage their total cost of risk.

Our founder, Michael Stoop, recognized that the current system, where businesses "shop" their insurance out as much as once per year, hoping to find a cheaper price, is not optimal. Furthermore, he noted that the broker who manages to find the best fit carrier first gets the policy, regardless of their service. This led him to create a better experience for clients by starting fresh with a new platform that only works on commercial lines, ensuring that clients receive the level of service they deserve.

Our Services

At Metropolitan Risk, we offer a comprehensive range of services designed to help small and mid-size businesses manage their risk and insurance costs effectively. Our team of experienced professionals has extensive knowledge and expertise in the insurance industry, allowing us to provide personalized solutions tailored to the specific needs of each client.

One of our key services is the Risk Management System, which we have developed to help businesses consolidate all their claims, risk, and insurance data across their vendors. This system enables our clients to gain valuable insights and make informed business decisions by providing them with a comprehensive overview of their risk profile and insurance costs.

We also offer innovative techniques to help businesses improve safety, reduce risk, reduce losses, and as a result, their insurance premiums. By focusing on managing the total cost of risk rather than just the insurance premium, we help our clients turn their insurance program into a competitive advantage.

In addition, we provide access to our OODA Risk System, which is a cutting-edge tool designed to help businesses manage their risk more effectively. This system uses advanced data analytics and predictive modeling to identify potential risks and provide actionable recommendations for mitigating them.

Testimonials

Our approach has been highly successful, with many of our clients experiencing significant reductions in their insurance costs and improvements in their overall risk management. Here are some testimonials from our satisfied clients:

"We originally engaged Metropolitan Risk as a consultant to help us manage our out of control work comp insurance costs. After 6 months working together we felt like we had control back. Ultimately we became so good at managing our work comp claims that we moved away from the NYSIF, back into the private market place. The last two years now we have received dividends in the mid six figures as a result of our fantastic claims experience. We had no idea any of this would have been possible if not for the partnership with Met Risk!" - Danielle Mitchell, Human Resource Director, Children's Home of Poughkeepsie

"We engaged Metropolitan Risk upon recommendation from one of our Board Members who had a prior experience w the firm. They said Met Risk is the most intelligent, forward thinking risk and insurance advisory firm they ever met. We had huge work comp surcharges that were killing our P&L. Our reimbursements were capped or declining, our union contracts kept escalating and our insurance costs were eating all our free cash flow. We invested in Met's Comp Care Work Comp Cost Containment Program. Within 12 months every dollar we gave them they gave us 5 back. After 3 years of strong leadership coupled with their OODA Risk System we compressed our work comp claims significantly; dropping our E.M.R from a 1.63 down to.53. Talk about a swing. Further due to the COMP Care System we gained significant confidence in our ability to manage our work comp claims that we moved into a cost sharing program at Met's recommendation. They saved us during Covid as this new work comp program generated over $1.5 million in dividend payments which kept us afloat during the pandemic. We would not have survived if NOT for Met Risk & their Comp Care Program!" - David Rose, CEO, Eger Healthcare & Rehabilitation

Conclusion

At Metropolitan Risk, we are committed to providing our clients with the best possible service and results. We believe that by focusing on managing the total cost of risk rather than just the insurance premium, we can help small and mid-size businesses turn their insurance program into a competitive advantage. If you are looking for a more effective way to manage your risk and insurance costs, contact us today to learn more about our services and how we can help you achieve your goals.