Lisa Doherty and Linda Boborodea, sisters and business partners, founded Business Risk Partners (BRP) together 20+ years ago. For years, the two had talked about starting a business together that would meld their business acumen — Lisa’s from years working in specialty commercial insurance for top-named companies, Linda’s with major financial institutions. In the late nineties an opportunity presented itself when Lisa spotted a largely underserved area in the specialty commercial liability insurance market. Small and medium-sized service businesses needed an obscure but increasingly critical — in many cases mandatory — insurance product called E&O (also known as professional liability insurance.) In 2000, they launched BRP to meet the growing E&O need.
“My first business card read: Business Risk Partners — Insurance Geek, because it’s more accurate than CEO or underwriter,” says Lisa, adding “The hairier, the messier, the more complex the exposure, the more we want to tackle it and find a solution.” Fast-forward 20+ years. They’ve underwritten and administered E&O policies for hundreds of professions nationally. They’ve partnered with the best specialty carriers in the business. They’ve branched out into other types of specialty commercial liability insurance, including management liability products — Directors and Officers, Employment Practices , Fiduciary Liability, Crime and Excess ― as well as Niche coverages and hybridized solutions. And while BRP initially focused on businesses with up to $50 million in revenues, today, as a specialty insurance underwriter and program administrator it writes policies for companies of all sizes.
BRP’s underwriting specialists are often complimented on their ability to turn complicated risks around in 24 hours. Proprietary technology enables real time quote, bind, issue and servicing, and is seen by many as one of the best in the business. (Indeed, in the program administrator insurance marketplace, BRP has been awarded the “best-in-class” designation meeting the rigorous standards and best practices set by the Target Market Program Administrators Association.) They’ve also created a company culture that’s committed, creative and fun.
While there are few women in the insurance industry running companies, much less launching them, being trailblazers has come naturally to Lisa and Linda. “Doing right by our clients, partners and employees is the foundation of our success.”