Key Risk Celebrates 40 Years of Innovation and Leadership in Workers Compensation

HIGH POINT, N.C.--(BUSINESS WIRE)--Key Risk, a leading provider of workers compensation solutions, is proud to celebrate its 40th anniversary. Since its founding in 1986, the business has evolved from its beginnings as a third-party administrator (TPA) into a premier national insurance provider, establishing itself as a trusted partner for businesses nationwide.

For four decades, Key Risk has been dedicated to delivering customized insurance products and services that prioritize workplace safety and claims management. This milestone marks a significant achievement in a journey defined by consistent growth, profitability, and a client-first philosophy.

A Legacy of Evolution and Growth

Founded in North Carolina as a third-party administrator in 1986, Key Risk has continually adapted to meet the industry's changing needs. The business joined W. R. Berkley Corporation in 1994, launched its insurance business in 1998, and rapidly expanded across the Southeast in the early 2000s.

Defining milestones, such as its national expansion and specialty program creation in 2016 and a strategic shift to exclusively focus on insurance offerings in 2018, have firmly established the business as a leader in the industry. Today, it is recognized for delivering tailored solutions to complex industries and guiding clients through the intricacies of workers compensation.

Culture and Community Impact

Based in High Point, NC, Key Risk boasts a culture of excellence and regularly earns “Best Place to Work” honors from Business Insurance. Beyond its operating success, the business maintains a strong commitment to community involvement. Key Risk is a proud supporter of charitable programs, including Kids’ Chance, which provides educational opportunities for the children of workers affected by workplace injuries.

"Reaching our 40th anniversary is a testament to the dedication of our employees and the trust of our valued agents and policyholders," said Scott Holbrook, President of Key Risk. "Our evolution from a TPA to a national insurance provider reflects our unwavering focus on service and innovation. We are incredibly proud of the impact we've made on helping businesses create safer work environments and manage their costs effectively."

Looking to the Future

As Key Risk enters its next chapter, the business remains focused on continuing its legacy of innovation. Strategic initiatives are underway to further enhance data analytics capabilities and risk management technologies, providing even greater value to clients.

"As we celebrate this milestone, our vision for the future is clear," added Mr. Holbrook. "We will continue to adapt, innovate, and lead with integrity, providing our partners with the solutions they need to thrive. We are excited for the opportunity to build on 40 years of excellence."

ABOUT KEY RISK:

With 40 years of proven expertise in the workers compensation industry, Key Risk delivers innovative and responsive solutions that provide our clients the freedom to do what they do best. Offering guaranteed cost options to employers nationwide, Key Risk focuses on delivering products and services within specialized verticals to reduce workers compensation exposures and deliver industry-leading results.

Key Risk is a member company of W. R. Berkley Corporation, whose insurance company subsidiaries are rated A+ (Superior), Financial Size Category XV by A.M. Best Company and A+ (Strong), by Standard & Poor’s. Products and services are provided by one or more insurance company subsidiaries of W. R. Berkley Corporation. Not all products and services are available in every jurisdiction and the precise coverage afforded by any insurer is subject to the actual terms and conditions of the policies as issued.