Insurance is sometimes seen as a commodity. Our advice is anything but.
NewCo Risk gives SMB businesses access to the same bespoke approach, sophisticated strategies and big thinking as the leading global insurance consulting firms.
Insurance is sometimes seen as a commodity. Our advice is anything but.
NewCo Risk gives SMB businesses access to the same bespoke approach, sophisticated strategies and big thinking as the leading global insurance consulting firms.
What We Do
We provide clear, accessible, and valuable consultation on insurance, benefits and risk management—allowing you to approach risk with confidence.
Pre-Acquisition
Transaction Advisory
We join your deal team as a cross-discipline advisor, helping to navigate every aspect of the transaction that touches insurance, employee benefits or transactional risk issues.
Because insurance diligence mirrors business diligence, we study the transaction, your investment thesis and the target’s legal, financial and operational posture before turning to insurance.
We focus on identifying material impacts to EBITDA and optimizing the insurance and benefits stack to suit your post-close strategy.
We place transactional risk (R&W) and key man insurance, manage the insurance work stream with lenders, and opine on the insurance impacts of the purchase agreement, lease agreements, and client and vendor contracts.
Insurance and Employee Benefits Brokerage
We are a full-suite insurance broker providing tailored solutions to standout business operators. Our experience spans countless industries and all lines of commercial insurance and risk financing structures.
However, placing coverage is only half the job. We work tirelessly to ensure peak exit-ready posture for every client.
This means no surprises for you, as the seller, when a buyer’s insurance advisor evaluates your risk management protocols, loss history and insurance coverage.
If there is value to unlock or a potential landmine to address, we work to find it, before they do.
About Us
NewCo Risk focuses on making insurance clear, accessible, and valuable—allowing you to approach risk with confidence.
Founders Andy Harbut and Josh Richman bring nearly four decades of combined expertise in insurance, risk management, and advisory services for private equity firms, and search fund entrepreneurs.
Clients choose Andy and Josh for their deep-rooted industry knowledge and skill at transforming insurance from a burdensome task into a strategic advantage. They are known for their personable, down-to-earth approach, balancing technical expertise with the kind of clear, practical, advice that empowers clients to make informed decisions with confidence.
Visionary business leaders navigating growth and acquisition choose NewCo Risk as their trusted partner to ensure and insure the success of their new ventures.
About Us
NewCo Risk focuses on making insurance clear, accessible, and valuable—allowing you to approach risk with confidence.
Founders Andy Harbut and Josh Richman bring nearly four decades of combined expertise in insurance, risk management, and advisory services for private equity firms and search fund entrepreneurs.
Clients choose Andy and Josh for their deep-rooted industry knowledge and skill at transforming insurance from a burdensome task into a strategic advantage. They are known for their personable, down-to-earth approach, balancing technical expertise with the kind of clear, practical, advice that empowers clients to make informed decisions with confidence.
Visionary business leaders navigating growth and acquisition choose NewCo Risk as their trusted partner to ensure and insure the success of their ventures.
Our
Founders
In 2025, Andy and Josh spun out NewCo Risk from a top-100 specialty insurance broker with a mission to build an enduring brokerage platform to serve investors and operators that have been marginalized by ‘alphabet house’ brokers and underserved by local and regional agencies.
They bring nearly four decades of expertise in insurance and transactional consulting, earned across thousands of deals, from Main Street to Wall Street, from self-funded searchers to the largest global private equity firms.
Andy Harbut
Co-Founder
Andy has spent over two decades in insurance and is a nationally recognized leader in private equity advisory.
Following his second stint at Aon’s Global Mergers & Acquisitions Group, in 2014, he built and lead an industry-first transaction advisory team at a boutique insurance broker focused on lower mid-market PE.
Andy takes a complete view of risk that considers financial and legal vectors to help business leaders understand their exposure and make decisions that align with their long-term goals.
His commitment to transparency makes him a valued advisor, turning insurance procurement from a complex necessity into a valuable asset for growth.
Josh Richman
Co-Founder
Josh brings deep expertise from his senior roles at HUB International, Equity Risk Partners, and Symphony Risk.
Mentored by one of the pioneers of private equity-focused insurance solutions, Josh’s approach is anchored in pattern recognition, developed through his involvement in countless transactions over more than a decade.
While others chased headlines and big-name clients, Josh identified a growing need for strategic advisory services tailored to acquisition entrepreneurs, independent sponsors, and lower-middle-market funds.
Passionate about serving this segment of the market, Josh is dedicated to simplifying the complexities of insurance and delivering clarity and confidence to his clients.
Case Studies
Most searchers and acquisition entrepreneurs encounter insurance at the tail end of diligence—a box to check before close. But insurance programs contain real financial signal: hidden liabilities, mispriced risk, and lender requirements that can reshape a deal’s economics.
The following case studies illustrate how an independent insurance review surfaces issues that a cursory look will miss.
Insurance Diligence For Investors
Acquiring A Roofing Company
An acquisition entrepreneur came to us two weeks before planned closing on a roofing company in Southeast Florida The QOE and legal advisors had done their work. The financials looked clean and the purchase agreement was close to final. But nobody had opened the insurance file.
BUSINESS INCOME & LENDER REQUIREMENTS
Right-Sizing a Lender’s Insurance Requirement
Some lenders require evidence of products liability spelled out in the policy form. Others require policies to be in force prior to closing. By pushing back on the lender’s requirement with a well-supported analysis, we saved the searcher approximately $8,000 in annual insurance expense.
Get
Started with NewCo Risk
We're invested in the success of your ventures.
