Rhodes Risk Advisors is an insurance and risk management services firm formed to fill a void for companies looking for a combination of highly personalized service and innovative solutions in the insurance industry. Rhodes Risk Advisors combines years of experience with leading-edge products to provide exceptional service and value to our clients. Our offerings include insurance products and risk management services such as commercial property and casualty insurance, professional and management liability insurance, transactional risk insurance and due diligence services, surety and bonding, employee benefits, and risk management consulting services.
Rhodes is named after the island in Greece located in the eastern Aegean Sea. The island of Rhodes provides us with one of the earliest documented forms of insurance, known as the general average. Circa 750 B.C., merchants of Rhodes, whose goods were shipped together, agreed to pay a proportionally divided premium that would be used to reimburse any merchant whose goods were deliberately jettisoned in order to lighten the ship and save it from a total loss. The principal of general average endures to this day in maritime law.