Risk Management Providers (RMPs) are organizations that specialize in helping businesses identify, assess, and manage potential risks. This is done through a variety of services, such as conducting risk assessments, developing risk management plans, and providing advice on risk mitigation strategies. RMPs are typically hired by businesses to help them identify, assess, and manage risks associated with their operations. The official business definition of Risk Management Providers is “a professional service provider that helps organizations identify, assess, and manage risks associated with their operations.” RMPs are often used to help businesses develop strategies to reduce the likelihood of losses due to risks. They can also help businesses develop plans to mitigate the impact of losses if they do occur. RMPs can also provide guidance on how to manage risks and how to respond to them if they do occur. Ultimately, RMPs help businesses make informed decisions about their risk management strategies, helping them to protect their assets and minimize losses.