Business Details
32 Years
experience
Your Trusted Insurance Partner in Red Deer, AB
Paramount Insurance has been serving the Red Deer community for over 25 years as a family-owned insurance brokerage. Our approach centers on the PEAK processProtection, Education, Assessment, and Knowledgeto ensure clients receive tailored insurance solutions. We prioritize understanding individual and business needs to provide comprehensive coverage while maintaining a strong focus on risk management. With a team of experienced professionals, we offer personalized service backed by Canadian and international industry expertise. Our commitment extends beyond insurance through active community involvement and charitable contributions.We specialize in auto, business, personal, captive insurance, and employee group benefits, ensuring clients are protected against various risks. Our referral program and dedication to local businesses reflect our values of compassion and community support. We operate Monday to Friday from 8:30 am to 5 pm, providing accessible and reliable service. Our reputation for fair claims processing and client advocacy has made us a trusted advisor in the region. Through continuous education and proactive strategies, we empower clients to make informed decisions about their insurance needs.
Services
Auto Insurance
Business Insurance
Personal Insurance
Captive Insurance
Employee Group Benefits
Directors and Officers Insurance
Details
- Year established: 1994
Highlights and features
- We have over 25 years of experience serving Red Deer communities.
- Our PEAK process ensures personalized risk assessment and coverage.
- We specialize in complex commercial insurance solutions for industries like oil and gas, trucking, and construction.
- Our captive insurance programs offer unique cost-saving opportunities.
- We prioritize local community involvement and client advocacy.
What people say
Best service I've ever had
Expedited quickly and fairly
Recommend them to everyone
Truly understand my business
Decreased insurance payments
Services
Captive Insurance
Our captive insurance programs provide businesses with customized risk management solutions. By creating group or single-parent captives, clients gain control over insurance costs while maintaining coverage flexibility. This approach allows for premium stability and potential returns through proper risk pooling and management strategies.
Commercial Risk Assessment
We conduct enterprise-wide risk assessments for businesses across industries like oil and gas, trucking, and construction. Our process identifies specific exposures and designs mitigation strategies to protect assets while ensuring compliance with industry regulations and standards.
Auto Insurance
Our auto insurance solutions cater to both personal and commercial needs. We evaluate individual driving profiles and business fleet requirements to secure optimal coverage. The focus remains on balancing protection quality with long-term value for policyholders.
Employee Group Benefits
We help businesses design comprehensive employee benefit plans that attract and retain talent. Our services include evaluating plan competitiveness, ensuring proper communication to employees, and aligning benefits with organizational goals and budget constraints.
Directors and Officers Insurance
This service safeguards company directors and officers from personal liability risks. We provide coverage for claims related to employment practices, financial decisions, and governance matters while ensuring policyholders understand their legal obligations and protections.
People
David Richter
President, Commercial Risk and Captive
With over 30 years in insurance, David specializes in commercial risk management and captive insurance solutions. He leads Paramount's efforts to develop innovative programs for complex business needs.
Pattie Richter
Owner and Personal Risk Manager
As an owner and personal risk manager, Pattie advocates fiercely for clients. Her expertise in personal insurance solutions has earned her recognition for exceptional client representation and service.
Whitney Richter Benson
COO
Whitney oversees daily operations and mentors new team members. She focuses on empowering clients through education while maintaining the brokerage's commitment to independent, client-centered service.
Questions
What types of insurance do you offer?
We offer auto, business, personal, captive insurance, employee group benefits, and directors and officers insurance for clients in Red Deer and Central Alberta.
What is captive insurance?
Captive insurance allows businesses to form their own insurance entity, providing greater control over risk management and potential cost savings through group or single-parent structures.
How do you assess business insurance needs?
We conduct enterprise-wide risk assessments to identify exposures and design customized coverage plans tailored to specific industry requirements and business operations.
Are payment plans available?
Payment options vary by policy—contact our office for specific arrangements and financing possibilities for qualifying clients.
What are your business hours?
Our office operates Monday to Friday from 8:30 am to 5 pm. We offer after-hours consultations by appointment for client convenience.
Do you offer local referral incentives?
Yes, our referral program rewards clients with draws and prizes while supporting local businesses through our community-focused gift initiatives.
