Company
About LRA Contact
Lakeshore Risk Advisors Commercial Insurance Brokerage

Your business
carries real risk.
We build the program
that protects it.

Lakeshore Risk Advisors structures comprehensive coverage programs for businesses across the Midwest, built around your actual exposure, not an off-the-shelf template.

Serving the Midwest
Industries We Serve

Select Your
Industry

Deep sector expertise means we understand your specific exposures before we ever quote your account.

Automotive

Shops · Dealers · Service

Construction

GC · Trades · Subcontractors

Manufacturing

Fabricators · Food · Industrial

Healthcare

Medical · Clinics · Supply

Restaurants

Full Service · Bars · Catering

Real Estate

Condos · HOAs · Rentals

Education

Private · Childcare · Learning

Senior Living

Assisted · Memory · Care

Religious Orgs

Churches · Temples · Nonprofits

Professional Offices

Dental · Optometry · MedSpa

Veterinarians

Animal Hospital · Clinic

Contractors

GC · Trades · Specialty

50+ Specialty Lines
HOA InsuranceCondo Association CoverageRental Property LiabilityVacant Property InsuranceCommercial Landlord CoverageReal Estate Investor ProgramsGeneral Contractor LiabilitySubcontractor CoverageBuilders Risk InsuranceInstallation FloaterContractor Tools & EquipmentSurety BondsWrap-Up ProgramsFood Manufacturer LiabilityMetal Fabricator CoverageIndustrial Equipment BreakdownProduct LiabilityInland MarineNuts & Bolts ManufacturingMedspa LiabilityHospital Supplier CoverageMedical Equipment InsuranceHealthcare Professional LiabilityAmbulatory Care CoverageLiquor Liability
Food Spoilage CoverageBar & Tavern InsuranceCatering LiabilityFull-Service Restaurant ProgramsAuto Dealer Open LotService Garage LiabilityMechanic Shop CoverageGaragekeepers Legal LiabilityCommercial Fleet InsuranceDental Office InsuranceOptometry Practice CoverageProfessional LiabilityEmployment Practices LiabilityDirectors & Officers InsuranceCyber LiabilityAssisted Living Facility CoverageMemory Care InsuranceReligious Organization LiabilityPrivate School InsuranceChildcare LiabilityVeterinary Practice InsuranceLuxury Home InsuranceHigh-Value AutoJewelry & Fine Art CoverageAircraft Coverage
Free Program Review

A second opinion on your coverage costs nothing. The gaps it finds might save everything.

Let us look at your current program. No cost, no obligation. We'll tell you exactly where the gaps are.

Our Philosophy
You have a broker.
Now you have
an advocate.

Most brokers place your policy and move on. We stay in it with you, at renewal, when markets shift, and especially when you have a claim. Our job isn't to sell you coverage. It's to make sure the coverage you have actually works when you need it.

We answer to you, not to any carrier. Every recommendation we make is based entirely on what's right for your business.

Coverage Engineering

We don't sell policies. We engineer multi-layered coverage frameworks designed to absorb impact at every altitude of exposure.

Total Transparency

Every recommendation, every premium dollar, every carrier relationship is disclosed. Your clarity is our obligation.

Strategic Navigation

Markets shift, regulations evolve, risks mutate. Our advisors anticipate change and position your coverage ahead of the curve.

"We work across the carrier market to find the right fit, and we advocate for you at every stage of your program."
The LRA Process

What happens when
you work with us

From first conversation to claim resolution, here's exactly what to expect.

01

We Learn Your Business

Before we quote anything, we dig in. Your contracts, your payroll, your assets, your history. We want to understand your operation well enough to spot the gaps your current broker missed.

02

We Go to Market for You

We take your account to the carriers that are right for your risk profile, not just the ones that are easiest. You get options, with a clear explanation of what each one covers and what it doesn't.

03

We Stay in Your Corner

After you're bound, we don't disappear. We review your program at renewal, respond when your business changes, and stand with you when you have a claim. Your program gets managed, not just renewed.

Reach Us Directly
No forms required.
Just a real conversation.
We're available for a quick call to discuss your coverage, or anything about your current program.

Ready to protect your business?
Tell us about your operation and we'll build the right program for your industry, not an off-the-shelf template.

Ready to get the right coverage?
We'll go to market across multiple carriers and find the structure that fits your risk, not just the easiest option for us.
OUR STORY

Built to advocate.
Not just to broker.

Lakeshore Risk Advisors was founded on a simple belief. That businesses deserve a broker who fights for them, not one who just renews their policy every year.

Peter Ragen
Peter Ragen
Founder & Principal Broker
Peter didn't start LRA to sell insurance. He started it to change how it gets done.

After working inside a larger brokerage, Peter saw the same pattern play out too many times, business owners getting handed a renewal without a real conversation, without a review of what had changed, and without anyone actually asking whether their coverage still made sense. The relationship ended when the policy was signed. That wasn't good enough.

He founded Lakeshore Risk Advisors to build something different. A practice where every client gets the same attention on day 365 that they got on day one. Where the broker actually knows your operation, knows your exposure, and stays curious about both.

Peter works primarily with commercial clients across the Midwest, contractors, healthcare operators, restaurants, real estate portfolios, and businesses that carry real, complex risk. His approach is the same across all of them: dig in, go to market hard, and stay in your corner.

Background
Founded LRA after working within a large national brokerage to build a client-first commercial practice from the ground up.
Focus
Commercial insurance across the Midwest. Contractors, healthcare, real estate, restaurants, and complex business risk.
Philosophy
Coverage should be engineered around your actual exposure, not pulled off a shelf and renewed on autopilot.
Approach
Every client gets a broker who answers the phone, knows their file, and goes to market hard at every renewal.
Ready to work with someone who actually shows up?
A coverage review costs nothing. Let's talk about what you're carrying and whether it's right.

Let's Build
Your Program

Tell us about your operation and we'll reach out within one business day to discuss your coverage needs.

Reach Us
Directly

We're a Midwest-based brokerage. When you contact us, you talk to someone who knows your industry and can actually help, not a call center.

Location
Chicago, Illinois

Send Us a Message

Tell us about your business and we'll reach out within one business day.

By submitting this form you agree to our Privacy Policy. We do not share your information with third parties for marketing purposes.

Legal

Privacy Policy

Last updated: June 2026

Lakeshore Risk Advisors (“we,” “our,” or “us”) is committed to protecting your privacy. This Privacy Policy explains how we collect, use, and protect information you provide through our website and communications.

Information We Collect

We may collect personal information you voluntarily submit through our contact and quote request forms, including your name, company name, email address, phone number, and details about your insurance needs.

How We Use Your Information

Information you provide is used solely to respond to your inquiry, prepare coverage recommendations, and communicate with you about your insurance program. We do not sell your personal information to any third party.

SMS and Text Messaging

If you provide your phone number and consent to receive SMS communications from Lakeshore Risk Advisors, your information will be used only to send you relevant updates related to your coverage inquiry or account.

No mobile information will be shared with third parties or affiliates for marketing or promotional purposes. All the above categories exclude text messaging originator opt-in data and consent; this information will not be shared with any third parties.

Data Sharing

We do not sell, trade, or otherwise transfer your personal information to outside parties for marketing or promotional purposes. We may share information with insurance carriers and underwriters solely as necessary to obtain coverage quotes on your behalf, and only with your knowledge.

Data Security

We implement reasonable security measures to protect your personal information. Form submissions are processed through Formspree, a secure third-party service, and are not stored on our web servers.

Your Rights

You may request to review, correct, or delete any personal information we hold about you at any time by contacting us directly.

Contact Us

If you have any questions about this Privacy Policy, please contact us:

Lakeshore Risk Advisors

Email: peter@lakeshoreriskadvisors.com

Phone: (224) 269-7118