TPS Insurance of Owatonna Joins North Risk Partners

Sept. 25, 2020 – In July TPS Insurance Agency in Owatonna, Minn., joined North Risk Partners. All seven members of TPS’ team will continue to serve TPS clients as employees of North Risk Partners.

This new partnership will give TPS clients access to North Risk Partners’ many insurance company options, as well as important value-added services for businesses in the areas of human resources, health and safety, and more. North Risk’s core capabilities include commercial insurance, bonds, employee benefits, and personal insurance.

“North Risk’s values and mission of service to their clients, each other, and their community aligns with the approach we’ve always taken; it was a natural fit,” says Dave Effertz, who joined TPS in 1999 and in 2014 took over ownership of the agency from his parents Tom and Terri Effertz.

Dave Effertz (left) who owned TPS Insurance Agency and Mark Hayford (right) Division President.

TPS will operate as part of North Risk Partners’ division in southern Minnesota, working closely with the division’s core office in Rochester as well as its locations in Hastings, Lake City, Mankato and Red Wing. Effertz has joined the division’s local leadership team, serving alongside Division President Mark Hayford, and department leaders Andy Bertram and Lisa Ratgen.

“The TPS team has an impressive reputation in the community that was built on integrity and high-quality service,” says Hayford. “We couldn’t be more thrilled that they’ve joined our team and we’re excited to share all the resources they can now extend to their clients as part of North Risk Partners.”

The TPS office continues to be located at 285 18th St SE in Owatonna.


North Risk Partners specializes in strategic insurance solutions for people and business. Our team helps clients Face Risk Head On with right-fit insurance coverage and loss prevention resources. For businesses, we offer commercial insurance, surety bonds, employee benefits, as well as programming and compliance support in the areas of human resources, health and safety, and more.

We are one of the largest, privately owned, independent insurance broker and risk advisory firms in the Midwest with over 350 employees and 28 locations across five states: Minnesota, Iowa, Nebraska, North Dakota and South Dakota.


Media Contact:
Stacy Monroe, External Communications Specialist
North Risk Partners
(651) 379-7898