POWERS Insurance and Risk Management
Founded in 1991 in St. Louis, POWERS Insurance & Risk Management is a family-owned independent agency representing 30-plus carriers. It delivers property, casualty, surety, and captive insurance with specialization in construction, cannabis, and hospitality across all 50 U.S. states.
- Company typePrivate
- Founded1991
- HeadquartersSt Louis, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What POWERS Insurance and Risk Management does
POWERS Insurance & Risk Management is a family-owned independent insurance agency founded in 1991 and headquartered at 6825 Clayton Avenue, St. Louis, Missouri. The firm operates as a multi-line property and casualty brokerage representing more than 30 national and regional insurance carriers—including ACE, Chubb, Allstate, Nationwide, The Hartford, Travelers, Cincinnati, Markel, RLI, Progressive Commercial, and MetLife—and is licensed to operate across all 50 U.S. states. Its client base spans personal lines and commercial lines, with vertical specialization in construction, cannabis, and hospitality, alongside specialty offerings in captive insurance and surety bonding. The agency employs between 11 and 50 people; its leadership team combines more than 200 years of cumulative insurance industry experience and holds specialized designations including CRM, PWCA, and CLCS.
The firm generates revenue through commissions on policies placed with carrier partners, with pricing determined on a quote-by-quote basis against individual client risk profiles and coverage needs. Its go-to-market is consultative and sales-led, organized around a proprietary "POWERS Process" five-step risk management framework that combines initial assessment, carrier matching, and ongoing advisory service. Distribution blends direct outside sales for commercial accounts, inside sales supported by phone and online quote channels (including an epaypolicy.com policy-management portal), and carrier-mediated placement. The firm markets itself primarily through educational content on its website, industry-specific thought leadership in cannabis and construction, and community engagement initiatives, most recently a "35 Acts of Kindness" campaign tied to its 35th anniversary.
Operationally, POWERS functions as a traditional brokerage without a proprietary technology platform, AI/ML capabilities, or venture backing; growth has been organic supplemented by acquisition, including the November 2022 purchase of M&T Insurance Agency. The firm was recognized as PropertyCasualty360's 2026 Agency of the Year, and its competitive positioning rests on domain expertise in regulated or hard-to-place verticals (cannabis, surety, hospitality), the breadth of its carrier panel, and the consultative "POWERS Process" framework rather than on technology differentiation.
POWERS Insurance and Risk Management firmographics
Firmographics- Name
- POWERS Insurance and Risk Management
- Legal name
- POWERS Insurance & Risk Management
- Website
- https://powersinsurance.com
- Company type
- Private
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Founded in 1991 in St. Louis, POWERS Insurance & Risk Management is a family-owned independent agency representing 30-plus carriers. It delivers property, casualty, surety, and captive insurance with specialization in construction, cannabis, and hospitality across all 50 U.S. states.
- Ownership category
- akta.pro rank
POWERS Insurance and Risk Management industry classification
Industry- Product category
- Insurance Brokerage and Risk Management
- NAICS
- Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Captive Insurance Advisory & Management (FSAEADAF)
- akta.pro secondary industries
- Directors & Officers (D&O) Liability (FSAJADAF), Property Insurance (Homeowners, Renters & Commercial Property) (FSAJAMAD)
Keywords
Where POWERS Insurance and Risk Management is headquartered
LocationHeadquarters
- HQ city
- St Louis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
POWERS Insurance and Risk Management business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Insurance Agency Commissions: As an independent insurance agency, POWERS earns commissions from insurance carriers for placing business. They offer products from multiple national and regional insurance carriers including ACE, Chubb, Allstate, Nationwide, Hartford, Travelers, and others. Revenue comes from both personal lines and commercial lines insurance policies.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Quote-based insurance pricing tailored to individual client risk profiles |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
POWERS Insurance and Risk Management product offering
Product offeringCore offering
POWERS Insurance & Risk Management is a family-owned independent insurance agency that places personal and commercial insurance policies through more than 30 national and regional carriers, while providing risk management advisory services. The agency specializes in construction, cannabis, and hospitality verticals and offers the POWERS Process, a five-step consultative framework for risk assessment, coverage placement, and ongoing safety and claims support.
Product overview
POWERS Insurance & Risk Management is a family-owned independent insurance agency offering a comprehensive portfolio of insurance and risk management solutions. The company operates as a multi-product insurance brokerage providing personal insurance (home, auto), business insurance across multiple industries, and specialized coverages. Their core offerings include construction risk management, cannabis industry insurance, hospitality risk management, captive insurance programs, and surety bonds. The product portfolio includes standard commercial coverage lines (General Liability, Workers' Comp, Commercial Property, Cyber Insurance, D&O, E&O, Inland Marine, Product Liability, EPLI, Excess Liability, Commercial Auto, Crime Insurance, Builder's Risk) alongside specialty products like Surety Bonds and Captive Insurance. The agency differentiates through integrated risk management advisory services, combining 200+ years of experience with what they call 'the POWERS Process'—a five-step consultative framework for comprehensive risk assessment and mitigation.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Insurance Personal insurance coverage for individuals and families, including high-value home, auto, umbrella, and other personal lines placed through POWERS' carrier network.
- Business Insurance Commercial insurance solutions for businesses, including property, liability, and industry-specific coverage lines placed with POWERS' carrier partners.
- Construction Risk Management Specialized risk management and insurance solutions for construction companies, including contractors, subcontractors, specialty trade contractors, and builders.
- Cannabis Insurance
Quantifiable outcome
- Cannabis manufacturer case study: Saved more than $30,000 per year compared to previous insurance plan while gaining greater coverage
- +1 more outcomes
Companies that use POWERS Insurance and Risk Management
Customer profileSegments5 records
Ideal customer profiles5 records
POWERS Insurance and Risk Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
POWERS Insurance and Risk Management partnerships and signals
Strategic signalPartnerships
20 partnerships are on record, tiered core.
- ACE InsurancecoreNational insurance carrier partnership providing property and casualty insurance products through POWERS agency. ACE offers claims and billing services to clients.
- Allied Insurance (Nationwide)coreNational insurance carrier providing personal and commercial insurance products through POWERS agency.
- AllstatecoreNational insurance carrier partnership for personal and commercial lines coverage.
- American ModerncoreSpecialty insurance carrier offering niche products through POWERS agency.
- ChubbcorePremier property and casualty insurance carrier serving high-value clients through POWERS agency.
- Cincinnati InsurancecoreRegional carrier providing commercial and personal insurance products.
- EncompasscorePersonal insurance carrier offering coverage through POWERS agency.
- ForemostcoreSpecialty insurance carrier for niche markets including manufactured housing and watercraft.
- Grange InsurancecoreRegional carrier offering personal and commercial insurance products.
- HagertycoreSpecialty carrier for classic and collector vehicles.
- The HartfordcoreNational carrier providing commercial insurance and employee benefits.
- Travelers InsurancecoreMajor national carrier providing commercial and personal insurance through POWERS.
- Nationwide (Private Client)coreHigh-value personal insurance and commercial products through POWERS agency.
- MarkelcoreSpecialty insurance carrier serving niche markets and difficult-to-place risks.
- Progressive CommercialcoreCommercial insurance carrier offering vehicle and business coverage.
- RLI InsurancecoreSpecialty insurance carrier offering commercial lines and niche products.
- MetLifecoreMajor insurance carrier providing employee benefits and personal coverage.
- State AutocoreRegional carrier offering personal and commercial insurance products.
- Stillwater (The Hartford)coreEnvironmental and specialty insurance products.
- National General InsurancecoreSpecialty personal insurance products including auto and home.
Scale indicators4 records
Recent moves4 records
Expansion highlights5 records
POWERS Insurance and Risk Management competitors and assessment
Company assessmentDirect peers
- Heffernan Insurance Brokers: Large independent insurance brokerage headquartered in the western U.S., offering commercial and personal lines across multiple specialty verticals. Directly comparable to POWERS as a privately held, multi-carrier independent agency with deep vertical specialization and consultative risk advisory.
- Brown & Riding Insurance Services: Specialty insurance wholesale brokerage focused on hard-to-place commercial risks across construction, hospitality, and other verticals. Comparable to POWERS in its multi-carrier distribution model and specialty-vertical expertise rather than mass-market placement.
- Burns & Wilcox: National specialty insurance wholesaler and brokerage representing numerous carrier partners, with deep expertise in construction, hospitality, and excess/surplus lines. Closely comparable to POWERS in its specialty-line focus and multi-carrier representation model.
- Higginbotham: Texas-based independent insurance brokerage serving commercial and personal clients across multiple industries with a similar consultative, multi-carrier model. Comparable to POWERS as a privately held regional/super-regional agency with vertical depth and risk-management advisory orientation.
- AssuredPartners: PE-backed national insurance brokerage built through aggressive acquisition of independent agencies. Comparable to POWERS in operating model (independent multi-carrier brokerage) but at vastly larger scale; also a potential acquirer of agencies like POWERS given its roll-up strategy.
- RPS (Risk Placement Services): National wholesale broker and specialty-lines MGA/platform serving independent retail agents. Comparable to POWERS in its specialty-lines focus and reliance on carrier relationships for placement of complex commercial risks.
- USI Insurance Services: Large national insurance brokerage serving mid-market commercial clients with consultative risk-management advisory. Comparable to POWERS in service model and vertical specialization, but at significantly greater scale following extensive acquisition activity.
- Foundation Risk Partners: PE-backed national insurance brokerage built through acquisition of independent agencies. Directly comparable to POWERS as an independent multi-carrier agency pursuing inorganic growth, and a potential roll-up acquirer in the same niche.
Broad incumbents
- Marsh McLennan Agency: Middle-market arm of global broker Marsh McLennan. Comparable to POWERS in serving mid-market commercial accounts but operates at vastly greater scale with deeper carrier-direct relationships and broader product capabilities.
- Arthur J. Gallagher & Co. Global insurance brokerage and risk management firm with extensive mid-market and specialty practice areas. Comparable to POWERS in targeting construction, hospitality, and other verticals, but offers deeper resources, captive management, and international reach.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
POWERS Insurance and Risk Management social profiles
Digital presencePOWERS Insurance and Risk Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
POWERS Insurance and Risk Management leadership team
Management profileNumber of profiles
Profiles4 records
POWERS Insurance and Risk Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
POWERS Insurance and Risk Management M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about POWERS Insurance and Risk Management
What does POWERS Insurance and Risk Management do?
POWERS Insurance & Risk Management is a family-owned independent insurance agency that places personal and commercial insurance policies through more than 30 national and regional carriers, while providing risk management advisory services. The agency specializes in construction, cannabis, and hospitality verticals and offers the POWERS Process, a five-step consultative framework for risk assessment, coverage placement, and ongoing safety and claims support.
Is POWERS Insurance and Risk Management a public or private company?
POWERS Insurance and Risk Management is a private company. It is classified as family owned and is currently operating.
When was POWERS Insurance and Risk Management founded?
POWERS Insurance and Risk Management was founded in 1991. It employs 11 to 50 people.
Where is POWERS Insurance and Risk Management based?
POWERS Insurance and Risk Management is headquartered in St Louis, United States, in the North America region.
How does POWERS Insurance and Risk Management make money?
One revenue line is on record: insurance Agency Commissions.
Who are POWERS Insurance and Risk Management's main competitors?
Direct peers on record are Heffernan Insurance Brokers, Brown & Riding Insurance Services, Burns & Wilcox, Higginbotham, AssuredPartners, RPS (Risk Placement Services), USI Insurance Services and Foundation Risk Partners. Broad incumbents are Marsh McLennan Agency and Arthur J. Gallagher & Co..
Does POWERS Insurance and Risk Management have an API?
No public API is recorded for POWERS Insurance and Risk Management.
What industry is POWERS Insurance and Risk Management in?
POWERS Insurance and Risk Management's product category is Insurance Brokerage and Risk Management. Its primary akta.pro industry code is FSAEADAF, Captive Insurance Advisory & Management, with a secondary code of FSAJADAF, Directors & Officers (D&O) Liability. Its NAICS code is 524210 and its SIC code is 6411.