POWERS Insurance and Risk Management

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.

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

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

• Commercial insurance brokerage
• Risk management advisory
• Construction insurance
• Cannabis insurance
• Surety bond services

Headquarters

HQ city

St Louis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. 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

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core 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

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

20 partnerships are on record, tiered core.

• ACE InsurancecoreChannel Partner/ Reseller/ DistributorNational insurance carrier partnership providing property and casualty insurance products through POWERS agency. ACE offers claims and billing services to clients.
• Allied Insurance (Nationwide)coreChannel Partner/ Reseller/ DistributorNational insurance carrier providing personal and commercial insurance products through POWERS agency.
• AllstatecoreChannel Partner/ Reseller/ DistributorNational insurance carrier partnership for personal and commercial lines coverage.
• American ModerncoreChannel Partner/ Reseller/ DistributorSpecialty insurance carrier offering niche products through POWERS agency.
• ChubbcoreChannel Partner/ Reseller/ DistributorPremier property and casualty insurance carrier serving high-value clients through POWERS agency.
• Cincinnati InsurancecoreChannel Partner/ Reseller/ DistributorRegional carrier providing commercial and personal insurance products.
• EncompasscoreChannel Partner/ Reseller/ DistributorPersonal insurance carrier offering coverage through POWERS agency.
• ForemostcoreChannel Partner/ Reseller/ DistributorSpecialty insurance carrier for niche markets including manufactured housing and watercraft.
• Grange InsurancecoreChannel Partner/ Reseller/ DistributorRegional carrier offering personal and commercial insurance products.
• HagertycoreChannel Partner/ Reseller/ DistributorSpecialty carrier for classic and collector vehicles.
• The HartfordcoreChannel Partner/ Reseller/ DistributorNational carrier providing commercial insurance and employee benefits.
• Travelers InsurancecoreChannel Partner/ Reseller/ DistributorMajor national carrier providing commercial and personal insurance through POWERS.
• Nationwide (Private Client)coreChannel Partner/ Reseller/ DistributorHigh-value personal insurance and commercial products through POWERS agency.
• MarkelcoreChannel Partner/ Reseller/ DistributorSpecialty insurance carrier serving niche markets and difficult-to-place risks.
• Progressive CommercialcoreChannel Partner/ Reseller/ DistributorCommercial insurance carrier offering vehicle and business coverage.
• RLI InsurancecoreChannel Partner/ Reseller/ DistributorSpecialty insurance carrier offering commercial lines and niche products.
• MetLifecoreChannel Partner/ Reseller/ DistributorMajor insurance carrier providing employee benefits and personal coverage.
• State AutocoreChannel Partner/ Reseller/ DistributorRegional carrier offering personal and commercial insurance products.
• Stillwater (The Hartford)coreChannel Partner/ Reseller/ DistributorEnvironmental and specialty insurance products.
• National General InsurancecoreChannel Partner/ Reseller/ DistributorSpecialty personal insurance products including auto and home.

Scale indicators4 records

Recent moves4 records

Expansion highlights5 records

Direct 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

• LinkedInlinkedin.com/company/powers-insurance-and-benefits

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&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