Our society is becoming increasingly litigious. The threat of a lawsuit hangs over every business transaction, large or small. Even employers who rigorously adhere to the letter of the law are likely to be sued at some point by an aggrieved employee or customer. While many suits are groundless, defending against them is costly and […]
Jewelry Insurance should be a standalone policy, separate from your homeowners insurance. Having a separate policy, ensures that your homeowners insurance will not increase if you file a claim. More importantly, Jewelry insurance has superior coverage over a standard homeowners policy. Jewelry insurance will cover the entire replacement value of your jewelry, whereas homeowners policies […]
Hospitality Services, I know you’re scrambling to survive and overwhelmed with conflicting information. In the spirit of trying to help you as much as possible, I want to share with you everything I’ve seen evolve in recent days. I am not an expert from a legal, accounting or banking standpoint, but I will continue to […]
First, I can’t thank you enough for taking the safety and health concerns so seriously to protect our communities. The recent events and actions surrounding the Coronavirus Disease 2019 (COVID-19) are evolving by the hour. My Team and I have witnessed the measures you have taken over the course of the last couple weeks. I […]
Given the implications of the coronavirus (COVID-19) outbreak, countless employees across a variety of industries are working remotely. While this allows businesses to remain operational, it can create a number of risks, particularly for those who fail to take the proper precautions. Above all, information security is one the greatest challenges for companies allowing remote […]
You’ve probably heard of sinkholes, the hollowed-out portions of soil that sometimes collapse, taking houses, cars, and — in rare cases — human beings with them. But what you might not realize is that sinkholes are fairly common. In fact, in the United States, approximately 20% of the land is susceptible to sinkholes. As such, it’s often a […]
If you have a vehicle then you know that insurance is a necessity. What if you own a valuable vehicle? Do you know if your auto insurance will cover the entire value of your vehicle if you are in an accident? A lot of traditional insurance companies have set limits on the payout of claims. […]
JD Powers, President of POWERS Insurance & Risk Management, was recently recognized by Insurance Business America in the magazine’s fifth-annual “Top Producers” article. Insurance Business Magazine is considered the country’s leading business magazine for today’s sophisticated commercial Insurance Broker and this year’s full annual top producers edition singled out 65 insurance brokers across the country who met […]
The announcement of our Emerging Risks Division has been met with an overwhelmingly strong reception, both publicly and in the news. Last week, POWERS Insurance announced the new division, which is focused on applying risk management techniques to the rapidly evolving industries of cannabis, cyber, renewable energy and technology. JD Powers, president of POWERS Insurance […]
This spring, I received a call that all advisors dread. It was following the spring rains and a client who lives in St. Louis County called to let me know that they woke up with a sink hole in their backyard and had some damage. Unfortunately, at the time of writing the policy we had […]
