Power Risk Management & Insurance

Power Risk Management announces the acquisition of Anchor Insurance, Inc.

Steve Mikuzis — Tue, 01 Oct 2024 17:51:22 +0000

Galina Barash joins the Power Risk Management team.

Steve Mikuzis — Sat, 14 Sep 2024 17:47:57 +0000

Power Risk Management receives Carrier Accolades for 2023

Steve Mikuzis — Sun, 21 Jan 2024 18:25:41 +0000

Can an Insurance Carrier Force You to Raise the Value of your Buildings?

Ted Apostolopoulos — Thu, 06 Apr 2023 00:30:09 +0000

Can an Insurance Carrier Force you to Raise the Building Value on your Insurance Policy? As a property owner, it is essential to understand the importance of insurance and the factors that can affect your coverage. One of the critical aspects of property insurance is the value of the property being insured, which is usually […]

The post Can an Insurance Carrier Force You to Raise the Value of your Buildings? first appeared on Power Risk Management & Insurance.

Understanding Life Insurance – What Makes Sense for You and Your Family

Tom Klonowski — Thu, 06 Apr 2023 00:22:50 +0000

Life insurance is a financial tool that provides a lump sum payment to your loved ones in the event of your untimely death. Although most don’t want to discuss the sensitive subject, purchasing life insurance can be essential in securing your family’s financial future. In this blog, we will explore why and when you should […]

The post Understanding Life Insurance – What Makes Sense for You and Your Family first appeared on Power Risk Management & Insurance.

What are the Personal Risks of Serving on a Board of Directors

Sam Quijano — Sat, 04 Mar 2023 01:32:34 +0000

Serving on a non-profit or paid board of directors can be a fulfilling and rewarding experience. It allows you to make a difference in the community or industry you care about, network with other professionals, and develop leadership skills. However, being a board member also comes with personal liability and fiduciary risks that you should […]

The post What are the Personal Risks of Serving on a Board of Directors first appeared on Power Risk Management & Insurance.

Must have insurance coverage list for the first time real estate investor.

Sam Quijano — Sat, 04 Mar 2023 01:25:02 +0000

Commercial habitational buildings are properties rented out to tenants for residential purposes. These buildings require specific insurance coverage to protect the property owner from financial losses from accidents, damage, or lawsuits. Note that every risk is different, and you should work with a licensed insurance broker specializing in property rented to others to ensure you […]

The post Must have insurance coverage list for the first time real estate investor. first appeared on Power Risk Management & Insurance.

Considering using your home as a short-term rental? Insurance facts you need to know.

Sam Quijano — Sat, 04 Mar 2023 01:15:23 +0000

Are you considering your home or investment property as a vacation rental through platforms like Airbnb or VRBO? In Illinois, it’s essential to understand the insurance requirements and potential liability risks involved. While hosting guests in your home can be a great way to earn extra income, ensuring you have the right insurance coverage to […]

The post Considering using your home as a short-term rental? Insurance facts you need to know. first appeared on Power Risk Management & Insurance.

Why you need Cyber Insurance for your Small Business

Tom Klonowski — Sat, 11 Feb 2023 00:10:01 +0000

Cyber insurance has become increasingly important for small businesses in today’s digital age. With the rise of technology and the internet, small businesses are now more vulnerable to cyber attacks, data breaches, and other cyber threats. Here are some reasons why having cyber insurance is crucial for small businesses in Illinois: Protects your business from […]

The post Why you need Cyber Insurance for your Small Business first appeared on Power Risk Management & Insurance.

Property Owners: Insurance Red Flags You need to be aware of

Tom Klonowski — Sat, 11 Feb 2023 00:03:39 +0000

Whether you are a first-time homebuyer, buying your dream vacation home or just looking to switch insurance carriers – securing a homeowner’s insurance policy that will give you peace of mind is crucial! There are several red flags that could prevent you from getting a favorable insurance quote. Understanding these red flags and how to […]

The post Property Owners: Insurance Red Flags You need to be aware of first appeared on Power Risk Management & Insurance.