Westfield Insurance

Name

Westfield Insurance

Legal name

Ohio Farmers Insurance Company

Website

https://westfieldinsurance.com

Company type

Private

Founded year

1848

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Property and Casualty Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers (5241), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Commercial Property Insurance (FSAJACAE)

akta.pro secondary industries

Public Liability (Premises/Operations) (FSAJADAD), Commercial Umbrella Insurance (FSAJANAB), Premises/Operations Liability Umbrella / Excess (FSAJANAL), Product Liability & Recall (FSAJAGAG)

Keywords

• Property casualty insurance
• Commercial insurance
• Personal insurance
• Surety bonds
• Farm agribusiness insurance

Headquarters

HQ city

Westfield Center

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Commercial/Business Insurance Premiums: Property and casualty insurance premiums from business customers including general liability, commercial property, workers compensation, commercial auto, and other commercial coverages. The company offers coverage to businesses of all sizes across 21 states and multiple industries including contractors, manufacturers, healthcare, hospitality, real estate, retail, and agribusiness.
2. Personal Insurance Premiums: Property and casualty insurance premiums from individual customers including homeowners, auto, condo, and umbrella coverage. The company provides bundled package options like WesPak that combine home and auto coverage.
3. Farm and Agribusiness Insurance: Specialized insurance products for agricultural operations including farms, ranches, and agribusiness entities. This represents a heritage market segment for the company given its founding by Ohio farmers in 1848.
4. Surety Bonds: Commercial and contract surety bonds that ensure project and contractual obligations are met. Offered through Westfield's surety division.
5. Westfield Specialty: International specialty insurance operations including management liability, excess and surplus (E&S) property, and complex coverages. The company has expanded into Lloyd's of London through acquisition of Syndicate 1200 and international specialty markets.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Westfield Insurance is a multi-line property and casualty insurance carrier offering commercial, personal, farm/agribusiness, surety, and specialty insurance products. The company operates primarily through a network of independent insurance agents across 21 U.S. states and provides direct customer service via the MyWestfield portal and contact centers, while its Westfield Specialty division handles international specialty and excess and surplus lines including Lloyd's of London Syndicate 1200.

Product overview

Westfield Insurance is a multi-line insurance carrier offering a comprehensive portfolio of business and personal insurance products. The business offerings center on the SureStep BOP (Business Owners Policy) as a bundled foundational product, complemented by specialized coverages including General Liability, Commercial Property, Business Interruption, Commercial Auto, Workers' Compensation, Cyber Insurance, Crime, Equipment Breakdown, Inland Marine, and Commercial Umbrella. For personal lines, WesPak and WesPak Estate provide bundled home and auto packages. Westfield Specialty serves as a distinct sub-brand for international specialty and excess & surplus lines. The portfolio also includes value-added services such as the Ting fire safety sensor, MyWestfield customer portal, MissionSafe safe driving program, SuretySync bond management, and risk control/premium audit services. The company operates primarily through independent insurance agents across 21 U.S. states.

Differentiator

Problem solved

Functional benefit

Products and services

• SureStep BOP (Business Owners Policy) A bundled small business insurance policy combining property, business interruption, and general liability coverage with optional industry-specific endorsements, designed as the foundational commercial product for small business owners.
• General Liability Insurance Business liability coverage that protects businesses from lawsuits and claims related to incidents on their properties. Targeted at business customers across industries.
• Commercial Property Insurance Coverage safeguarding owned or leased buildings, on-site equipment, and business assets against property damage. For business customers of all sizes.
• Business Interruption Insurance Coverage for ongoing expenses and cash flow maintenance when business operations are disrupted by a covered event. For business customers.
• Commercial Auto Insurance Protection for vehicles used for business purposes, including trucks and vans. For business customers with commercial fleets or vehicles.
• Equipment Breakdown Insurance Coverage shielding businesses from costly repairs when equipment fails due to mechanical or electrical issues. For business customers.
• Inland Marine Insurance Protection for valuable business assets like tools and supplies while in transit or stored at temporary locations. For contractors and businesses with mobile equipment.
• Crime Insurance Business protection against theft of money and securities, whether on-site or off-site. For business customers.
• Commercial Cyber Insurance Coverage helping businesses respond to and recover from cyber-attacks including data breaches and phishing attempts. For business customers of all sizes.
• Commercial Umbrella Insurance Additional liability coverage exceeding the limits of primary commercial insurance policies. For business customers seeking excess protection.
• Workers' Compensation Insurance Coverage for medical care, rehabilitation costs, and lost income of employees injured on the job. For business customers with employees.
• Surety Bonds A broad selection of commercial and contract surety bonds helping contractors and businesses meet project commitments and contractual obligations.
• Homeowners Insurance Standard coverage for homes protecting against property damage and related risks. For individual consumers and families.
• WesPak (Home & Auto Package) Bundled home and auto insurance package offering combined coverage with potential cost savings for individual consumers.
• WesPak Estate Comprehensive insurance coverage for high-value homes and luxury properties. For individual consumers with estate-level residences.
• Condo Insurance Coverage specifically designed for condominium owners, addressing unit and personal property risks. For individual consumers owning condos.
• Inland Flood Insurance Coverage for flood damage not typically covered by standard homeowners policies. For individual consumers in flood-exposed areas.
• Home Equipment Breakdown Coverage for major home systems and equipment failures. For individual homeowners.
• Personal Umbrella Insurance Additional liability coverage beyond standard home and auto policy limits. For individual consumers seeking excess personal liability protection.
• Service Line Coverage Protection for underground service lines to the home. For individual homeowners.
• Auto Insurance Vehicle coverage protecting against accidents, theft, and damage. For individual consumers.
• Loan Gap Coverage Coverage for the gap between what is owed on a vehicle and its actual cash value if totaled. For individual auto policyholders.
• Uninsured Motorist Coverage Protection against drivers who lack adequate insurance coverage. For individual auto policyholders.
• Personal Cyber Insurance Protection against cyber threats for personal digital assets and identity. For individual consumers.
• Identity Theft Protection Coverage and services for identity theft recovery and protection. For individual consumers.
• Farm & Agribusiness Insurance Specialized insurance coverages addressing the unique challenges of the agricultural sector, including farms, ranches, and agribusiness operations with farm property, livestock, crop, and equipment coverage.
• Westfield Specialty International specialty insurance division offering complex coverages including management liability, excess and surplus (E&S) property, and specialty lines for large commercial customers in the UK, EU, UAE, and Lloyd's of London markets.

Quantifiable outcome

• $4.4 billion in direct written premium demonstrates significant market scale and underwriting capacity
• +1 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Scale indicators5 records

Recent moves9 records

Expansion highlights6 records

Emerging players

• Markel Corporation: Specialty insurer with strong E&S, management liability, and Lloyd's operations via Markel International. Directly comparable to Westfield Specialty's Lloyd's Syndicate 1200 and specialty ambitions; a key competitor for specialty talent and broker relationships.

Direct peers

• Hanover Insurance Group: Regional P&C carrier with specialty division (Hanover Specialty) and personal/commercial lines sold through independent agents. Comparable structure with both standard and specialty operations similar to Westfield Specialty.
• Auto-Owners Insurance: Mutual P&C carrier distributing exclusively through independent agents across commercial, personal, and life lines. Direct comparable on independent agent model, multi-line product set, and private mutual ownership structure.
• Cincinnati Financial: Ohio-based mutual P&C insurer with very similar profile: independent agent distribution, multi-line commercial and personal coverage, AM Best A++ rating, comparable premium scale, and similar Midwest regional roots. The closest structural peer in the U.S. market.
• EMC Insurance: Midwest-based regional P&C carrier (affiliated with Employers Mutual) focused on commercial lines and distributed through independent agents. Similar geographic concentration, commercial focus, and regional mutual-style structure.
• Erie Insurance: Mid-Atlantic/Pennsylvania-based P&C insurer operating through exclusive and independent agents across personal, commercial, and life lines. Similar size, mutual/closely-held structure, and emphasis on regional agent-driven distribution.
• Selective Insurance Group: Mid-Atlantic regional P&C insurer focused on commercial lines and specialty coverages distributed through independent agents. Comparable size, segment focus, and East Coast/Mid-Atlantic geographic overlap with Westfield.

Broad incumbents

• The Hartford: Larger public P&C insurer with deep small commercial, workers' comp, and specialty offerings distributed through independent agents. Broader portfolio and national footprint, but overlapping core commercial customers and SureStep-style BOP products.
• Travelers Companies: Largest U.S. independent agent P&C carrier with national footprint, broad commercial and personal lines, and significant specialty operations. Competes with Westfield in commercial accounts and represents the scale benchmark for agent-distributed P&C.

Regional players

• Beazley plc: Lloyd's-focused specialty insurer with international operations across management liability, E&S property, and specialty lines. Operates in U.K./global markets rather than primarily U.S., but a direct competitor for Westfield Specialty International's Lloyd's Syndicate 1200 business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/c/WestfieldIns
• Facebookfacebook.com/westfieldins
• LinkedInlinkedin.com/company/westfield-group-westfield-insurance
• Instagraminstagram.com/westfield1848/?hl=en
• Xx.com/westfieldins

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries11 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 Westfield Insurance