CAMICO
CAMICO is a CPA-owned mutual insurance company founded in 1986 that underwrites Accountants Professional Liability and multi-line coverages (EPL, CyberCPA, Workers' Comp, BOP) for more than 8,000 U.S. CPA firms, bundled with in-house loss-prevention, claims, CPE, and risk-management member services.
- Company typePrivate
- Founded1986
- HeadquartersRedwood City, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What CAMICO does
CAMICO Mutual Insurance Company is a CPA-owned mutual insurance carrier founded in 1986 in California by a group of CPAs in response to a hardening professional liability market, and is now headquartered in Redwood City/San Mateo, California. The company writes Accountants Professional Liability (APL) insurance as its core product — claims-made-and-reported policies with limits up to $2 million underwritten by CAMICO Mutual directly and limits up to $15 million placed through the CAMICO-Berkley Program (Berkley Alliance Managers, a W.R. Berkley Corporation company). It serves more than 8,000 CPA firm policyholders across all 50 U.S. states and the District of Columbia (NAIC #36340) and is rated A- (Excellent) by A.M. Best as of July 2024.
Beyond APL, CAMICO operates a multi-line platform that bundles Employment Practices Liability, CyberCPA cyber liability (by endorsement or stand-alone), Workers' Compensation (underwritten by The Hartford), and a Business Owners Package, all placed through its wholly owned agency, CAMICO Services, Inc. Every policy carries a bundled risk-management services stack: a 24-7-365 Members-Only Site portal, unlimited in-house Loss Prevention advice hotlines (staffed by CPAs averaging 25+ years' experience), proactive claims handling and subpoena services, NASBA-accredited CPE via a Thomson Reuters-hosted Learning Center (~20 free CPE credits per year), an engagement letter library and review service, and a Speakers Bureau. Distribution is sales-led through direct account executives, with online eBusiness quoting available for smaller CPA firms (up to 3 CPAs/non-CPA professionals and $500,000 or less in revenues).
The business model is recurring annual premiums on a mutual ownership basis, with revenue derived primarily from subscription/recurring insurance premium streams across the multi-line book plus investment income on float; pricing is quote-based and not publicly disclosed. Operationally, CAMICO deployed Pibit.AI's CURE™ AI-driven underwriting platform in June 2026 to modernize submission decisioning across its 8,000-firm book, reporting 99.9% claimed precision. The company is led by President & CEO Michael A. Ray (since January 2025) with Ric Rosario as Chairman, and is celebrating its 40th anniversary in 2026.
CAMICO firmographics
Firmographics- Name
- CAMICO
- Legal name
- CAMICO Mutual Insurance Company
- Website
- https://camico.com
- Company type
- Private
- Founded year
- 1986
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- CAMICO is a CPA-owned mutual insurance company founded in 1986 that underwrites Accountants Professional Liability and multi-line coverages (EPL, CyberCPA, Workers' Comp, BOP) for more than 8,000 U.S. CPA firms, bundled with in-house loss-prevention, claims, CPE, and risk-management member services.
- Ownership category
- akta.pro rank
CAMICO industry classification
Industry- Product category
- CPA Professional Liability Insurance
- NAICS
- Direct Insurance (except Life, Health, and Medical) Carriers (52412)
- SIC
- Insurance Carriers, Nec (6399)
- akta.pro primary industry
- Commercial Package / Business Owners Policies (BOP) (FSAJAMAG)
Keywords
Where CAMICO is headquartered
LocationHeadquarters
- HQ city
- Redwood City
- HQ country
- United States
- HQ region
- North America
Markets served
CAMICO business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Others, Marketing or Sales
Revenue model
- Professional Liability Insurance Premiums: Core recurring revenue stream from CPA Accountants Professional Liability Insurance (claims-made and reported policies) issued primarily by CAMICO Mutual Insurance Company for limits of $2 million or less, and through the CAMICO-Berkley Program (Berkley Alliance Managers, a W.R. Berkley Corporation company) for higher limits. Per-claim limits up to $15 million available. Policy includes potential claims expenses not charged against deductible or limit, 50% deductible reduction (up to $50,000) for early reporting, and a $100,000 sub-limit grace-period provision.
- Employment Practices Liability Insurance Premiums: Recurring EPL premiums covering discrimination, wrongful termination, sexual harassment, retaliation, and third-party claims, with limits up to $1 million and coverage for full-time, part-time, contract workers, and independent contractors. Includes unlimited telephone/email consulting services, an Employer Resource Center, employee handbook builder, and harassment-prevention training.
- Cyber Liability (CyberCPA) Insurance Premiums: Recurring premiums for CyberCPA coverage (by endorsement of Professional Liability policies) covering privacy breach response, network asset protection, cyber extortion, cyber terrorism, and stand-alone cyber coverage for higher limits. Includes IT security/forensic experts, media relations, breach notification, credit monitoring, and identity theft assistance.
- Workers' Compensation and Business Owners Package Premiums: Workers' Compensation policies (underwritten by The Hartford group of companies and other underwriters) with Basic and Extended Broad Form Endorsements, Pay-As-You-Go billing, statutory limits and employer's liability up to $1 million; Business Owners Package (BOP) combining general liability and business property at limits of $1M/$2M and $2M/$4M with optional Business Interruption, Employee Dishonesty/ERISA, and Auto coverage. Placed through CAMICO's wholly owned agency.
- Members-Only Site and Risk Management Services (bundled with policies): No-additional-cost benefits bundled with PLI/EPL policies including unlimited advice hotlines, free NASBA-accredited CPE, 150+ sample engagement letters, Members-Only Site with Knowledge Tree and Resource Centers, eAlerts, and engagement letter review services. Acts as a retention/loyalty driver supporting the renewal economics of the premium streams.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Professional Liability Insurance — quote-based, claims-made and reported policies |
| Other | Annual | Employment Practices Liability Insurance — quote-based |
| Other | Annual | CyberCPA Coverage — quote-based (endorsement to PLI or stand-alone) |
| Other | Pay-as-you-go | Workers' Compensation and Business Owners Package — quote-based |
Go-to-market motion1 record
CAMICO product offering
Product offeringCore offering
CAMICO provides Accountants Professional Liability (claims-made) insurance and complementary coverages—Employment Practices Liability, CyberCPA, Workers' Compensation, and Business Owners Package—to CPA firms in the U.S., underwritten by CAMICO Mutual Insurance Company and via the CAMICO-Berkley Program. Every policy bundles a suite of member benefits: unlimited Loss Prevention advice hotlines staffed by CPA specialists, a Members-Only Site with 150+ engagement letter templates and Resource Centers, NASBA-accredited CPE through a Thomson Reuters-hosted Learning Center, proactive Claims Guidance including subpoena services, and a published engagement-letters book.
Product overview
CAMICO's offering is a platform-plus-modules architecture centered on a Professional Liability Insurance (PLI) core product for CPA firms, supplemented by named modules (Employment Practices Liability, CyberCPA Coverage, Workers' Compensation, Business Owners Package) and a complementary higher-limit underwriting channel (the CAMICO-Berkley Program for limits > $2M). Layered onto every policy is a unified suite of member services — the Members-Only Site web portal, Loss Prevention Advice Hotlines, Claims Guidance, Education and Training (CPE), the Engagement Letters Resource Center, and the Speaking Topics / Speakers Bureau — all included with the policy. Operationally, CAMICO deployed Pibit.AI's CURE™ AI underwriting platform to streamline submission decisioning across its PLI book. Together these products form CAMICO's CPA-focused insurance and risk management program covering ~8,000 CPA firm policyholders in the U.S.
Differentiator
Problem solved
Functional benefit
Brands
- CyberCPA: Cyber liability insurance coverage specifically tailored to the needs of CPA firms, available to CAMICO Mutual Professional Liability policyholders; includes Breach Response Services and first-party coverages such as Privacy Breach Response Costs, Network Asset Protection, Cyber Extortion and Cyber Terrorism.
- CAMICO-Berkley Program (BAM)
Products and services
- Professional Liability Insurance (Accountants Professional Liability / PLI) Claims-made-and-reported professional liability insurance covering CPA firms for damages arising from acts, errors, or omissions in the rendering of professional services. Limits up to $15 million per claim (underwritten by CAMICO Mutual for limits up to $2M and by the CAMICO-Berkley Program for higher limits), with broad definition of professional services, prior acts coverage, cyber coverage by endorsement, and bundled unlimited in-house risk management advice.
- Employment Practices Liability Insurance (EPL)
Companies that use CAMICO
Customer profileIdeal customer profiles3 records
CAMICO technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability6 records
Feature6 records
CAMICO partnerships and signals
Strategic signalRecent moves7 records
Expansion highlights5 records
CAMICO competitors and assessment
Company assessmentBroad incumbents
- Travelers: Travelers is a major U.S. P&C insurer with a management and professional liability practice that includes accountants professional liability, EPL, cyber, and BOP. It serves a similar small-to-mid CPA firm segment as CAMICO and competes on bundled coverage and price.
- Hiscox: Hiscox is a specialty insurer with a dedicated U.S. professional liability practice serving accountants, consultants, and other professionals. It competes with CAMICO for mid-market CPA firm PLI accounts and offers comparable cyber and EPL coverages, making it a broad incumbent in CAMICO's core market.
- Beazley: Beazley is a London-listed specialty insurer with a significant U.S. professional liability and cyber liability franchise. It writes accountants professional liability and is one of the most active cyber liability markets, directly overlapping with CAMICO's CyberCPA and PLI offerings for CPA firms.
- AXA XL: AXA XL is a major global specialty insurer with a U.S. professional liability practice covering accountants and other professional services firms. It competes with CAMICO at the upper end of the CPA market (larger firms needing higher limits) and offers similar cyber and management liability coverages.
- Chubb: Chubb is one of the largest U.S. professional liability insurers with accountants and professional services offerings targeting mid-to-large firms. It overlaps with CAMICO at the higher premium end and bundles similar cyber and EPL coverages to professional services clients.
- Markel Group: Markel is a specialty insurer with a professional liability practice serving accountants, consultants, and other professional services firms. It competes with CAMICO for mid-market CPA firm accounts and offers comparable cyber and management liability solutions.
- CNA Financial: CNA Financial has a long-standing professional liability franchise targeting accountants, lawyers, and other professionals. It competes with CAMICO for mid-to-large CPA firm accounts and offers a broad package of professional and management liability coverages similar in scope to CAMICO's PLI/EPL/CyberCPA bundle.
Direct peers
- The Hartford: The Hartford underwrites CAMICO's Workers' Compensation program through CAMICO's wholly owned agency. It is also a broader P&C and small-commercial insurer that sells professional liability and BOP products in adjacent segments to CAMICO's policyholders.
- AICPA Professional Liability Program: The AICPA-sponsored professional liability insurance program historically offered accountants PLI through third-party carriers and remains a comparable membership-affiliated insurance offering for CPA firms. CAMICO competes directly with this channel for member-owned mutual positioning and CPA-centric service bundling.
- W. R. Berkley Corporation: W.R. Berkley Corporation is CAMICO's underwriting partner for higher-limit Accountants Professional Liability via the CAMICO-Berkley Program (administered by Berkley Alliance Managers). While Berkley is a much larger specialty insurer, the partnership places it in direct distribution alignment with CAMICO for CPA accounts requiring limits above $2M.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
CAMICO social profiles
Digital presenceCAMICO compliance and trust
Trust signalCompliance4 records
CAMICO financial estimates
Financial estimateRevenue estimate
Valuation estimate
CAMICO leadership team
Management profileNumber of profiles
Profiles20 records
CAMICO subsidiaries and ownership
Company hierarchySubsidiaries1 record
CAMICO funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CAMICO M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CAMICO
What does CAMICO do?
CAMICO provides Accountants Professional Liability (claims-made) insurance and complementary coverages—Employment Practices Liability, CyberCPA, Workers' Compensation, and Business Owners Package—to CPA firms in the U.S., underwritten by CAMICO Mutual Insurance Company and via the CAMICO-Berkley Program. Every policy bundles a suite of member benefits: unlimited Loss Prevention advice hotlines staffed by CPA specialists, a Members-Only Site with 150+ engagement letter templates and Resource Centers, NASBA-accredited CPE through a Thomson Reuters-hosted Learning Center, proactive Claims Guidance including subpoena services, and a published engagement-letters book.
Is CAMICO a public or private company?
CAMICO is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was CAMICO founded?
CAMICO was founded in 1986. It employs 51 to 100 people.
Where is CAMICO based?
CAMICO is headquartered in Redwood City, United States, in the North America region.
How does CAMICO make money?
Five revenue lines are on record. Professional Liability Insurance Premiums are the primary driver. The others are employment Practices Liability Insurance Premiums, cyber Liability (CyberCPA) Insurance Premiums, workers' Compensation and Business Owners Package Premiums and members-Only Site and Risk Management Services (bundled with policies).
Who are CAMICO's main competitors?
Broad incumbents on record are Travelers, Hiscox, Beazley, AXA XL, Chubb, Markel Group and CNA Financial. Direct peers are The Hartford, AICPA Professional Liability Program and W. R. Berkley Corporation.
Does CAMICO have an API?
No public API is recorded for CAMICO.
What industry is CAMICO in?
CAMICO's product category is CPA Professional Liability Insurance. Its primary akta.pro industry code is FSAJAMAG, Commercial Package / Business Owners Policies (BOP). Its NAICS code is 52412 and its SIC code is 6399.