CopperPoint Insurance Companies

What CopperPoint Insurance Companies does

CopperPoint Insurance Companies is a privately held mutual insurance holding company headquartered in Phoenix, Arizona, that writes specialty workers' compensation insurance and an expanding multiline Property & Casualty offering for commercial accounts. Founded in 1925 as the State Compensation Fund, the company today serves more than 13,000 policyholders across all 50 states and Washington D.C., with concentrated underwriting expertise in Western U.S. states and industry verticals including Construction, Agriculture, Hospitality, and Healthcare. It operates through subsidiaries Pacific Compensation Insurance Company and Alaska National Insurance Company (both acquired in 2016) and, pending regulatory close, General Indemnity Group (announced 2026), which adds United Casualty & Surety Insurance Company, the BOSS Bonds placement platform, and SuretyBonds.Market to extend the franchise into nationwide commercial and contract surety.

CopperPoint distributes exclusively through independent insurance agents and brokers, supported by a digital stack comprising an Agent/Broker Portal (ProducerEngage), a Policyholder Portal (CustomerEngage), Straight-Through Processing for eligible monoline workers' comp submissions in core states, and CopperPay, a pay-as-you-go billing solution integrated with approved payroll providers and the Audit1 platform to calculate premium in real time against actual payroll. The company is rated A (Excellent) by AM Best with $5.3 billion in total assets, $1.84 billion in policyholders' surplus, $719 million in FY2025 Gross Written Premium, and approximately 780 employees. Recent leadership changes (new CEO Kellen Booher, CIO Thomas Beale, and Head of Product Mark Woods, all arriving from Chubb, Travelers, or technology backgrounds) signal an explicit shift toward digital transformation, multiline product expansion, and analytics-driven underwriting automation.

Revenue is generated through insurance premiums across three primary streams: workers' compensation (the core line), expanding P&C (automobile, inland marine, property, umbrella, general liability), and the newly acquired surety line. Premiums are subscription-style recurring revenue tied to payroll exposure or coverage period, with pay-as-you-go billing via CopperPay available in 19 states. Customer segmentation is hybrid and size-tiered, anchored by 7,000+ small business accounts (premiums under $25k), a middle-market book ($25k-$500k premiums) concentrated in four industry verticals, and an unrestricted large-account segment ($500k+).

Name

CopperPoint Insurance Companies

Legal name

CopperPoint Insurance Company

Website

https://copperpoint.com

Company type

Private

Founded year

1925

Operating status

Operating

Headcount range

251–500 employees

Short description

CopperPoint Insurance Companies is a Phoenix-based mutual insurance holding company founded in 1925 that underwrites specialty workers' compensation and an expanding multiline Property & Casualty book for more than 13,000 small, middle-market, and large commercial accounts across all 50 U.S. states, distributed exclusively through independent agents and brokers.

Ownership category

akta.pro rank

Headquarters

HQ city

Phoenix

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Workers' Compensation Insurance: Primary business line providing workers' compensation coverage. Premium is based on payroll exposure. The company serves small, middle market, and large account segments with monoline workers' comp and package offerings.
2. Property & Casualty Insurance: Expanding multiline P&C offerings including automobile, inland marine, property, umbrella, and general liability coverage for commercial accounts.
3. Surety Bonds: Commercial and contract surety solutions facilitated through acquired General Indemnity Group subsidiaries including United Casualty & Surety Insurance Company, BOSS Bonds, and SuretyBonds.Market platform. Covers construction, commercial, and public sector projects across all 50 states.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

CopperPoint Insurance Companies is a specialty commercial insurance carrier that underwrites and services Workers' Compensation insurance as its primary product, alongside an expanding multiline Property & Casualty offering (Automobile, Inland Marine, Property, Umbrella, and General Liability) and commercial/contract Surety bonds. The company serves small business, middle market, and large accounts across all 50 U.S. states and Washington D.C., distributing exclusively through independent insurance agents and brokers supported by digital self-service portals and CopperPay pay-as-you-go billing.

Product overview

CopperPoint Insurance Companies is a specialty insurance carrier with expertise in Workers' Compensation and an expanding multiline Property & Casualty offering. The company operates a platform-plus-modules architecture consisting of core insurance products (Workers' Compensation and Property & Casualty including Automobile, Inland Marine, Property, Umbrella, and General Liability), supported by digital service modules including CopperPay (pay-as-you-go billing), online portals for agents/brokers and policyholders, and Straight-Through Processing for expedited policy issuance. The portfolio also includes acquired brands Alaska National and PacificComp, and newly acquired surety operations including United Casualty & Surety Insurance Company, BOSS Bonds, and SuretyBonds.Market following the 2026 GIG acquisition. Supporting services include 24/7 Injury Helpline for triage support and integration with third-party billing vendor Audit1.

Differentiator

Problem solved

Functional benefit

Brands

• CopperPay: Pay-as-you-go workers' compensation billing software solution that calculates premium throughout the policy term using payroll reported each pay period
• Pacific Compensation Insurance Company
• Alaska National Insurance Company

Products and services

• Workers' Compensation Insurance Commercial workers' compensation insurance coverage for employer policyholders, providing workplace injury and illness benefits, risk management, loss control services, claims handling, and fraud prevention. Available across all 50 states with nearly 300 class codes and underwriting specialization in Construction, Agriculture, Hospitality, and Healthcare verticals.
• Property & Casualty Insurance Multiline commercial P&C insurance product including Automobile, Inland Marine, Property, Umbrella, and General Liability coverage, designed for complex severity-driven commercial exposures in targeted states and offered alongside workers' compensation.
• CopperPay Pay-as-You-Go Billing Pay-as-you-go billing software solution that calculates workers' compensation premium throughout the policy term based on payroll reported each pay period, with no down payment, automated premium deductions, and integration with hundreds of approved payroll providers or self-reporting through Audit1. Available in AK, AZ, CA, CO, FL, HI, ID, IL, KS, LA, MN, MO, MT, NM, NV, OK, OR, TX, UT.
• 24/7 Injury Helpline Phone-based triage support service that connects injured workers and employers to Medcor nurses for immediate clinical recommendations on appropriate care levels (self-care to medical treatment), reducing claim severity and directing injured workers to the right care setting.
• Alaska National Insurance Wholly-owned subsidiary insurance brand acquired in 2016, offering workers' compensation and commercial insurance solutions, with particular strength in the Alaska market and its own agent/broker portal at portal.alaskanational.com.
• PacificComp Insurance Wholly-owned subsidiary insurance brand acquired in 2016, complementing CopperPoint's workers' compensation expertise and expanding the company's geographic reach, particularly in Washington state.
• BOSS Bonds Surety Placement Surety bond placement platform operated by General Indemnity Group, providing efficient placement of commercial and contract surety bonds across all 50 U.S. states for construction, commercial, and public sector customers. Acquired by CopperPoint in May 2026.
• SuretyBonds.Market Proprietary digital technology platform for facilitating surety bond purchases across all 50 U.S. states, covering construction, commercial, and public sector projects. Operated by General Indemnity Group, acquired by CopperPoint in May 2026.
• United Casualty & Surety Insurance Company Insurance subsidiary of General Indemnity Group specializing in underwriting commercial and contract surety bonds nationwide across all 50 U.S. states. Wholly-owned by CopperPoint following the May 2026 acquisition.

Quantifiable outcome

• Over 7,000 small business customers served in the $25k and below premium range
• +2 more outcomes

Named customers1 record

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature7 records

Partnerships

Five partnerships are on record, tiered core.

• General Indemnity Group (GIG)coreStrategic or Co-development Partner · 18 May 2026CopperPoint signed a definitive agreement to acquire General Indemnity Group, an insurance holding company specializing in commercial and contract surety solutions operating across all 50 states and Washington D.C. The acquisition includes United Casualty & Surety Insurance Company, BOSS Bonds surety placement platform, and SuretyBonds.Market technology platform. Transaction expected to close before year-end 2026, pending regulatory approvals. This is CopperPoint's third acquisition in the past decade.
• Audit1coreTechnology or IntegrationAudit1 is the third-party vendor CopperPoint partners with to support the CopperPay billing process, including payroll reporting and premium calculation. The partnership enables real-time premium calculations based on actual payroll data reported through approved payroll providers or self-reported in the Audit1 portal.
• MedcorcoreTechnology or IntegrationMedcor provides the clinical triage support for CopperPoint's 24/7 Injury Helpline. When employers or injured workers call the helpline, they are connected to Medcor nurses who provide clinical recommendations for appropriate care levels, from self-care to seeking medical treatment.
• Pacific Compensation Insurance Company (PacificComp)coreStrategic or Co-development PartnerPacificComp is a subsidiary acquired in 2016 as part of CopperPoint's expansion strategy. It provides workers' compensation insurance primarily in Washington state and operates as part of the CopperPoint family of companies.
• Alaska National Insurance CompanycoreStrategic or Co-development PartnerAlaska National is a subsidiary acquired in 2016 as part of CopperPoint's expansion strategy. It provides workers' compensation and other insurance products, operating as part of the CopperPoint family of companies with its own agent/broker portal.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• The Hartford: Large national P&C carrier with a sizable workers' comp and small commercial business that competes for the same middle-market customers and agent relationships as CopperPoint.
• Chubb: Global P&C leader with significant U.S. workers' comp and middle-market commercial capability; relevant as the prior employer of CopperPoint's new CEO and as a benchmark for digital and product ambition.

Direct peers

• Texas Mutual Insurance Company: State-fund-style workers' comp mutual carrier serving Texas small businesses — structurally and operationally analogous to CopperPoint's origin as Arizona's state compensation fund.
• ICW Group Insurance Companies: Mutual specialty workers' comp and commercial P&C carrier based in the Western U.S. with a similar SMB/middle-market focus and independent agent distribution — the closest direct comparable to CopperPoint's core franchise.
• AmTrust Financial Services: Specialty P&C insurer with a substantial workers' compensation and small commercial book distributed through agents and brokers, overlapping with CopperPoint in target customer size and product mix.
• Employers Holdings (EIG): Workers' compensation specialist focused on small and mid-sized businesses in the Western U.S., with comparable monoline comp appetite and a similar agent/broker distribution model.
• Accident Fund Holdings: Workers' compensation specialty carrier serving mid-market and large accounts across multiple states, comparable to CopperPoint's middle-market and large-account segments.
• Builders Insurance Group: Workers' comp and commercial P&C carrier specializing in construction industry risks — directly comparable to CopperPoint's construction vertical specialization.
• EMC Insurance Companies: Specialty P&C insurer with a meaningful workers' comp and small commercial book distributed through independent agents, similar in size tier and channel orientation to CopperPoint.

Emerging players

• Pie Insurance: Insurtech workers' compensation carrier targeting small businesses through a digital, direct-ish model — directly competitive with CopperPoint's SMB segment on price and digital UX.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/copperpoint
• Xx.com/copperpointmu
• Facebookfacebook.com/copperpointmutual

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CopperPoint Insurance Companies