CompSource Mutual
- Company typePrivate
- Founded1930
- HeadquartersOklahoma City, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
CompSource Mutual firmographics
Firmographics- Name
- CompSource Mutual
- Legal name
- CompSource Mutual Insurance Co.
- Website
- https://compsourcemutual.com
- Company type
- Private
- Founded year
- 1930
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
CompSource Mutual industry classification
Industry- Product category
- Workers' Compensation Insurance
- NAICS
- Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers and Related Activities (524)
- SIC
- Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Workers’ Compensation Insurance (FSAJAMAF)
- akta.pro secondary industries
- Workers’ Compensation for Small Business & Pay-As-You-Go Programs (FSAJAEAG), Workers’ Compensation Insurance for Staffing/PEO & Contingent Workforce (FSAJAEAE)
Keywords
Where CompSource Mutual is headquartered
LocationHeadquarters
- HQ city
- Oklahoma City
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
CompSource Mutual business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Workers' Compensation Insurance Premiums: CompSource Mutual generates revenue through insurance premiums charged to policyholders for workers' compensation coverage. Premium amounts are based on estimated annual payroll, risk classification, and experience modification rates. Final premiums are adjusted through annual premium audits.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Workers' compensation insurance quote — custom pricing based on business profile |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
CompSource Mutual product offering
Product offeringCore offering
CompSource Mutual provides workers' compensation insurance coverage to Oklahoma businesses across all industries. Premiums are calculated per $100 of payroll based on industry class code, employee count, and experience modification rate, with annual premium audits. The offering is bundled with claims management, a 24/7 nurse advice line, safety and loss prevention services, a policyholder self-service portal, and certificate of insurance management.
Product overview
CompSource Mutual is a workers' compensation insurance provider offering a unified insurance product with integrated service modules. The core offering is workers' compensation insurance coverage for Oklahoma businesses. This core product is supported by ancillary service modules including ConsultCare (24/7 nurse advice line), Safety & Loss Prevention Services (training and consultant resources), Premium Audit Support, Certificate of Insurance management, Policyholder Online Portal, and Special Investigations Unit for fraud detection. The company also provides industry-specific coverage for sectors including construction, agriculture, oil & gas, healthcare, manufacturing, retail, restaurants, and more.
Differentiator
Problem solved
Functional benefit
Brands
- ConsultCare: A 24/7 nurse advice line available exclusively to CompSource Mutual policyholders for non-emergency medical advice and guidance.
Products and services
- Workers' Compensation Insurance Core workers' compensation insurance coverage for Oklahoma businesses, providing medical benefits, wage replacement, and disability coverage for work-related injuries and illnesses. Coverage is available for all 50 states with premiums based on payroll, industry class code, and experience modification rate.
- ConsultCare Nurse Advice Line 24/7/365 nurse advice phone line providing non-emergency medical guidance, provider referrals, telemedicine virtual visits, and multilingual support (Spanish and 200+ other languages) for policyholders' injured workers.
- Safety and Loss Prevention Services Industry-specific safety training videos, checklists, safety talks, safety manuals, and on-site safety consultant services to help policyholders reduce workplace injuries and lower premium costs.
- Premium Audit Support Assistance navigating the annual premium audit process, including documentation review and identification of potential credits to reduce final premiums for policyholders.
- Special Investigations Unit (SIU) Fraud detection and investigation services working with policyholders and the Oklahoma State Attorney General's office to identify and prosecute workers' compensation fraud.
Quantifiable outcome
- Certificate of insurance requests fulfilled within 24 business hours
- +1 more outcomes
Companies that use CompSource Mutual
Customer profileSegments6 records
Ideal customer profiles5 records
CompSource Mutual technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature3 records
CompSource Mutual partnerships and signals
Strategic signalScale indicators3 records
Recent moves7 records
Expansion highlights5 records
CompSource Mutual competitors and assessment
Company assessmentDirect peers
- Builders Mutual Insurance Company: A regional mutual workers' compensation carrier specializing in the construction industry across the Southeast and Mid-Atlantic. It is comparable to CompSource as a regional mutual with vertical specialization and similar policyholder-owned governance model.
- AF Group (American Fidelity): AF Group operates Accident Fund Holdings, a specialty workers' compensation carrier serving SMBs across multiple states. It is a direct peer in workers' comp underwriting focus, with multi-state operations that provide a model for CompSource's planned national expansion.
- Accident Fund Holdings: A specialty workers' compensation carrier owned by AF Group that writes business across multiple states with a focus on high-risk industries similar to CompSource's construction and manufacturing verticals. Highly comparable for product mix, agent distribution, and vertical specialization.
- Texas Mutual Insurance Company: Texas's state-anchored workers' compensation mutual insurer and the most direct comparable to CompSource. Both are single-state workers' comp mutuals with deep vertical specialization, agent distribution, and safety service offerings, making it the closest analog for benchmarking underwriting, expense ratio, and conversion economics.
- State Compensation Insurance Fund: California's state-established workers' compensation carrier. Like CompSource, it is a mission-driven carrier focused exclusively on workers' comp with employer education and safety services, providing a peer benchmark for a single-state workers' comp specialist of larger scale.
Broad incumbents
- The Hartford: A broad-line P&C carrier with a strong workers' compensation franchise especially among mid-sized and large employers. Comparable as a competitor for the same customer base and as a benchmark for cross-selling and service-bundle sophistication.
- Travelers: The largest U.S. workers' compensation writer by premium volume. As an incumbent with national agency networks and broad service capabilities, Travelers is the dominant competitor CompSource would confront in any state outside Oklahoma.
- Liberty Mutual Insurance: One of the largest U.S. property & casualty insurers with a substantial workers' compensation book. It competes with CompSource for the same employer customers at the mid-market and national-account level and represents the scale and product breadth that CompSource would face in any national expansion.
Regional players
- EMC Insurance Companies: A Midwest-focused P&C carrier with a meaningful workers' compensation franchise serving SMBs and mid-market employers. Comparable as a regional carrier with overlapping customer segments in similar industries, providing a peer for geographic-adjacent expansion scenarios.
Emerging players
- Pie Insurance: An insurtech workers' compensation carrier that uses digital distribution and data-driven underwriting to serve SMBs nationally. While much smaller and earlier-stage than CompSource, Pie represents the emerging digital-native competitive threat to CompSource's Oklahoma SMB franchise.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
CompSource Mutual social profiles
Digital presenceCompSource Mutual compliance and trust
Trust signalCompliance1 record
CompSource Mutual financial estimates
Financial estimateRevenue estimate
Valuation estimate
CompSource Mutual leadership team
Management profileNumber of profiles
Profiles6 records
CompSource Mutual funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CompSource Mutual 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 CompSource Mutual
What does CompSource Mutual do?
CompSource Mutual provides workers' compensation insurance coverage to Oklahoma businesses across all industries. Premiums are calculated per $100 of payroll based on industry class code, employee count, and experience modification rate, with annual premium audits. The offering is bundled with claims management, a 24/7 nurse advice line, safety and loss prevention services, a policyholder self-service portal, and certificate of insurance management.
Is CompSource Mutual a public or private company?
CompSource Mutual is a private company. It is classified as unknown and is currently operating.
When was CompSource Mutual founded?
CompSource Mutual was founded in 1930. It employs 251 to 500 people.
Where is CompSource Mutual based?
CompSource Mutual is headquartered in Oklahoma City, United States, in the North America region.
How does CompSource Mutual make money?
One revenue line is on record: workers' Compensation Insurance Premiums.
Who are CompSource Mutual's main competitors?
Direct peers on record are Builders Mutual Insurance Company, AF Group (American Fidelity), Accident Fund Holdings, Texas Mutual Insurance Company and State Compensation Insurance Fund. Broad incumbents are The Hartford, Travelers and Liberty Mutual Insurance. EMC Insurance Companies is listed as a regional player. Pie Insurance is listed as an emerging player.
Does CompSource Mutual have an API?
No public API is recorded for CompSource Mutual.
What industry is CompSource Mutual in?
CompSource Mutual's product category is Workers' Compensation Insurance. Its primary akta.pro industry code is FSAJAMAF, Workers’ Compensation Insurance, with a secondary code of FSAJAEAG, Workers’ Compensation for Small Business & Pay-As-You-Go Programs. Its NAICS code is 52412 and its SIC code is 6331.