Healthcare Providers Insurance Company

Healthcare Professional Liability Insurancehpico.com

Healthcare Providers Insurance Company (HPIC) is a Madison, US-based for-profit specialty insurer founded in 2003 that provides professional liability and workers compensation insurance to healthcare providers and healthcare systems. The firm operates with 11-50 employees.

Company typePrivate
Founded2003
HeadquartersMadison, United States
Headcount11–50
GTM typeB2B
OfferingServices

Healthcare Providers Insurance Company firmographics

Firmographics

Name: Healthcare Providers Insurance Company
Website: https://hpico.com
Company type: Private
Founded year: 2003
Operating status: Operating
Headcount range: 11–50 employees
Short description: Healthcare Providers Insurance Company (HPIC) is a Madison, US-based for-profit specialty insurer founded in 2003 that provides professional liability and workers compensation insurance to healthcare providers and healthcare systems. The firm operates with 11-50 employees.
Ownership category
akta.pro rank

Healthcare Providers Insurance Company industry classification

Industry

Product category: Healthcare Professional Liability Insurance
NAICS: Direct Property and Casualty Insurance Carriers (524126)
SIC: Fire, Marine & Casualty Insurance (6331)
akta.pro primary industry: Professional Liability (E&O) (FSAJAGAC)
akta.pro secondary industry: Workers’ Compensation Insurance (FSAJAKAM)

Keywords

Professional liability insurance
Workers compensation insurance
Medical malpractice coverage
Healthcare provider insurance
Healthcare risk management

Where Healthcare Providers Insurance Company is headquartered

Location

Headquarters

HQ city: Madison
HQ country: United States
HQ region: North America

Markets served

Healthcare Providers Insurance Company business model

Business model

GTM type: B2B
Offering type: Services

Healthcare Providers Insurance Company product offering

Product offering

Core offering

HPIC provides professional liability insurance and workers compensation insurance to healthcare providers and healthcare systems. The company underwrites specialty coverage lines tailored to the operational and clinical risk exposures of medical practices, hospitals, and integrated delivery networks.

Differentiator

Problem solved

Functional benefit

Products and services

Professional Liability Insurance

Companies that use Healthcare Providers Insurance Company

Customer profile

Segments1 record

Ideal customer profiles1 record

Healthcare Providers Insurance Company technology and API

Technology

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Healthcare Providers Insurance Company partnerships and signals

Strategic signal

Scale indicators1 record

Healthcare Providers Insurance Company competitors and assessment

Company assessment

Direct peers

The Doctors Company: Largest physician-owned medical professional liability carrier in the U.S., directly comparable to HPIC in providing med-mal coverage to healthcare providers, with significantly greater scale and capital.
Medical Protective (MedPro Group): A Berkshire Hathaway-owned medical professional liability insurer serving healthcare providers and systems, directly comparable to HPIC's core med-mal and healthcare-focused underwriting.
ProAssurance: Specialty property/casualty insurer with a major medical professional liability book for healthcare providers and systems, directly comparable in target customer and product mix.
Coverys: Medical professional liability insurer offering med-mal and related coverages to hospitals, physicians, and healthcare systems, directly comparable in niche focus.
NORCAL Mutual (now part of ProAssurance): Historical medical professional liability carrier for physicians and healthcare groups; its consolidation into ProAssurance illustrates the scale dynamics small healthcare-focused carriers face relative to HPIC.

Broad incumbents

CNA Financial: Large commercial P&C insurer with a dedicated healthcare professional liability unit serving hospitals and healthcare systems, comparable in product line but with vastly broader portfolio.
Chubb: Global P&C carrier offering healthcare professional liability, workers' compensation, and related coverages to hospitals and large healthcare systems, comparable on product breadth but at much larger scale.
Zurich Insurance: Large multinational insurer providing healthcare professional liability and workers' compensation products to hospitals and provider groups, overlapping with HPIC's dual-line offering.
Liberty Mutual Insurance: Major U.S. workers' compensation and commercial liability carrier with healthcare industry programs, comparable to HPIC on the workers' comp side though much broader.

Regional players

Mutual of Omaha: Mid-size U.S. insurer with healthcare professional liability and workers' comp offerings aimed at smaller provider groups; comparable in targeting healthcare customers but operates at a different scale and footprint than HPIC.

Market position

Customer concentration

Healthcare Providers Insurance Company financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Healthcare Providers Insurance Company leadership team

Management profile

Number of profiles

Healthcare Providers Insurance Company funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Healthcare Providers Insurance Company M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Healthcare Providers Insurance Company

What does Healthcare Providers Insurance Company do?

Is Healthcare Providers Insurance Company a public or private company?

Healthcare Providers Insurance Company is a private company. It is classified as unknown and is currently operating.

When was Healthcare Providers Insurance Company founded?

Healthcare Providers Insurance Company was founded in 2003. It employs 11 to 50 people.

Where is Healthcare Providers Insurance Company based?

Healthcare Providers Insurance Company is headquartered in Madison, United States, in the North America region.

Who are Healthcare Providers Insurance Company's main competitors?

Direct peers on record are The Doctors Company, Medical Protective (MedPro Group), ProAssurance, Coverys and NORCAL Mutual (now part of ProAssurance). Broad incumbents are CNA Financial, Chubb, Zurich Insurance and Liberty Mutual Insurance. Mutual of Omaha is listed as a regional player.

Does Healthcare Providers Insurance Company have an API?

No public API is recorded for Healthcare Providers Insurance Company.

What industry is Healthcare Providers Insurance Company in?

Healthcare Providers Insurance Company's product category is Healthcare Professional Liability Insurance. Its primary akta.pro industry code is FSAJAGAC, Professional Liability (E&O), with a secondary code of FSAJAKAM, Workers’ Compensation Insurance. Its NAICS code is 524126 and its SIC code is 6331.