Insurors Indemnity

What Insurors Indemnity does

Insurors Indemnity, Inc. is a regional property and casualty insurer and surety bond writer headquartered in Waco, Texas, formed in 1983 with initial capital of $300,000 and now operating under parent holding company Chase Family Limited / Insurors Financial Corporation. The company writes commercial P&C coverage (artisan contractors, auto services, food industry, landlord's property, mercantile, office occupancies, services, and large habitational risks) and a surety bond book that includes contract bonds (up to $5M single / $10M aggregate) and more than 180 commercial bond types, with a Speed-E bond product of up to $500,000 for emerging contractors. Distribution is exclusively through a network of 414 appointed independent insurance agents across nine southwestern states (Arizona, Arkansas, Kansas, Louisiana, Nevada, New Mexico, Oklahoma, Texas, and Utah); the company does not sell direct to consumers and instead relies on agent partners supported by field marketing representatives, dedicated underwriting teams, and the ACT online rater for fast P&C quoting.

The core technology stack centers on internal and partner platforms rather than consumer-facing apps: ACT (an internal online rater and quoting system for commercial P&C submissions), the PCMS Atlas for Surety platform with AI-augmented underwriting for contractor financial and work-in-progress analysis, plus agent- and policyholder-facing portals integrated with Okta SSO, Adobe Sign for endorsements, ePayPolicy and ProfitStars Express for payments, and Olark for live chat. An A.M. Best A- (Excellent) financial strength rating (upgraded in 2008 from B++), a 1996 U.S. Treasury listing that permits federal bond writing, and wholly-owned subsidiaries including Insurors Indemnity Select, Roadrunner Indemnity Company, Insurors Indemnity General Agency, ValueSure Agency, Roadrunner Premium Finance, and the MGU Insurors Indemnity Underwriters frame the regulatory and group-level operating structure.

Revenue is generated through insurance premiums on admitted and non-admitted commercial P&C and surety policies and through bond premiums and fees, distributed entirely through independent agents who access dedicated underwriting capacity, multiple market relationships, and competitive contingency programs. Since leadership transitioned to Dave Talbert in July 2014 — following the January 2014 spin-off of the retail agency to its producers — the carrier has rebranded, broadened its southwestern footprint, expanded personal and commercial line products via its MGU, and adopted AI-augmented underwriting for surety, all while remaining a privately held, family-controlled regional carrier with 11-50 employees.

Name

Insurors Indemnity

Legal name

Insurors Indemnity, Inc.

Website

https://insurorsindemnity.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

11–50 employees

Short description

Insurors Indemnity is a Waco, Texas-based regional property and casualty insurer and surety bond writer distributing commercial P&C coverage, contract bonds, and 180-plus commercial bond types exclusively through 414 appointed independent agents across nine southwestern U.S. states.

Ownership category

akta.pro rank

Product category

Commercial Property & Casualty and Surety Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers (5241)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399), Surety Insurance (6351)

akta.pro primary industry

Data, Analytics & AI for Insurance (Risk, Pricing, Personalization) (FSAGAGAE)

akta.pro secondary industry

Surety & Bond Brokerage (FSAEADAI)

Keywords

• Commercial property insurance
• Surety bond underwriting
• Independent agent distribution
• Contract surety bonds
• Commercial casualty insurance

Headquarters

HQ city

Waco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: Collection of insurance premiums from commercial property and casualty policies underwritten by the company's admitted and non-admitted insurance carriers.
2. Surety Bonds: Writing of contract bonds (with $5M Single / $10M Aggregate capacity) and commercial bonds (over 180 types available). Revenue generated through bond premiums and fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Insurors Indemnity is a regional insurance carrier that underwrites and distributes commercial property and casualty insurance and surety bond products through a network of 414 independent insurance agents across nine southwestern U.S. states. The company offers both admitted and non-admitted capacity via multiple affiliated entities, including contract surety bonds (up to $5M single / $10M aggregate with Speed-E bonds up to $500,000 for emerging contractors) and more than 180 commercial bond types, alongside commercial P&C coverage spanning artisan contractors, auto services, food industry, mercantile, offices, landlord, and service classes. Underwriting and agent workflows are supported by an internal ACT online rater and the PCMS Atlas for Surety platform, which includes AI-augmented underwriting capabilities.

Product overview

Insurors Indemnity operates as a regional insurance underwriter offering a unified portfolio of commercial Property & Casualty insurance and Surety bond products distributed through independent agency partners. The core product suite comprises Property and Casualty Insurance Products (covering Artisan Contractors, Auto Services, Food Industry, Mercantile, Office, and Service classes), Contract Bonds (up to $10M aggregate with Speed-E bonds up to $500K for emerging contractors), and Commercial Bonds (180+ types). These products are supported by ACT, an online rater for fast commercial P&C quoting, and self-service portals including a Policyholder Portal for customers and an Agent Dashboard for producers. The company functions as a managing general underwriter with admitted and non-admitted affiliated and non-affiliated company capacity.

Differentiator

Problem solved

Functional benefit

Products and services

• Property and Casualty Insurance Products Commercial property and casualty insurance coverage spanning multiple business classes including Artisan Contractors, Auto Services, Food Industry, Landlord's Property, Mercantile, Office Occupancies, and Service categories. Submissions are quoted using the ACT online rater, phone quotes, and dedicated underwriting teams, and are placed through appointed independent agents in nine southwestern states.
• Contract Bonds Surety bond products for contractors with $5M single bond limit and $10M aggregate capacity, plus Speed-E bonds up to $500,000 for emerging contractors. Specializes in bonding contractors in southwest U.S. states through appointed independent agents, with AI-augmented underwriting via the PCMS Atlas for Surety platform.
• Commercial Bonds Over 180 different commercial bond types available, including Business Services, Certificate of Title, City, Conduct Safety, Court, ERISA, Insurance Agency, License & Permit, Mixed Beverage Gross Receipts, Motor Vehicle Dealer, Notary, Overweight Permits, Probate, Public Official, Ready Mix, and Super-heavy/Oversize Permit bonds, written through appointed independent agents.
• PCMS Atlas for Surety Platform with AI-Augmented Underwriting AI-augmented underwriting platform that automates analysis of contractor financials, work-in-progress schedules, and contract accounts with embedded risk analysis tools. Provides automated WIP analysis, multi-year financial statement review, embedded underwriting rules, and contract-level risk insights to support surety underwriters, deployed at Insurors Indemnity Company as an early user.

Quantifiable outcome

• Avg. Time from Claim Receipt to Customer Contact: 18 min
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability2 records

Feature2 records

Partnerships

Six partnerships are on record, tiered core and minor.

• PCMScoreTechnology or IntegrationPCMS provides AI-augmented underwriting capabilities to Insurors Indemnity through their Atlas for Surety platform. This enables automated analysis of contractor financials, work-in-progress schedules, and contract accounts with embedded risk analysis tools.
• Atlas General AgencyminorChannel Partner/ Reseller/ DistributorAtlas General Agency services homeowner policies for Insurors Indemnity customers (policy numbers INDF, INHO, INPL, CCMB, CCAP, CC2P, CCP1, CCPL, CLHA, CLMB, CLD1, CLP1, CLDL, CLPL, ILD1, ILHA, ILMB, ILP1, ILPL, ISDF, ISHO, ISPL). They handle policy servicing and payment processing for these policy types.
• iMGAminorChannel Partner/ Reseller/ DistributoriMGA (Insurance Marketing General Agency) services homeowner policies for Insurors Indemnity customers with policy numbers starting with SHB, SHA, SHP, SM1, SM3, SMP, SRT, ST1, ST3, STP, or SVC.
• Sycamore Specialty UnderwritersminorChannel Partner/ Reseller/ DistributorSycamore Specialty Underwriters services IIS policyholders for Insurors Indemnity, handling lienholder payments and policy administration for these policy types.
• Roadrunner Indemnity CompanycoreStrategic or Co-development PartnerAffiliated insurance company under the Insurors Indemnity umbrella. Roadrunner Indemnity Company is one of the underwriting entities alongside Insurors Indemnity Company and Insurors Indemnity Select Insurance Company, all offering both admitted and non-admitted products.
• Insurors Indemnity Select Insurance CompanycoreStrategic or Co-development PartnerAffiliated insurance company under the Insurors Indemnity umbrella. Part of the group of companies offering comprehensive property, casualty, and surety products through multiple carrier relationships.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• IAT Insurance Group: Specialty commercial P&C and surety carrier distributing through independent agents, with product overlap in contractor, commercial bond, and E&S-style capacity similar to Insurors Indemnity's multi-entity admitted/non-admitted approach.
• Foremost Insurance Group: Regional/specialty P&C carrier writing through independent agents across multiple U.S. regions with an A.M. Best rating, sharing Insurors Indemnity's independent-agent distribution model and commercial plus specialty focus.
• EMC Insurance Companies: Mid-sized regional P&C carrier distributing through independent agents in the Midwest and surrounding states, with a comparable mix of commercial lines and surety-like specialty products and similar multi-state regional footprint.
• Hochheim Prairie Insurance Companies: Regional mutual P&C carrier headquartered in Texas writing through independent agents in the Southwest, an apples-to-apples comparable to Insurors Indemnity in geography and channel; notably, current president Dave Talbert led Hochheim Prairie before joining Insurors Indemnity.
• Bedrock Insurance Group (orco): Surety-focused specialty carrier writing contract and commercial bonds through independent agents in multiple U.S. states, closely comparable to Insurors Indemnity's contract bond and commercial bond product lines.

Emerging players

• SuretyBonds.com (Surety One): Surety-focused agency/broker platform with online commercial bond issuance across all 50 states, competing with Insurors Indemnity's 180+ commercial bond products in the direct-to-customer digital channel rather than the agent channel.

Broad incumbents

• Philadelphia Insurance Companies (PHLY): National specialty commercial P&C and surety writer with a strong contractor and habitational book distributed through agents, competing head-on with Insurors Indemnity in artisan contractors and commercial surety across the Southwest.
• Nationwide Insurance (Commercial Lines): Large national P&C carrier with significant commercial lines and surety distributed through independent agents, the type of broader incumbent Insurors Indemnity competes with for agent mindshare in the Southwest.
• Amerisure Insurance: Larger commercial P&C carrier writing mid-market commercial lines and contractor-focused coverages through independent agents, overlapping with Insurors Indemnity's artisan contractor and commercial P&C product set.

Regional players

• Texas Mutual Insurance Company: Texas-domiciled workers' compensation and commercial P&C carrier serving employers in Texas, comparable in regional scope and independent-agent distribution, though specializing more in workers' comp than multi-line commercial P&C.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/insurors-indemnity-companies
• Instagraminstagram.com/insurorsindemnity

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Insurors Indemnity