What Illinois Casualty Company does

Illinois Casualty Company (ICC) is a privately held, Illinois-domiciled insurance carrier founded in 1950 and headquartered in Rock Island, Illinois. ICC operates as a single-line specialty insurer writing exclusively for the food and beverage industry, offering liquor liability, Businessowners, property, general liability, workers compensation, umbrella, EPLI, and cyber liability coverages. The company structures its offering into eight dedicated insurance programs covering restaurants, taverns, breweries/distilleries/wineries, package liquor stores, nightclubs and gentlemen's clubs, fraternal organizations, convenience stores, and banquet center/catering operations. The business is admitted in 18 states and distributes exclusively through independent insurance agents and brokers.

ICC's business model is built on annual subscription-style insurance premiums quoted through appointed agents. Pricing is not publicly disclosed; coverage is delivered through a 'Become an Agent' recruitment program and existing agent relationships rather than direct-to-consumer. The company displays an AM Best financial strength rating, supports claims and policy administration through internal teams, and has adopted UiPath-based Robotic Process Automation to streamline back-office workflow. Underlying technology is described as underwriting and claims management systems tailored to food and beverage risk, supported by RPA for process efficiency. There is no publicly disclosed evidence of proprietary AI/ML models, third-party platform integrations, parent company, or external funding.

ICC serves SMB and small-to-mid commercial accounts in the food and beverage vertical across the Midwest and broader 18-state admitted territory, with no disclosed revenue, headcount beyond a stated 51-100 employee range, or external ownership. The firm's differentiation rests on seven decades of vertical specialization and an agent-channel model that targets alcohol-service and hospitality operators whose risk profiles deviate from standard commercial package business.

Name

Illinois Casualty Company

Legal name

Illinois Casualty Company

Website

https://ilcasco.com

Company type

Private

Founded year

1950

Operating status

Operating

Headcount range

51–100 employees

Short description

Illinois Casualty Company is a privately held, Illinois-domiciled specialty insurance carrier founded in 1950 that writes exclusively for the food and beverage industry. It underwrites liquor liability, property, workers compensation, and related coverages through independent agents in 18 states.

Ownership category

akta.pro rank

Product category

Specialty Commercial Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Insurance Carriers (5241)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Public Liability (Premises/Operations) (FSAJADAD)

akta.pro secondary industries

Employer’s Liability (FSAJADAE), Employer’s Liability Umbrella / Excess (FSAJANAJ), Product Liability Umbrella / Excess (FSAJANAI)

Keywords

• Liquor liability insurance
• Restaurant insurance
• Food and beverage insurance
• Commercial property coverage
• Workers compensation insurance

Headquarters

HQ city

Rock Island

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: ICC generates revenue through insurance premiums charged to policyholders in the food and beverage industry. Coverage types include liquor liability, property, general liability, umbrella, and workers compensation insurance policies.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Illinois Casualty Company is a specialty insurance carrier founded in 1950 that underwrites business insurance products and aggressive claims defense exclusively for the food and beverage industry. Coverage spans liquor liability, property, general liability, umbrella, and workers compensation, packaged into eight industry-specific programs for restaurants, taverns, breweries/distilleries/wineries, package liquor stores, nightclubs, fraternal organizations, convenience stores, and banquet centers/caterers. ICC is an admitted carrier operating in 18 states and distributes exclusively through a network of independent insurance agents.

Product overview

Illinois Casualty Company (ICC) is an insurance company founded in 1950 in Illinois that provides specialized insurance products exclusively for the food and beverage industry. The company operates as a single-line carrier focused on liquor liability and related coverages, offering eight distinct insurance programs covering Restaurant Insurance, Tavern Insurance, Brewery/Distillery/Winery Insurance, Package Liquor Store Insurance, Nightclub and Gentlemen's Club Insurance, Fraternal Organization Insurance, Convenience Store Insurance, and Banquet Center and Catering Insurance. ICC also provides multiple coverage types including Liquor Liability (offered as standalone), Businessowners Policy, Workers Compensation, Umbrella Liability, Property, General Liability, Loss of Business Income, Employment Practices Liability Insurance (EPLI), and Cyber Liability. ICC is an admitted carrier operating in eighteen states with over 70 years of dedication to the industry.

Differentiator

Problem solved

Functional benefit

Products and services

• Restaurant Insurance Specialized insurance program for restaurants, providing business insurance coverage tailored to restaurant operations in the food and beverage industry.
• Tavern Insurance Specialized insurance program for taverns and bars serving alcohol, covering liquor liability and premises liability exposures specific to taverns.
• Brewery, Distillery, and Winery Insurance Specialized insurance program for breweries, distilleries, and wineries, covering production facilities and tasting room exposures.
• Package Liquor Store Insurance Specialized insurance program for retail package liquor stores, ranging from single-location independent stores to multi-location retail groups.
• Nightclub and Gentlemen's Club Insurance Specialized insurance program for nightclubs and gentlemen's clubs, from small-town clubs to entertainment-district venues, addressing entertainment venue liability.
• Fraternal Organization Insurance Specialized insurance program for fraternal organizations and member-based social clubs, ranging from large cities to small towns.
• Convenience Store Insurance Specialized insurance program for convenience stores, ranging from single-location independent stores to multi-location groups.
• Banquet Center and Catering Insurance Specialized insurance program for banquet centers and catering businesses, covering corporate catering operations and reception venues.
• Liquor Liability Coverage Coverage for liability arising from the sale or service of alcoholic beverages; offered as a standalone policy for many types of food and beverage businesses.
• Businessowners Policy Bundle coverage for business property, contents, business income, and liability to patrons and vendors for food and beverage establishments.
• Workers Compensation Coverage Coverage for employer obligations to employees arising from work-related injuries in food and beverage businesses.
• Umbrella Liability Coverage Higher excess liability limits sitting over Businessowners or Liquor Liability policies for food and beverage clients.
• Property Coverage Building and business property coverage for insured food and beverage establishments.
• General Liability Coverage General liability coverage for food and beverage businesses, addressing third-party bodily injury and property damage claims.
• Loss of Business Income Coverage Coverage for loss of business income sustained due to covered perils at the insured premises.
• Employment Practices Liability Insurance (EPLI) Coverage for employment-related claims and lawsuits brought against food and beverage businesses.
• Cyber Liability Coverage Coverage for cyber-related liabilities and data breach exposures facing food and beverage businesses.

Segments9 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature1 record

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Cincinnati Financial: Mid-west headquartered multi-line carrier with a significant restaurant and bar insurance book. Geographic and customer overlap with ICC's Midwest base.
• AmTrust Financial Services: Large specialty P&C carrier with a dedicated hospitality and small-business division. Competes in restaurant and bar coverage but at materially greater scale than ICC.
• The Hartford: Major national carrier with a sizable small commercial and restaurant insurance program. Provides a benchmark for scale and breadth ICC competes against in the same vertical.
• Markel Insurance: National specialty insurer with a dedicated hospitality and restaurant practice. Overlaps with ICC on liquor liability and small commercial but offers broader products and stronger geographic reach.

Direct peers

• Society Insurance: Mutual specialty insurer focused on niche commercial lines including restaurants, taverns, and convenience stores. Closely comparable to ICC in vertical specialization, agency distribution, and target customer size.
• Frankenmuth Insurance: Mutual insurer with a dedicated restaurant and bar program offering liquor liability, property, and general liability. Directly comparable product mix and SMB hospitality customer base.
• Founders Insurance Company: Specialty commercial carrier writing restaurant, bar, and small-business packages. Matches ICC's focus on hospitality risks and agent-driven distribution in select regional footprints.
• USLI (US Liability Insurance): Specialty carrier within the Berkshire Hathaway group offering niche lines including liquor liability and small commercial packages. Comparable in product specialization and wholesale/agent distribution model.

Others

• Burns & Wilcox: Specialty wholesale brokerage and MGA placing hospitality, liquor liability, and excess casualty risks. Comparable as a channel/ecosystem partner in ICC's agent-led distribution model rather than a direct underwriting competitor.

Emerging players

• Kinsale Insurance: E&S specialty insurer with growing exposure to liquor liability and commercial hospitality. Comparable underwriting discipline on difficult specialty risks, though broader in line mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/ICCInsurance
• Facebookfacebook.com/ICCInsurance
• LinkedInlinkedin.com/company/illinois-casualty-company
• Instagraminstagram.com/iccinsurance

Revenue estimate

Valuation estimate

Number of profiles

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 Illinois Casualty Company