Employers
Employers Holdings (NYSE: EIG) is a specialty workers' compensation insurance carrier founded in 1913, underwriting coverage for 135,000+ small and mid-sized businesses across 30+ low-to-medium hazard industries in 46 states and DC, distributed through appointed agents, Cerity self-service, and a ChatGPT-native quoting app.
- Company typePublic
- Founded1913
- HeadquartersReno, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Employers does
Employers Holdings, Inc. (NYSE: EIG) is a specialty workers' compensation insurance carrier founded in 1913 and headquartered in Reno, Nevada, operating through five A.M. Best A (Excellent)-rated wholly-owned subsidiaries. The company underwrites workers' compensation coverage for small and mid-sized businesses in over 30 low-to-medium hazard industries across 46 states and the District of Columbia, with a stated policy-in-force count of 135,414 as of Q2 2026.
The company's technology stack centers on a real-time rating engine that powers both its agent channel (via EACCESS portal, IVANS Download integration used by 1,400+ agents, Appulate real-time quoting, and the EVOLVE agent technology platform) and its direct-to-consumer channel (Cerity self-service quoting). In April 2026, Employers became the first insurance carrier to launch a workers' compensation quoting app in the ChatGPT App Directory using Model Context Protocol (MCP) integration with its Digital Agency Service API, and in February 2026 it expanded into Excess Workers' Compensation for large self-insured employers. Adjacent modules include PrecisePay (pay-as-you-go billing integrated with 30+ payroll vendors), eBilling (One Inc.-powered payments), and an enterprise-wide AI transformation initiative covering underwriting, claims, and operations.
Revenue is generated primarily through workers' compensation insurance premiums, with usage-based PrecisePay installment fees ($5 per payment unless on AutoPay) as a secondary stream and Excess Workers' Compensation as an emerging third stream. Quarterly revenue was $207.6M in Q1 2026 (+2.5% YoY) and $170.5M in Q4 2025 (-21.3% YoY), with the Q4 decline driven by California cumulative trauma reserve strengthening. Distribution runs through appointed independent agents (the primary motion), Cerity self-service (product-led growth), and now ChatGPT App Directory (AI-native marketplace). The customer base is small and mid-sized businesses (primary) plus the newly entered large self-insured employer segment.
Employers firmographics
Firmographics- Name
- Employers
- Legal name
- Employers Holdings, Inc.
- Website
- https://employers.com
- Company type
- Public
- Founded year
- 1913
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Employers Holdings (NYSE: EIG) is a specialty workers' compensation insurance carrier founded in 1913, underwriting coverage for 135,000+ small and mid-sized businesses across 30+ low-to-medium hazard industries in 46 states and DC, distributed through appointed agents, Cerity self-service, and a ChatGPT-native quoting app.
- Ownership category
- akta.pro rank
Employers industry classification
Industry- Product category
- Workers' Compensation Insurance
- NAICS
- Insurance Carriers (5241), Insurance Carriers and Related Activities (524)
- SIC
- Insurance Carriers, Nec (6399)
- akta.pro primary industry
- Workers’ Compensation Insurance for Staffing/PEO & Contingent Workforce (FSAJAEAE)
- akta.pro secondary industries
- Employer’s Liability Umbrella / Excess (FSAJANAJ), Self-Insured Workers’ Compensation Programs (FSAJAEAD)
Keywords
Where Employers is headquartered
LocationHeadquarters
- HQ city
- Reno
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Employers business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Others, Marketing or Sales, Technology or R&D
Revenue model
- Workers' Compensation Insurance Premiums: Primary revenue stream from workers' compensation insurance policies sold to small and mid-sized businesses. Premium is calculated based on business type, annual payroll, claims history, and risk classification. The company reported Q1 2026 revenue of $207.6 million and Q4 2025 revenue of $170.5 million, with recent declines attributed to California cumulative trauma reserve strengthening.
- PrecisePay Processing Fees: Pay-as-you-go billing program with associated installment fees of $5 per installment ($3 for Florida policies) for policyholders not enrolled in AutoPay. Revenue from premium audit adjustments and administrative fees.
- Excess Workers' Compensation Coverage: New product line launched February 2026 targeting large self-insured employers, groups, pools, and public entities. Provides specific and aggregate excess coverage with predictive analytics and risk advisory services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Standard Workers' Compensation Policy - Quote-based pricing tailored to business risk profile |
| Usage-based | Pay-as-you-go | PrecisePay Pay-As-You-Go - Per-payroll premium deduction |
| Subscription | Annual | Excess Workers' Compensation - Coverage for self-insured organizations |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels7 records
Employers product offering
Product offeringCore offering
Employers Holdings, Inc. is a specialty workers' compensation insurance provider underwriting coverage primarily for small and mid-sized businesses operating in 30+ low-to-medium hazard industries across 46 states and the District of Columbia. The company distributes policies through a network of appointed independent agents and its self-service Cerity platform, with supporting services including claims management, managed care, risk advisory, premium audit, return-to-work programs, and pay-as-you-go billing via PrecisePay.
Product overview
EMPLOYERS is a specialty workers' compensation insurance company that operates a platform-plus-modules architecture. The core product is workers' compensation insurance for small and mid-sized businesses in low-to-medium hazard industries, distributed through independent agents and the self-service Cerity platform. The offering includes several integrated modules: EACCESS (policyholder/agent portal), PrecisePay (pay-as-you-go billing), eBilling (electronic payments), and EVOLVE (agent technology tools). The company has recently expanded with Excess Workers' Compensation insurance for self-insured organizations and launched a ChatGPT quoting app using AI. Additional services include claims management, fraud prevention, loss control, managed care, premium audit, and return-to-work programs, all designed to serve America's small businesses across 46 states and the District of Columbia since 1913.
Differentiator
Problem solved
Functional benefit
Brands
- Cerity: Self-service workers' compensation insurance solution allowing business owners to receive instant quotes and purchase coverage online.
Products and services
- EMPLOYERS Workers' Compensation Insurance Primary workers' compensation insurance product providing coverage for small and mid-sized businesses in 30+ low-to-medium hazard industries across 46 states and the District of Columbia. Includes claims services, fraud prevention, loss control, managed care, premium audit, and return-to-work programs.
- Cerity Direct-to-consumer, self-service online quoting platform that allows business owners to obtain instant workers' compensation quotes without agent involvement.
- Excess Workers' Compensation Insurance Excess workers' compensation coverage for large self-insured employers, groups, pools, and public entities, providing protection for claims exceeding self-insurance thresholds. Includes predictive analytics, real-time claims visibility, and risk advisory services.
- ChatGPT Workers' Comp Quoting App Conversational AI application within the ChatGPT App Directory that uses Model Context Protocol to deliver real-time workers' compensation premium estimates to business owners describing their operations in natural language.
- PrecisePay Pay-as-you-go billing service allowing policyholders to make smaller, more frequent premium payments based on each pay period's actual payroll. Integrates with 30+ approved payroll vendors including ADP and Paylocity. Minimum annual premium of $1,500 required.
- Specialty Programs Targeted workers' compensation insurance solutions designed for specific industries and association partnerships, providing recommended coverage for national and state-based associations and trade groups.
- Injured Employee Hotline Immediate claims reporting service providing 24/7 access to registered nurses who deliver initial medical guidance over the phone using national clinical guidelines.
Quantifiable outcome
- Policyholders can get quotes in as little as 30 seconds through new Get a Quote functionality
- +3 more outcomes
Companies that use Employers
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Employers technology and API
TechnologyTechnology focussed No
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
AI capability5 records
Feature6 records
Employers partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- Coventry Workers' Comp Services, Inc.corePartnership with Coventry to offer the Off-Site Transitional Duty Program, providing short-term work assignments for employees with temporary medical restrictions that cannot be accommodated by their employer. Coventry coordinates transitional job placement at local non-profit organizations.
- One Inc.coreThird-party payment solutions provider used by EMPLOYERS to process credit card payments. Also powers the best-in-class payment experience for injured worker claims, offering ACH, direct deposit to debit card, PayPal, Venmo, and paper check options.
- IVANScorePartnership with IVANS for automated Commercial Lines policy download, eDocs, and Commission Download directly into agency management systems. Over 1,400 agents currently using this integration. Uses ACORD standards for agency efficiency.
- OPTUM Pharmacy Benefit ManagercoreContracted pharmacy benefit manager (formerly CYPRESS CARE) to provide prescription medications to injured workers. Manages First Fill program and pharmacy locator for workers' compensation-related medications.
- Payroll Service Providers (PrecisePay)coreApproved payroll vendors including Paylocity, ADP, and 30+ others that can upload payroll information on behalf of policyholders to the PrecisePay system. Enables automated pay-as-you-go premium calculations.
- National and State-Based AssociationscoreEMPLOYERS is the recommended workers' compensation insurance provider for many national and state-based associations, trade groups, and strategic business partners. Provides co-marketing and referral relationships.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Employers competitors and assessment
Company assessmentDirect peers
- AmTrust Financial Services: Major specialty workers' compensation carrier with significant SMB and mid-market exposure; competes head-to-head with EMPLOYERS for agency-sold small business WC, especially in lower-hazard classes.
- Accident Fund Holdings: Specialty workers' compensation carrier with multi-state operations serving SMB and mid-market employers — closely comparable core product line and underwriting focus.
- Zenith Insurance Company: Specialty workers' compensation carrier with a long heritage serving agricultural and SMB customers; comparable niche specialist positioning and similar distribution through independent agents.
- ICW Group Insurance Companies: Mutual specialty workers' compensation insurer focused on SMBs across low-to-medium hazard industries — nearly identical target customer and underwriting approach to EMPLOYERS, making it the closest direct comparable.
Emerging players
- Pie Insurance: Digital workers' compensation insurer for small businesses using data and machine learning for underwriting; emerging direct competitor in EMPLOYERS' core SMB WC segment.
- NEXT Insurance: Tech-enabled SMB insurance carrier offering workers' compensation online; emerging digital-first competitor targeting the same low-to-medium hazard small business segment EMPLOYERS serves through Cerity and agent channels.
Broad incumbents
- W. R. Berkley Corporation: Diversified specialty insurance holding company with significant workers' compensation exposure through its Insurance segment; broader portfolio but materially overlapping in specialty commercial lines including WC.
- Berkshire Hathaway Homestate Companies: Specialty workers' compensation subsidiary within Berkshire Hathaway that serves SMBs through independent agents across multiple states; comparable distribution model with parent-backed balance sheet.
- The Hartford: Large national insurer with a workers' comp offering for SMBs and mid-market customers; broader P&C portfolio but overlapping small-business distribution and WC product.
- Old Republic International Corporation: Large publicly-traded insurance holding company with a substantial workers' compensation segment (Old Republic General Insurance Group); broader portfolio than EMPLOYERS but overlapping in SMB WC.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Employers social profiles
Digital presenceEmployers compliance and trust
Trust signalCompliance2 records
Employers financial estimates
Financial estimateRevenue estimate
Valuation estimate
Employers leadership team
Management profileNumber of profiles
Profiles8 records
Employers subsidiaries and ownership
Company hierarchySubsidiaries5 records
Employers funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Employers 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 Employers
What does Employers do?
Employers Holdings, Inc. is a specialty workers' compensation insurance provider underwriting coverage primarily for small and mid-sized businesses operating in 30+ low-to-medium hazard industries across 46 states and the District of Columbia. The company distributes policies through a network of appointed independent agents and its self-service Cerity platform, with supporting services including claims management, managed care, risk advisory, premium audit, return-to-work programs, and pay-as-you-go billing via PrecisePay.
Is Employers a public or private company?
Employers is a public company. It is classified as public and is currently operating.
When was Employers founded?
Employers was founded in 1913. It employs 501 to 1,000 people.
Where is Employers based?
Employers is headquartered in Reno, United States, in the North America region.
How does Employers make money?
Three revenue lines are on record. Workers' Compensation Insurance Premiums are the primary driver. The others are precisePay Processing Fees and excess Workers' Compensation Coverage.
Who are Employers's main competitors?
Direct peers on record are AmTrust Financial Services, Accident Fund Holdings, Zenith Insurance Company and ICW Group Insurance Companies. Emerging players are Pie Insurance and NEXT Insurance. Broad incumbents are W. R. Berkley Corporation, Berkshire Hathaway Homestate Companies, The Hartford and Old Republic International Corporation.
Does Employers have an API?
Yes. EMPLOYERS offers a Digital Agency Service API that enables integrations with third-party platforms. The API is used to power the ChatGPT quoting application via Model Context Protocol (MCP), allowing real-time workers' compensation premium estimates. The company also provides IVANS Download integration for Commercial Lines policy download, eDocs, and Commissions download, which uses ACORD standards. Developer documentation is at www.employers.com/employers-advantage/digital-workers-compensation-insurance.
What industry is Employers in?
Employers's product category is Workers' Compensation Insurance. Its primary akta.pro industry code is FSAJAEAE, Workers’ Compensation Insurance for Staffing/PEO & Contingent Workforce, with a secondary code of FSAJANAJ, Employer’s Liability Umbrella / Excess. Its NAICS code is 5241 and its SIC code is 6399.