Wisconsin Lawyers Mutual Insurance Company

What Wisconsin Lawyers Mutual Insurance Company does

Wisconsin Lawyers Mutual Insurance Company (WILMIC) is a private, policyholder-owned mutual insurance carrier founded in 1986 in Madison, Wisconsin, exclusively serving attorneys and law firms in the state. It underwrites professional liability (legal malpractice) insurance on a claims-made and reported basis with coverage limits up to $15 million per policy, prior acts coverage from an attorney's first day of practice, and an included Policyholder Benefits Endorsement (up to $10,000 per period) covering grievance counsel, subpoena defense, and defendant's reimbursement. Adjacent products include Cyber Liability Insurance, Court Bonds (underwritten through wholly-owned Wisconsin Lawyers Bond Agency LLC with 24-hour turnaround), Abstracter & Title Agent Insurance, and Intellectual Property Insurance.

WILMIC operates with a small staff (11–50 employees) at its Madison headquarters and distributes directly to policyholders via an online application portal (app.wilmic.net, launched February 2020), a policyholder self-service portal, a court bonds portal, toll-free phone support, and email — without intermediaries or agents. Its go-to-market is relationship-driven, anchored in sponsorship of State Bar of Wisconsin events, free CLE programs, risk management content, and community engagement targeted at solo practitioners through mid-size law firms.

The business model is a recurring annual subscription model based on annually renewed malpractice premiums, supplemented by one-time court bond fees and ancillary lines. As a mutual, WILMIC returns earnings to policyholders through cash dividends, having paid nearly $10 million in cumulative dividends over 21+ consecutive years, currently at 5% of annual premiums. The company has two wholly-owned operating subsidiaries (Wisconsin Lawyers Bond Agency LLC and Wisconsin Lawyers Insurance Agency LLC), no outside equity or venture backing, and underwent a CEO transition in 2022 when Tom Watson succeeded Katja Kunzke after her 17+ year tenure.

Name

Wisconsin Lawyers Mutual Insurance Company

Legal name

Wisconsin Lawyers Mutual Insurance Company

Website

https://wilmic.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

11–50 employees

Short description

Wisconsin Lawyers Mutual Insurance Company is a policyholder-owned mutual insurance carrier founded in 1986 in Madison, Wisconsin, providing professional liability, cyber liability, court bonds, and related insurance products exclusively to Wisconsin attorneys and law firms through direct digital and relationship-based distribution.

Ownership category

akta.pro rank

Product category

Professional Liability Insurance

NAICS

Insurance Carriers (5241), Direct Property and Casualty Insurance Carriers (524126), Insurance Carriers and Related Activities (524), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

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

akta.pro industry

PRIMARYFSAJAGAD

Management Liability (D&O/EPL/Fiduciary)

Financial & Insurance/Insurance — Motor, Property & Casualty/Specialty & Excess/Surplus Lines (E&S)

SECONDARYFSAEADAK

Insurance Program Administration & MGA/MGU Services

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Insurance Brokerage & Risk Advisory

Keywords

• Professional liability insurance
• Legal malpractice coverage
• Cyber liability insurance
• Court bonds underwriting
• Attorney risk management

Headquarters

HQ city

Madison

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, Infrastructure, Others

Revenue model

1. Professional Liability Insurance Premiums: Annual insurance premiums for legal malpractice coverage. Policies are written on a claims-made and reported basis with coverage limits up to $15 million for errors and omissions. Prior acts coverage available from first day of practice.
2. Cyber Liability Insurance: Separate insurance product for cyber liability coverage offered to policyholders
3. Court Bonds: Probate and court bonds underwritten through Wisconsin Lawyers Bond Agency LLC
4. Abstracter/Title Agent Insurance: Insurance products for abstracters and title insurance agents
5. Intellectual Property Insurance: Coverage for intellectual property related risks

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

Wisconsin Lawyers Mutual Insurance Company (WILMIC) is a mutual insurance company that provides professional liability insurance (legal malpractice coverage) and related insurance products to Wisconsin attorneys and law firms. Core offerings include claims-made professional liability policies with up to $15 million in errors and omissions coverage, prior acts coverage from the first day of practice, cyber liability insurance, court bonds (probate and other court bonds), abstracter and title agent insurance, and intellectual property insurance. The company also provides claims administration support, risk management education through free CLE programs, and policyholder benefits endorsements.

Product overview

Wisconsin Lawyers Mutual Insurance Company (WILMIC) offers a suite of professional liability insurance products and services specifically designed for Wisconsin attorneys. The core product portfolio includes Professional Liability Insurance with coverage up to $15 million for errors and omissions, Cyber Liability Insurance, Court Bonds, Abstracter & Title Agent Insurance, and Intellectual Property Insurance. Additional coverage is available through the Policyholder Benefits Endorsement providing grievance counsel, subpoena coverage, and defendant's reimbursement. All products are accessible through digital platforms including an Online Application Portal. The company was founded by Wisconsin lawyers in 1986 and continues to serve thousands of attorneys across the state.

Differentiator

Problem solved

Functional benefit

Products and services

• Professional Liability Insurance Primary professional liability insurance coverage for Wisconsin attorneys, providing protection against malpractice claims and errors and omissions. Coverage available up to $15 million with prior acts coverage from the first day of practice, written on a claims-made and reported basis.
• Cyber Liability Insurance Insurance coverage protecting law firms against cyber risks, data breaches, and related liabilities arising from technology use in legal practice.
• Court Bonds Full range of probate and other court bonds underwritten by experienced underwriters, offered through Wisconsin Lawyers Bond Agency LLC with 24-hour turnaround and competitive rates.
• Abstracter and Title Agent Insurance Insurance coverage for abstracters and title insurance agents operating within the Wisconsin legal market, providing professional liability protection for title search and abstract services.
• Intellectual Property Insurance Insurance coverage for intellectual property-related risks faced by legal practitioners.
• Policyholder Benefits Endorsement Additional endorsement providing coverage for grievance counsel, subpoena coverage, and defendant's reimbursement coverage payable up to $10,000 per policy period at no additional premium, with no deductible.
• Online Application Portal Digital self-service platform that allows Wisconsin attorneys to apply for professional liability insurance online with just a few clicks. Initially accepts new applications with planned expansion to existing policyholders.

Quantifiable outcome

• Dividend payments for 21+ consecutive years to policyholders
• +3 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core and minor.

• State Bar of WisconsincoreStrategic or Co-development PartnerWILMIC maintains an active partnership with the State Bar of Wisconsin, sponsoring events, providing CLE programs, and engaging with Wisconsin lawyers through Bar functions. The company sponsors the Young Lawyers Division conference and other Bar events.
• Wisconsin Lawyers Bond Agency LLCminorChannel Partner/ Reseller/ DistributorWILMIC's insurance agency offers court bonds through Wisconsin Lawyers Bond Agency LLC, providing probate and court bonds underwritten by experienced underwriters with 24-hour turnaround.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCMxI7BiLH3fElIKTs5Peadw
• Facebookfacebook.com/wilmicco
• LinkedInlinkedin.com/company/wilmic
• Instagraminstagram.com/wilawyersinsurance
• Xx.com/wilmicinsurance

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 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 Wisconsin Lawyers Mutual Insurance Company