OCMI Workers Comp

What OCMI Workers Comp does

OCMI Workers Comp & Professional Services, LLC is a privately held PEO brokerage and insurance agency founded in 2019 by Oscar Montenegro and headquartered in Dania Beach, Florida. The company sells workers compensation insurance, Professional Employer Organization (PEO) services, and a suite of complementary small-business insurance products (General Liability, Professional Liability, Commercial Property, Cyber, Business Owners Policy, Umbrella, and Short-Term Coverage) to small and mid-sized businesses, with a particular emphasis on high-risk blue-collar verticals such as construction, roofing, trucking, and restaurants.

The core commercial proposition is a pay-as-you-go workers comp policy billed per payroll cycle with no upfront deposits, no year-end audits, and no long-term contracts, packaged with digital self-service tooling: a Comp Calculator for instant quoting, a client portal for policy management and weekly employee reporting, and native iOS/Android mobile apps for on-the-go onboarding and hour submission. The underlying technology stack is a cloud-based insurance platform built on workflow automation (Make.com, N8N.io, Zapier), analytics (GA4, Microsoft Clarity, Fullstory), and customer data infrastructure (Twilio Segment, Google BigQuery, AWS).

OCMI monetizes through commission and fee streams tied to workers comp premiums, payroll-processing fees under co-employment PEO arrangements, and recurring commissions on ancillary insurance lines. Distribution is digital-first via a multi-channel paid acquisition engine (Google, Meta, Bing, TikTok, Mailchimp email, SimpleTexting SMS) plus a 1-800 phone-sales motion, with the company operating primarily in Florida while extending its reach nationally. In 2023 OCMI was ranked #4727 on the Inc. 5000 list on the strength of 84% three-year revenue growth (2019–2022).

Name

OCMI Workers Comp

Legal name

OCMI Workers Comp & Professional Services, LLC

Website

https://ocmiworkerscomp.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

OCMI Workers Comp is a Florida-based PEO brokerage and insurance agency selling pay-as-you-go workers compensation, PEO payroll/HR services, and complementary small-business insurance lines to SMBs in construction, trucking, restaurants, and seasonal-workforce industries, primarily in Florida with national digital reach.

Ownership category

akta.pro rank

Product category

Workers Compensation Insurance

NAICS

Professional Employer Organizations (56133), Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411), Services-Employment Agencies (7361)

akta.pro primary industry

Workers’ Compensation for Small Business & Pay-As-You-Go Programs (FSAJAEAG)

akta.pro secondary industries

Professional Employer Organization (PEO) / Co-Employment Services (BPACAHAB), Co-Employment Risk Management & Insurance (Workers’ Comp, Liability) (BPACAGAH), Workers’ Compensation Insurance for Staffing/PEO & Contingent Workforce (FSAJAEAE)

Keywords

• Workers compensation insurance
• PEO brokerage services
• Small business insurance
• Pay-as-you-go payroll
• Commercial liability coverage

Headquarters

HQ city

Dania

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. Workers Compensation Insurance: Core revenue stream from providing workers compensation insurance policies. The company offers pay-as-you-go models where premiums are calculated based on actual payroll per cycle, eliminating the need for estimated payroll, audits, and large deposits.
2. PEO Services: Professional Employer Organization services including payroll processing, HR support, benefits administration, and risk management through co-employment arrangements.
3. Small Business Insurance Products: Additional insurance products including Short-Term Coverage, General Liability Insurance, Professional Liability Insurance, Commercial Property Insurance, Cyber Insurance, Business Owners Policy, and Umbrella Insurance.
4. Payroll Services: Payroll processing services, particularly for businesses with part-time, seasonal, or contract workers who need flexible coverage options.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels10 records

Core offering

OCMI Workers Comp is a PEO brokerage that sells workers compensation insurance to U.S. small and mid-sized businesses, with a pay-as-you-go premium model that requires no upfront deposits, no contracts, and no year-end audits. The company bundles this coverage with PEO services (payroll, HR, benefits administration) and ancillary commercial insurance lines (general liability, professional liability, commercial property, cyber, BOP, umbrella), distributing policies through a digital self-service platform (website, mobile app, client portal) and carrier partnerships.

Product overview

OCMI Workers Comp operates as a PEO brokerage offering a comprehensive suite of workers compensation and business insurance products combined with digital tools for rate calculation, payroll management, and policy administration. The core offering consists of Workers Compensation Insurance (with no audits, no contracts, and no deposits) as an alternative to traditional policies, supplemented by Short-Term Coverage and bundled PEO Services including payroll processing, HR support, and benefits administration. The company offers over 100 unique programs for small businesses including General Liability, Professional Liability, Commercial Property, Cyber, Business Owners Policy, and Umbrella Insurance. Digital touchpoints include a Comp Calculator for instant rate quotes, a Payroll Calculator, the OCMI App for mobile employee management, and the OCMI Client Portal for policy administration. Supporting resources include a Help Center, FAQ section, State Mandated Posters, and Client Forms.

Differentiator

Problem solved

Functional benefit

Products and services

• Workers Compensation Insurance Workers compensation insurance covering workplace injuries and illnesses for businesses of any size, with instant approval and certificate generation, pay-as-you-go premiums based on actual payroll, and no audits or large deposits.
• Short-Term Coverage Temporary workers compensation coverage with no cancellation fees, providing financial security for any company of any size during uncertain or transitional periods.
• PEO Services Professional Employer Organization services bundling payroll processing, HR support, benefits administration, and workers compensation coverage under a co-employment arrangement to remove administrative burden from small businesses.
• Small Business Insurance Insurance products tailored for small businesses, including liability and property coverage options delivered alongside OCMI's workers comp offering.
• General Liability Insurance Protects businesses against third-party claims for bodily injury, property damage, and personal injury arising from business operations.
• Professional Liability Insurance Covers legal costs and damages if a business is sued for negligence, errors, or omissions in the delivery of professional services.
• Commercial Property Insurance Covers physical assets including buildings, equipment, inventory, and furniture against damage or loss.
• Cyber Insurance Protects businesses against losses arising from data breaches, cyberattacks, and damage to digital assets.
• Business Owners Policy Bundled policy combining general liability, commercial property, and business interruption coverage designed for small businesses.
• Umbrella Insurance Provides additional liability coverage beyond standard policy limits to protect against unexpected major claims.
• OCMI Mobile App iOS and Android mobile application enabling OCMI clients to submit employee hours, onboard new employees, and access workers comp coverage information on the go.
• OCMI Client Portal Online self-service portal where clients can manage their policies, report employees weekly, access documents, and administer their workers comp account.

Quantifiable outcome

• 84% three-year revenue growth (2019-2022)
• +1 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Inc. MagazinecoreGTM or Marketing PartnerOCMI Workers Comp was recognized and featured on the prestigious Inc. 5000 list for 2023, which showcases the fastest-growing private companies in the U.S.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Justworks: Tech-forward PEO offering payroll, benefits, HR, and workers' comp to small and mid-sized businesses via a self-serve platform. Closely matches OCMI's digital-first PEO positioning and SMB target segment, though Justworks typically skews toward office-based rather than blue-collar high-risk verticals.
• Pie Insurance: Digital SMB commercial insurance carrier specializing in workers' comp for small businesses, with a focus on blue-collar industries. Closely comparable product (workers' comp), customer (SMB high-risk verticals), and digital distribution model to OCMI, though Pie underwrites on its own paper.
• biBERK (by Berkshire Hathaway): Online small business insurance provider backed by Berkshire Hathaway, offering workers' comp, general liability, and BOP with instant online quoting. Comparable digital-first SMB workers' comp model and self-service funnel to OCMI, with much stronger balance sheet and carrier backing.
• Insureon: Online commercial insurance marketplace connecting SMBs with carriers for workers' comp, general liability, BOP, and other coverages. Comparable digital brokerage model and SMB focus, with a broader multi-carrier marketplace approach versus OCMI's carrier-partner brokerage.
• NEXT Insurance: Digital SMB commercial insurance carrier offering workers' comp, general liability, and other coverages online to small businesses including contractors. Highly comparable digital-first, pay-as-you-go-leaning proposition targeting the same construction and trades verticals as OCMI, but operates as a carrier (not a broker).
• Thimble: Pay-as-you-go small business insurance platform offering general liability, professional liability, and short-term workers' comp by the hour, month, or project. Directly comparable usage-based, micro-duration model aimed at gig, seasonal, and contractor SMBs — overlapping with OCMI's flexible-coverage positioning.

Emerging players

• Gusto: Cloud-based payroll, HR, benefits, and workers' comp provider for small businesses with a strong digital self-service experience. Partial overlap with OCMI's PEO/payroll/workers' comp bundle and SMB target market, though Gusto historically focuses on lower-risk office-based SMBs.

Broad incumbents

• ADP TotalSource: Incumbent PEO from ADP providing co-employment, payroll, benefits, and workers' comp administration to SMBs. Directly comparable product bundle and customer profile to OCMI's PEO offering, with materially larger scale and brand recognition.
• Paychex: Large public payroll and PEO provider (Paychex PEO) serving SMBs with payroll, HR, benefits, and workers' comp. Comparable to OCMI's PEO bundle and SMB target customer, but operates at vastly greater scale and as a registered PEO rather than a brokerage.
• Hiscox: Specialty commercial insurer offering workers' comp, general liability, professional liability, and BOP to small businesses and independent professionals, with a strong digital buying experience. Comparable SMB-tailored commercial insurance product set and digital acquisition motion to OCMI's non-PEO insurance lines.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 OCMI Workers Comp