OCMIC

Name

OCMIC

Legal name

Oswego County Mutual Insurance Company

Website

https://ocmic.com

Company type

Private

Founded year

1878

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Property and Casualty Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Mid-Market Commercial Package (Package Policies) (FSAJAFAB)

akta.pro secondary industries

Commercial Property Insurance (FSAJACAE), Real Estate / Lessors Risk BOP (FSAJAFAI)

Keywords

• Property casualty insurance
• Homeowners insurance
• Business owners policy
• Commercial multi-peril
• Inland marine coverage

Headquarters

HQ city

Parish

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: OCMIC generates revenue through insurance premium payments from policyholders. As a mutual insurance company, it collects recurring premiums for various insurance products including homeowners, business owners policies, landlord, farm owners, mobile home, dwelling, commercial fire/special multi-peril, and inland marine coverage.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

OCMIC underwrites and sells personal and commercial property and casualty insurance products to New York State residents and businesses through a network of independent insurance agents. Core offerings include Homeowners, Business Owners Policy (BOP), Landlord, Commercial Fire/Special Multi-Peril, Farm Owners, Mobile Home, Dwelling Coverage, and Inland Marine policies, with bundled identity protection services at no added cost.

Product overview

OCMIC is a regional mutual insurance company offering a portfolio of personal and commercial insurance products. The core product line includes Homeowners Insurance, Business Owners Policy (BOP) Insurance, Landlord Insurance, Commercial Fire/Special Multi-Peril, Farm Owners Insurance, Mobile Home Insurance, Dwelling Coverage, and Inland Marine Insurance. These products are distributed exclusively through a network of over 30 independent agents across New York State. Products are customizable through various endorsements and coverage forms. An Identity Protection Service (powered by Identity Theft 911) is offered as a value-added benefit to policyholders at no additional cost.

Differentiator

Problem solved

Functional benefit

Products and services

• Homeowners Insurance Property and liability insurance for owner-occupied dwellings up to two families, including protection for the home, outbuildings, personal property, personal liability, extra living expense, and modular homes on permanent foundations, with endorsements for special equipment, earthquake, water damage, and replacement-cost contents. Sold to New York State homeowners through appointed independent agents.
• Business Owners Policy (BOP) Insurance Flexible commercial package policy covering apartments, churches, hotels/motels, mercantile buildings, offices, service buildings, campgrounds, marinas, and similar operations. Standard BOP includes 3 months of loss of income; Deluxe BOP includes 6 months. Business Extender Endorsement bundles 27 commonly requested coverages. Sold to small/mid-market New York State businesses through independent agents.
• Landlord Insurance Insurance coverage for tenant-occupied rental dwellings (one and two family non-owner occupied, and three and four family owner/non-owner occupied), covering rental buildings, outbuildings, premises liability, and loss of rents, with endorsements for earthquake, personal property, extra loss of rents, additional insureds, and personal injury.
• Commercial Fire Insurance / Special Multi-Peril Flexible Special Multi-Peril and Commercial Fire policies providing wide-ranging property and liability coverage for habitational, mercantile, non-manufacturing, warehouse, manufacturing, and service businesses. Endorsements include loss of income, customer goods, exterior signs, money and securities, employee dishonesty, power failure, refrigerated food coverage, beauty shop liability, and fire legal liability.
• Farm Owners Insurance Coverage for farm dwellings, household personal property, and farm personal property including bulk machinery, borrowed farm machinery, additional farm premises, additional residence premises, livestock, personal liability, and barns. Customizable with multiple coverage forms, deductibles, discounts, and policy credits.
• Mobile Home Insurance Insurance for owner-occupied mobile homes up to two families and seasonal/secondary dwellings, covering the home, outbuildings, personal property, and personal liability. Endorsements include tractors, boats, trailers, jewelry, guns, business personal property, earthquake, golf cart liability, replacement-cost contents, and incidental businesses.
• Dwelling Coverage Insurance program for properties that do not fit standard Homeowners, Landlord, or other OCMIC policies, including vacant/unoccupied dwellings, properties for sale, secondary homes, camps, storage buildings, and manufactured homes for residential purposes, covering dwellings up to four families with customizable endorsements.
• Inland Marine Insurance Coverage with numerous coverage forms and over 100 rating categories for boats, campers, jewelry, livestock, machinery, tools, and similar movable property, available as a stand-alone Inland Marine policy or attached to Fire, Homeowners, Mobile Homeowners, Farmowners, or Commercial Multi-Peril policies.
• Identity Protection Services Free identity protection services for OCMIC policyholders and their family members, powered by Identity Theft 911, including resolution, proactive, child risk, marriage, tax-related, military, medical, travel, relocation, break-in, disaster document recovery, debt tagging, and post-death-of-loved-one assistance services.

Quantifiable outcome

• 7,000+ policyholders served
• +2 more outcomes

Named customers1 record

Segments7 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Identity Theft 911coreOthersIdentity Theft 911 provides identity protection services to OCMIC policyholders and their family members at no additional cost. Services include resolution services, proactive services, child risk services, marriage services, tax-related identity services, military identity services, medical identity services, travel identity services, relocation services, break-in services, disaster document recovery, debt tagging, and assistance after death of a loved one. Customers can call 800-640-9660 and be transferred to Identity Theft 911's Resolution Center for fraud specialist assistance.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Selective Insurance Group: A regional P&C carrier with strong Northeast and Mid-Atlantic presence and a focus on small/standard commercial lines, competing with OCMIC in the BOP and commercial multi-peril space across NY.
• Erie Insurance Group: A larger P&C mutual with a strong regional footprint in the Northeast/Mid-Atlantic and independent-agent distribution model; overlaps with OCMIC in homeowners, auto, and small commercial in Upstate NY markets.
• Travelers Companies: A large national P&C incumbent with independent-agent distribution serving both personal and commercial lines, including homeowners and BOP in the same Upstate NY geography as OCMIC.
• Cincinnati Financial: A mutual P&C insurer writing through independent agents with strong commercial lines emphasis (BOP, commercial property); comparable in mutual structure and agent-led distribution to OCMIC's commercial book.
• State Farm: The largest US mutual P&C/personal lines insurer and the dominant homeowners carrier in many NY ZIPs; competes with OCMIC at the homeowner level while sharing mutual structure and agent distribution.
• Hanover Insurance Group: A Northeast-tilted P&C carrier writing personal and small commercial lines through independent agents, overlapping with OCMIC in homeowners and BOP.

Regional players

• Plymouth Rock Assurance: A Northeast regional P&C carrier with independent-agent distribution and a homeowner/small commercial focus, directly competitive in NY personal lines.

Direct peers

• Dryden Mutual Insurance Company: Another small upstate NY mutual P&C insurer serving personal and small commercial markets through independent agents. Highly comparable footprint, size, and product mix to OCMIC.
• New York Central Mutual Insurance Company: NYCM is a New York-based mutual P&C insurer offering personal lines (auto, homeowners) and commercial lines through independent agents — the closest direct comparable to OCMIC in terms of mutual structure, NY state focus, and agent distribution.
• Utica National Insurance Group: A New York-headquartered mutual holding company writing commercial and personal P&C through independent agents — directly comparable in mutual structure, region, and agent distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/ocmic
• Instagraminstagram.com/ocmic1878
• Xx.com/OCMIC2

Compliance2 records

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 OCMIC