MidSouth Insurance Company

Name

MidSouth Insurance Company

Legal name

MidSouth Insurance Company

Website

https://midsouthinsuranceco.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Workers' Compensation Insurance

NAICS

Insurance Carriers (5241), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers and Related Activities (524)

SIC

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

akta.pro primary industry

Co-Employment Risk Management & Insurance (Workers’ Comp, Liability) (BPACAGAH)

Keywords

• Workers compensation insurance
• Insurance carrier services
• Construction industry insurance
• Claims management services
• Loss control services

Headquarters

HQ city

Brentwood

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Workers' Compensation Insurance Premiums: MidSouth Insurance Company generates revenue through workers' compensation insurance premiums. The company provides integrated workers' compensation insurance products designed to help clients control their total cost of risk. Flexible payment options including ACH drafts and credit card payments are available.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

MidSouth Insurance Company underwrites and distributes workers' compensation insurance policies to contractors, construction firms, home healthcare providers, auto repair shops, restaurants, and select business segments across 16 states. The core insurance product is bundled with safety and loss control resources, claims administration (handled by Brentwood Services Administrators), flexible ACH and credit card payment plans, and web-based broker/agency portals for quoting and policy management.

Product overview

MidSouth Insurance Company operates as a workers' compensation insurance carrier providing a unified product portfolio centered on workers' compensation coverage for contractors, construction firms, home healthcare, restaurants, and select business segments. The core insurance product is supplemented by integrated service modules: Safety & Loss Control Services (offering an online safety handbook and consultative support), Claims Management Services (administered through Brentwood Services Administrators), and a Payment Center with flexible payment options including ACH. The company also provides web-based self-service platforms—the Broker/Agency Service Portal and Broker/Agency Quote Portal—for policy management and quoting. The product portfolio is distributed through independent insurance agencies and wholesale partners across 16 states.

Differentiator

Problem solved

Functional benefit

Products and services

• Workers' Compensation Insurance Workers' compensation insurance policies covering employee injury exposures for contractors, construction companies, home healthcare providers, auto repair shops, restaurants, and other select business segments across 16 states in the South, Southeast, and Midwest. Designed to help clients control their total cost of risk.
• Safety & Loss Control Services A suite of safety publications, resources, consultative support, and an online safety handbook covering 25+ topics (accident investigation, confined spaces, electrical safety, masonry, roofing, ladders, scaffolds, tool safety, and more) to help clients develop strong workplace safety practices.
• Claims Management Services Workers' compensation claims services featuring 24-hour reporting requirements, First Report of Injury submission by fax or web portal, and an early-return-to-work focus administered by Brentwood Services Administrators, Inc.
• Payment Center / Flexible Payment Plans Online payment portal supporting credit card payments via client portal, with ACH payment options including one-time debit authorization, recurring monthly drafts, and deposit-then-monthly-draft plans.
• Broker/Agency Service Portal Web-based portal for approved brokers and agencies to access policy management, service requests, and account information.
• Broker/Agency Quote Portal Online quoting platform enabling approved broker partners to secure workers' compensation insurance quotes from a fast, easy-to-use web-based interface.

Quantifiable outcome

• Sustained profitable growth and development
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and major.

• FCBI (Florida Workers' Compensation Insurance)coreStrategic or Co-development Partner · 21 August 2024FCBI, a Florida-based self-insurance fund specializing in workers' compensation insurance, acquired MidSouth Mutual Insurance Company effective August 21, 2024. The carrier was demutualized and renamed MidSouth Insurance Company. MidSouth Insurance Company now operates as a subsidiary of FCBI. Both companies share commitment to exceptional customer service, workplace safety, and cost containment.
• Homebuilders Association of Tennessee (HBAT)coreGTM or Marketing PartnerMidSouth Insurance Company maintains a close historical association with HBAT, having been born out of the Homebuilders Self Insured Trust (HBATSIT). The company is a top-level Titanium sponsor of HBAT. The partnership supports home construction builders and associated trades.
• Insurors of TennesseemajorGTM or Marketing PartnerMidSouth Insurance Company is a sponsor/partner of Insurors of Tennessee, a professional insurance organization. The company supports association events and initiatives in the state.
• Independent Insurance Agents of North Carolina (IIANC)majorGTM or Marketing PartnerMidSouth Insurance Company is a sponsor/partner of IIANC, supporting independent insurance agents and brokers in North Carolina.
• Independent Insurance Agents & Brokers of South Carolina (IIABSC)majorGTM or Marketing PartnerMidSouth Insurance Company is a sponsor/partner and Silver Palmetto Sponsor of IIABSC. The company participates in association Spring Conferences and maintains active presence at industry events in South Carolina.
• WholesuremajorChannel Partner/ Reseller/ DistributorWholesale distribution partner for MidSouth Insurance Company. Retail agencies without direct appointments can access MidSouth products through Wholesure. Contact: 888.376.9633 Ext. 2008
• Eastern Underwriting ManagersmajorChannel Partner/ Reseller/ DistributorWholesale distribution partner for MidSouth Insurance Company. Contact: 877.327.3061
• NovataemajorChannel Partner/ Reseller/ DistributorWholesale distribution partner for MidSouth Insurance Company. Contact: 678.888.5194
• Brentwood Services Administrators, Inc.coreImplementation/ SI/ Consulting PartnerClaims administration partner handling workers' compensation claims. Located in Brentwood, TN with toll-free hotline 800-524-0604. Manages first reports of injury, claims investigation, and claims handling with focus on early return-to-work.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• ICW Group: Workers' comp-focused property/casualty insurer serving small-to-mid-sized businesses across many U.S. states. Highly comparable monoline workers' comp strategy with regional agency distribution.
• Builders Insurance Group: Specialty property/casualty insurer focused on residential and commercial construction trade contractors. Highly comparable to MidSouth given its construction-industry specialization and workers' comp offerings to builders.
• Employers Holdings: Workers' compensation pure-play insurer focused on small businesses across select U.S. states. Comparable to MidSouth as a monoline workers' comp carrier, though at materially larger scale and broader geographic footprint.
• AmTrust Financial Services: National specialty insurer with a sizable workers' compensation book serving small and mid-market employers, including trades and contracting. Direct competitor to MidSouth in the workers' comp niche with broader geographic and product reach.
• Zenith Insurance Company: Workers' compensation specialist serving agriculture, construction, and other targeted industries, particularly on the West Coast. Directly comparable underwriting niche and segment focus to MidSouth.

Broad incumbents

• Sentry Insurance: Large mutual insurer offering workers' comp among broader P&C lines, with strong mid-market business and construction industry relationships. Comparable products and distribution channels at significantly larger scale.
• The Hartford: National insurer with a significant workers' compensation practice serving mid-sized businesses and construction trades. Overlaps with MidSouth in target customer and product, but operates at vastly broader scale across all P&C lines.
• Berkshire Hathaway Homestate Companies: Workers' comp-focused group of insurers operating in multiple U.S. states with strong construction and trade contractor focus. Comparable underwriting niche to MidSouth at a much larger premium volume.
• Travelers: Major national carrier with substantial workers' comp business serving construction and mid-market accounts. Competitor in many of MidSouth's 16 states though with much broader product portfolio and underwriting scale.

Regional players

• Florida Citrus Growers Self-Insured Fund (FCBI): Florida-based workers' comp self-insurance fund and parent company of MidSouth since August 2024. Operates in adjacent workers' comp territory with overlapping underwriting expertise in agriculture and small business.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/midsouth-mutual-insurance-company

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 MidSouth Insurance Company