Midwest Builders' Casualty Group

What Midwest Builders' Casualty Group does

Midwest Builders' Casualty Group, doing business as Waypoint Mutual, is a mutual insurance company founded in 1982 and headquartered in Kansas City, Missouri, specializing in monoline workers' compensation insurance. The company serves businesses in construction, manufacturing, distribution, equipment sales/service/rental, railroad, lumberyards, and related industries, primarily across the Midwest but licensed in 31 states. It holds an A.M. Best A-VII (Excellent) financial strength rating and reports a 97% policyholder retention rate over more than 40 years of operation.

Waypoint Mutual's product portfolio centers on workers' compensation coverage, augmented by claims management, loss control consulting, online workplace safety training, and two dividend plan options. The company operates a web-based policyholder and agent portal for claims reporting, premium remittance, and policy management, alongside a separate resource portal that publishes safety guidelines and industry updates. Flexible payment options include pay-as-you-go premium billing tied to actual payroll and traditional installment plans, with small and large deductible options available to policyholders.

Distribution is conducted exclusively through independent insurance agency partners, including HUB International Mid-America (partner since 1982), AssuredPartners of Missouri, Premier Consulting Partners, The Horton Group, Barker Phillips & Jackson, FNIC, and Commercial Risk Solutions. The company does not sell directly to consumers. As a mutual insurance company, it is policyholder-owned, and the firm is led by John Crowley as President and CEO. The company employs between 101 and 250 people.

Name

Midwest Builders' Casualty Group

Legal name

Waypoint Mutual

Website

https://mwbc.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

101–250 employees

Short description

Waypoint Mutual is a Kansas City-based mutual insurance carrier founded in 1982, providing monoline workers' compensation insurance to Midwest construction, manufacturing, and distribution businesses, distributed exclusively through independent insurance agency partners across 31 licensed states.

Ownership category

akta.pro rank

Product category

Workers' Compensation Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Construction Specialty (Wrap-Ups/Builders Risk/Contractors) (FSAJAGAH)

Keywords

• Workers compensation insurance
• Construction industry coverage
• Manufacturing insurance programs
• Loss control services
• Claims management services

Headquarters

HQ city

Kansas City

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Workers' Compensation Insurance Premiums: Monoline workers' compensation insurance sold through independent agency partners. Premiums are collected through flexible payment options including pay-as-you-go and traditional installment plans. The company offers dividend plans that may return value to policyholders.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Midwest Builders' Casualty Group (operating as Waypoint Mutual) is a monoline workers' compensation insurance carrier providing policy coverage, claims management, and loss control services to construction, manufacturing, distribution, equipment services, railroad, and lumberyard businesses. Distribution occurs exclusively through independent insurance agencies, with supplemental online policyholder and agent portals enabling claims filing, premium remittance, and access to safety resources.

Product overview

Waypoint Mutual operates as a monoline workers' compensation insurance carrier offering a unified platform of coverage and risk management services. The core product is workers' compensation insurance, supported by claims management, loss control services, and online training programs. The company provides policyholder and agent portals for account management, claims reporting, and premium remittance, alongside dividend plans, deductible options, and flexible payment plans. All services are accessed through the company's digital portals, with a focus on construction, manufacturing, and related industries.

Differentiator

Problem solved

Functional benefit

Products and services

• Workers' Compensation Insurance Monoline workers' compensation insurance coverage offered through independent insurance agency partners, available in three insurance papers with two dividend plans, a range of deductible options, and flexible premium payment choices for construction, manufacturing, distribution, equipment services, railroad, lumberyard, and related employers.
• Claims Management Services User-friendly claim reporting and dedicated claims handling service for policyholders and agents, supported by manageable adjuster caseloads that enable expert guidance through the claims process and help mitigate experience modifier impacts on renewal pricing.
• Loss Control Services Industry-specific safety assistance and risk consulting for policyholders, providing sensible solutions to address the unique operational challenges of construction, manufacturing, distribution, equipment services, and related industries.

Quantifiable outcome

• 97% policyholder retention rate
• +2 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• AssuredPartners of Missouri, LLCcoreChannel Partner/ Reseller/ DistributorAssuredPartners of Missouri is an insurance agency that represents Waypoint Mutual as a distribution partner. Multiple testimonials from their representatives (Cody Thorne, Eric Kaup) highlight Waypoint Mutual as a premier carrier partner with exceptional loss control and claims management capabilities. The partnership emphasizes competitive pricing and top-notch service.
• FNICcoreChannel Partner/ Reseller/ DistributorFNIC (presumably an insurance agency/broker) partners with Waypoint Mutual for workers' compensation coverage. Representative Clyde Wilberger describes Waypoint Mutual as a premier carrier known for unparalleled expertise in loss control and claims management.
• The Horton Group, Inc.coreChannel Partner/ Reseller/ DistributorThe Horton Group is an insurance agency that has worked with Waypoint Mutual for several years. Representative Tony Hopkins notes Waypoint's competitive pricing, profit sharing dividend, flexible deductible options, and high-touch claims handling.
• Barker Phillips & Jackson, Inc.coreChannel Partner/ Reseller/ DistributorBarker Phillips & Jackson is an insurance agency with a 25+ year relationship with Waypoint Mutual. Representative Sean McQueary emphasizes Waypoint's excellence in client relationships from underwriting through claims handling.
• Premier Consulting PartnerscoreChannel Partner/ Reseller/ DistributorPremier Consulting Partners began their partnership with Waypoint Mutual in 2021 and has become one of their top markets for monoline workers' compensation. Representative Sandra Crain highlights Waypoint's unique customer service methods, loss control capabilities, and user-friendly online portal.
• Commercial Risk Solutions, Inc.minorChannel Partner/ Reseller/ DistributorCommercial Risk Solutions represents Waypoint Mutual as an insurance partner. Representative Scott Carlson describes Waypoint as proactively reaching out to agent partners and policyholders with solutions for workers' compensation safety and claims advocacy.
• HUB International Mid-AmericacoreChannel Partner/ Reseller/ DistributorHUB International Mid-America has been partnered with Waypoint Mutual since their inception in 1982 (approximately 40+ years). Representative Tom Quick describes Waypoint as an incredible business partner with best-in-class consistency in underwriting, loss control guidance, claims handling expertise, and customer services.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Travelers: Large national P&C carrier with a dedicated workers' compensation line serving construction, manufacturing, and other commercial industries. Overlaps with Waypoint's core verticals but at vastly greater scale and with broader product offerings.
• Berkshire Hathaway Homestate Companies: Workers' compensation and commercial insurance carriers owned by Berkshire Hathaway operating across multiple states. Larger and broader than Waypoint but directly competes in the same monoline WC space for construction and light manufacturing accounts.
• AmTrust Financial Services: Large specialty P&C insurer with a substantial workers' compensation franchise focused on small commercial and middle-market accounts. Overlaps with Waypoint in construction and manufacturing WC but operates at significantly greater scale.
• The Hartford: National P&C carrier with a workers' compensation product serving mid-size and large construction and manufacturing businesses. Competes with Waypoint for larger Midwest accounts but offers broader product breadth.

Regional players

• Society Insurance: Regional mutual insurance company headquartered in Wisconsin offering workers' compensation, commercial auto, and property to businesses primarily in the Midwest. Highly comparable regional mutual peer with similar industry focus and agent-driven distribution.

Direct peers

• FCCI Insurance Group: Mutual insurance company focused on workers' compensation, commercial auto, and property for targeted industries including construction, healthcare, and manufacturing. Closely mirrors Waypoint's mutual structure, regional focus, and industry specialization.
• AF Group (Accident Fund Holdings): Workers' compensation specialist carrier (including Accident Fund and United Heartland) serving construction, manufacturing, and healthcare. Comparable as a monoline WC carrier with similar industry appetite and multi-state operations.
• Zenith Insurance Company: Workers' compensation specialist carrier focused on California and national accounts, with deep construction and agriculture industry expertise. Directly comparable to Waypoint Mutual as a monoline WC carrier serving similar high-risk industries.
• Sentry Insurance: Mutual insurance group offering workers' compensation and commercial insurance to businesses nationwide, with strong construction and manufacturing vertical focus. Closely comparable as a regional mutual with WC as a core line.
• Builders Mutual Insurance Company: Mutual insurance carrier specializing in workers' compensation and commercial insurance for the construction industry across the Southeast and Mid-Atlantic. Shares Waypoint's niche focus on construction contractors and mutual ownership structure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/waypointmutual

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 Midwest Builders' Casualty Group