IMACO Insurance Services
- Company typePrivate
- Founded1971
- HeadquartersAnaheim, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
IMACO Insurance Services firmographics
Firmographics- Name
- IMACO Insurance Services
- Legal name
- Imaco Underwriters
- Website
- https://imacounderwriters.com
- Company type
- Private
- Founded year
- 1971
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
IMACO Insurance Services industry classification
Industry- Product category
- Insurance Brokerage Services
- NAICS
- Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Insurance Program Administration & MGA/MGU Services (FSAEADAK)
- akta.pro secondary industry
- Wholesale Insurance Brokerage (Excess & Surplus Lines) (FSAEADAD)
Keywords
Where IMACO Insurance Services is headquartered
LocationHeadquarters
- HQ city
- Anaheim
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
IMACO Insurance Services business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Insurance Agency Commissions: As a Managing General Agency (MGA), Imaco earns commissions from insurance carriers for placing Workers' Compensation and General Liability coverage on behalf of agents and their clients. The company accesses multiple A.M. Best 'A' rated markets to place business.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Payroll Services - 25% cheaper than ADP and Paychex |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels3 records
IMACO Insurance Services product offering
Product offeringCore offering
IMACO Insurance Services operates as a Managing General Agency (MGA) distributing Workers' Compensation, General Liability, and Inland Marine (Equipment Floater) insurance policies exclusively through appointed independent insurance agents and brokers. The company provides access to multiple A.M. Best 'A' rated insurance carrier markets with broad underwriting appetite across diverse class codes, and handles full administrative policy servicing (NOCs, NORs, endorsements, waivers) on behalf of agents.
Product overview
IMACO Insurance Services operates as a Managing General Agency (MGA) established in 1971, functioning as a distributor for insurance agents and brokers. The core product portfolio centers on Workers' Compensation insurance, complemented by General Liability and Inland Marine (Equipment Floater) coverage. These insurance products provide access to A.M. Best 'A' rated markets with broad underwriting appetite. Supporting services include Payroll Services (offering quotes 25% cheaper than ADP and Paychex), Agent Support Services (handling NOC's, NOR's, endorsements), and Specialty Programs targeting specific industries like contractors, trucking, elderly care, and hospitality. The company primarily serves insurance agents who need cost-efficient access to Workers' Compensation services for their clients.
Differentiator
Problem solved
Functional benefit
Products and services
- Workers' Compensation Workers' compensation insurance coverage that provides payment for employee workplace injuries, required by law in many states. IMACO specializes in this line with access to many A.M. Best 'A' rated markets and broad underwriting appetite, distributed exclusively through appointed independent insurance agents and brokers.
- General Liability Insurance policy offering business organizations protection against liability claims for bodily injury and property damage occurring from the premises. Coverage offered for General Contractors, Artisan Contractors, Roofers, Excavation, Janitorial Services, Hospitality Industry, and related commercial operations.
- Inland Marine (Equipment Floater) Coverage for easily transported equipment such as construction equipment (bulldozers) and other similar items that cannot be covered under traditional property insurance policies requiring a single location.
- Payroll Services Online payroll service quotes for insurance professionals, offered at 25% cheaper than ADP and Paychex with free monthly reports for clients.
- Agent Support Services Comprehensive agent assistance including handling Notice of Cancellations (NOCs), Notice of Reinstatements (NORs), endorsements, waivers, and policy notifications. Services include webinars, seminars, and newly licensed agent workshops to support agent development and retention.
- Specialty Programs Targeted insurance programs for specific industries including Elderly Care, Contractors, Non-Emergency Medical Transportation, Residential Care Facilities, Yoga Studios, Trucking, Residential Cleaning, Hotels, and Short-Haul Trucking.
Quantifiable outcome
- Payroll services quoted as 25% cheaper than ADP and Paychex
- +1 more outcomes
Companies that use IMACO Insurance Services
Customer profileSegments3 records
Ideal customer profiles3 records
IMACO Insurance Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
IMACO Insurance Services partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered minor.
- AIGminorInsurance carrier partner. Exclusion forms available for agents to use when placing coverage excluding certain risks under AIG policies.
- AmTrust North AmericaminorInsurance carrier partner. Carrier sends exclusion forms directly to insured per source documentation.
- TravelersminorInsurance carrier partner. Exclusion forms available for agents to use when placing coverage excluding certain risks under Travelers policies.
- Markel First CompminorInsurance carrier partner providing Workers' Compensation coverage through IMACO's market access.
- State FundminorInsurance carrier partner. State Fund Workers' Compensation exclusion forms available.
- National Liability & Fire InsuranceminorInsurance carrier partner providing liability coverage options through IMACO.
- StarStoneminorInsurance carrier partner. Exclusion forms available for agents.
- Falls LakeminorInsurance carrier partner. Exclusion forms available for agents.
Scale indicators3 records
Recent moves5 records
Expansion highlights4 records
IMACO Insurance Services competitors and assessment
Company assessmentDirect peers
- Accident Fund Holdings: Accident Fund is a Workers' Compensation carrier and MGA distributing through independent agents. Its specialty in Workers' Comp, agent-centric distribution, and multi-state operations make it a directly comparable competitor for IMACO's agent partners.
- Pinnacol Assurance: Pinnacol is a Workers' Compensation-focused carrier distributing through independent agents. Its pure-play Workers' Comp focus and agent-driven distribution overlap directly with IMACO's positioning.
- Employers Holdings: Employers Holdings is a Workers' Compensation specialist serving small and mid-sized businesses through independent agents. Like IMACO, it focuses on a narrow line, relies on agent distribution, and competes in the same commercial class codes.
- ICW Group: ICW Group is a Workers' Compensation-focused insurance holding company distributing through independent agents across the U.S. Its pure-play Workers' Comp focus, agent-driven distribution model, and broad class code appetite make it a close comparable to IMACO.
- Arrowhead General Insurance Agency: Arrowhead is a Managing General Agency that underwrites and distributes specialty commercial insurance, including Workers' Comp, through agents. Its MGA model, multi-carrier access, and agent-channel distribution closely parallel IMACO's operating structure.
- Benchmark Insurance Group: Benchmark operates as an MGA/program administrator for Workers' Compensation and other commercial lines, distributing through agents. Its MGA structure, program administration approach, and Workers' Comp specialization mirror IMACO's model.
- AmTrust Financial Services: AmTrust is a major Workers' Compensation carrier and MGA operator that distributes through independent agents. IMACO partners with AmTrust North America to place Workers' Comp business, making AmTrust a directly comparable specialty Workers' Comp distribution channel.
Broad incumbents
- CRC Insurance Services: CRC is one of the largest U.S. wholesale insurance brokers and MGAs, distributing through agents and brokers across many lines including Workers' Comp. Its scale and wholesale/MGA hybrid model represent a larger incumbent comparable to IMACO's specialist MGA position.
- RPS (Risk Placement Services): RPS is a large national wholesale insurance brokerage and MGA distributing specialty and standard lines through retail agents. Its wholesale-plus-MGA structure and broad carrier access make it a broader incumbent comparable to IMACO's specialty MGA business.
- Amwins Group: Amwins is a major wholesale distributor and MGA operating across specialty and standard lines, including Workers' Compensation. Its national wholesale and program administration business is a larger-scale analog to IMACO's MGA distribution model.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
IMACO Insurance Services social profiles
Digital presenceIMACO Insurance Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
IMACO Insurance Services leadership team
Management profileNumber of profiles
IMACO Insurance Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IMACO Insurance Services M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about IMACO Insurance Services
What does IMACO Insurance Services do?
IMACO Insurance Services operates as a Managing General Agency (MGA) distributing Workers' Compensation, General Liability, and Inland Marine (Equipment Floater) insurance policies exclusively through appointed independent insurance agents and brokers. The company provides access to multiple A.M. Best 'A' rated insurance carrier markets with broad underwriting appetite across diverse class codes, and handles full administrative policy servicing (NOCs, NORs, endorsements, waivers) on behalf of agents.
Is IMACO Insurance Services a public or private company?
IMACO Insurance Services is a private company. It is classified as unknown and is currently operating.
When was IMACO Insurance Services founded?
IMACO Insurance Services was founded in 1971. It employs 51 to 100 people.
Where is IMACO Insurance Services based?
IMACO Insurance Services is headquartered in Anaheim, United States, in the North America region.
How does IMACO Insurance Services make money?
One revenue line is on record: insurance Agency Commissions.
Who are IMACO Insurance Services's main competitors?
Direct peers on record are Accident Fund Holdings, Pinnacol Assurance, Employers Holdings, ICW Group, Arrowhead General Insurance Agency, Benchmark Insurance Group and AmTrust Financial Services. Broad incumbents are CRC Insurance Services, RPS (Risk Placement Services) and Amwins Group.
Does IMACO Insurance Services have an API?
No public API is recorded for IMACO Insurance Services.
What industry is IMACO Insurance Services in?
IMACO Insurance Services's product category is Insurance Brokerage Services. Its primary akta.pro industry code is FSAEADAK, Insurance Program Administration & MGA/MGU Services, with a secondary code of FSAEADAD, Wholesale Insurance Brokerage (Excess & Surplus Lines). Its NAICS code is 52421 and its SIC code is 6411.