Service Insurance Companies
- Company typePrivate
- Founded1982
- HeadquartersAustin, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
Service Insurance Companies firmographics
Firmographics- Name
- Service Insurance Companies
- Legal name
- Service Insurance Companies
- Website
- https://serviceinsurance.com
- Company type
- Private
- Founded year
- 1982
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Service Insurance Companies industry classification
Industry- 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
- Workers’ Compensation for Small Business & Pay-As-You-Go Programs (FSAJAEAG)
- akta.pro secondary industry
- Workplace Injury & Medical-Only Coverage (FSAJAEAA)
Keywords
Where Service Insurance Companies is headquartered
LocationHeadquarters
- HQ city
- Austin
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Service Insurance Companies business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Workers Compensation Insurance Premiums: Service Insurance Companies generates revenue through workers compensation insurance premiums. The company reported approximately $300 million in written premiums in 2025. Premiums are determined by business operations, annual payroll, and loss history. Payment options include annual, monthly installments, quarterly installments, semi-annual installments, and monthly payroll reporting.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Customized premium based on business risk profile |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Service Insurance Companies product offering
Product offeringCore offering
Service Insurance Companies is a privately owned monoline workers compensation insurance carrier that has specialized exclusively in workers compensation coverage for over 40 years. The company provides workers comp insurance policies to businesses of all sizes nationwide, supplemented by risk control services, claims handling, premium audits, billing, and dedicated healthcare provider networks in Texas and California.
Product overview
Service Insurance Companies operates as a privately owned, nationwide monoline workers compensation insurance specialist since 1982. The company provides a unified workers compensation insurance product through two operating subsidiaries: Service Lloyds Insurance Company and Service American Indemnity Company. The core insurance offering is complemented by an integrated suite of service modules including the ServiceConnect agency portal (built on Origami), premium audit services, billing/payment processing, risk control services with AI-powered ergonomic assessments, claims handling through multiple third-party administrators (Broadspire, LWP Claims Solutions, CCMSI), and healthcare provider networks (Caramor Texas Healthcare Network, Service Select MPN for California). The company serves small and medium-sized enterprises nationwide through independent insurance agents, with approximately $300 million in written premiums (2025).
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- AI-powered ergonomic assessments help reduce potential for Musculoskeletal Disorders (MSDs)
- +2 more outcomes
Companies that use Service Insurance Companies
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles2 records
Service Insurance Companies technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability7 records
Feature4 records
Service Insurance Companies partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core.
- BroadspirecoreBroadspire serves as a Third-Party Administrator (TPA) partner handling workers compensation claims for certain policyholders based on policy number and state. Service Insurance Companies partners with Broadspire to provide claims handling services including online claim filing, 24/7 customer service, and dedicated adjuster support.
- CCMSI (Nixer)coreCCMSI through its Nixer brand serves as a Third-Party Administrator (TPA) partner handling workers compensation claims for certain policyholders. Provides 24/7 customer service and claims handling support.
- LWP Claims SolutionscoreLWP Claims Solutions serves as a Third-Party Administrator (TPA) partner handling workers compensation claims for certain policyholders. Provides online claim filing, 24/7 customer service, and First Report of Injury processing.
- Caramor Texas Healthcare NetworkcoreCaramor Texas Healthcare Network is a certified workers compensation healthcare network providing contracted care to injured workers through treating physicians, hospitals, specialty providers, and other healthcare professionals. The network ensures appropriate treatment guidelines while controlling medical costs and assisting injured workers return to active employment.
- Service Select MPN (California)coreService Select Medical Provider Network (MPN) provides California-specific workers compensation healthcare network services through a trusted group of physicians, hospitals, specialists, and other medical professionals dedicated to caring for injured employees. Follows proven treatment guidelines to control medical costs while supporting safe and timely return to work.
- Broadspire (Risk Transfer)coreBroadspire Risk Transfer serves as a Third-Party Administrator handling risk transfer claims for certain Service Insurance policyholders with dedicated contact information and fax lines.
- Broadspire (Tangram)coreBroadspire Tangram handles workers compensation claims for certain policyholders with dedicated 24/7 customer service and First Report of Injury forms.
- Broadspire (Paragon)coreBroadspire Paragon handles workers compensation claims for certain policyholders with dedicated contact information and First Report of Injury forms.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Service Insurance Companies competitors and assessment
Company assessmentDirect peers
- AmTrust Financial Services: AmTrust is one of the largest monoline workers' compensation and small commercial insurance carriers in the U.S., competing head-to-head with Service Insurance for SME agents and accounts. Both specialize in workers' comp with similar distribution through independent agents and managing general agents.
- AF Group: AF Group is a workers' compensation specialty carrier serving employers across multiple states with monoline focus similar to Service Insurance. Both are private/non-public specialty carriers competing for SME agent relationships and direct policyholder accounts.
- Employers Holdings: Employers Holdings is a publicly traded monoline workers' compensation carrier focused on small businesses, directly comparable in product scope and target segment to Service Insurance Companies. Both compete in state-specific workers' comp markets through independent agents.
Regional players
- BTIS (Builders & Tradesmen's Insurance Services): BTIS is a regional workers' compensation specialist focused on construction and trades, primarily in the western U.S. Comparable product/market model to Service Insurance but with narrower industry and geographic specialization.
Broad incumbents
- Zurich North America: Zurich North America offers workers' compensation as part of a multi-line commercial portfolio, competing for mid-market and larger accounts. Comparable in workers' comp product offering but operates as a broad diversified global incumbent.
- The Hartford: The Hartford's Workers' Compensation unit competes against Service Insurance for mid-market and larger accounts, with broader product portfolio (property, auto, liability) and brand recognition. Comparable in distribution via independent agents but operating as a diversified incumbent.
- Travelers: Travelers is a major multi-line property & casualty insurer with a substantial workers' compensation book, often competing against Service Insurance through shared independent agents. A broad incumbent rather than a monoline specialist.
- Berkshire Hathaway Homestate Companies: Berkshire Hathaway Homestate Companies (including Guard Insurance) is a major workers' compensation carrier with substantially greater capital backing and a similar SME / agent-driven distribution model. Comparable in monoline focus but operating at much greater scale under the Berkshire Hathaway umbrella.
Emerging players
- NEXT Insurance: NEXT Insurance is a digital-native small commercial insurer offering workers' compensation alongside other coverages through online binding. Competes with Service Insurance for the tech-forward agent and small business customer, though with broader product breadth.
- Pie Insurance: Pie Insurance is an insurtech focused exclusively on workers' compensation for small businesses, competing directly with Service Insurance in the SME segment through a digital-first distribution model. Represents the technology-led disruption that could erode traditional monoline carriers' distribution advantages.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Service Insurance Companies social profiles
Digital presenceService Insurance Companies compliance and trust
Trust signalCompliance1 record
Service Insurance Companies financial estimates
Financial estimateRevenue estimate
Valuation estimate
Service Insurance Companies leadership team
Management profileNumber of profiles
Service Insurance Companies subsidiaries and ownership
Company hierarchySubsidiaries2 records
Service Insurance Companies funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Service Insurance Companies 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 Service Insurance Companies
What does Service Insurance Companies do?
Service Insurance Companies is a privately owned monoline workers compensation insurance carrier that has specialized exclusively in workers compensation coverage for over 40 years. The company provides workers comp insurance policies to businesses of all sizes nationwide, supplemented by risk control services, claims handling, premium audits, billing, and dedicated healthcare provider networks in Texas and California.
Is Service Insurance Companies a public or private company?
Service Insurance Companies is a private company. It is classified as private equity controlled and is currently operating.
When was Service Insurance Companies founded?
Service Insurance Companies was founded in 1982. It employs 101 to 250 people.
Where is Service Insurance Companies based?
Service Insurance Companies is headquartered in Austin, United States, in the North America region.
How does Service Insurance Companies make money?
One revenue line is on record: workers Compensation Insurance Premiums.
Who are Service Insurance Companies's main competitors?
Direct peers on record are AmTrust Financial Services, AF Group and Employers Holdings. BTIS (Builders & Tradesmen's Insurance Services) is listed as a regional player. Broad incumbents are Zurich North America, The Hartford, Travelers and Berkshire Hathaway Homestate Companies. Emerging players are NEXT Insurance and Pie Insurance.
Does Service Insurance Companies have an API?
No public API is recorded for Service Insurance Companies.
What industry is Service Insurance Companies in?
Service Insurance Companies's product category is Workers Compensation Insurance. Its primary akta.pro industry code is FSAJAEAG, Workers’ Compensation for Small Business & Pay-As-You-Go Programs, with a secondary code of FSAJAEAA, Workplace Injury & Medical-Only Coverage. Its NAICS code is 52412 and its SIC code is 6331.