sherrill mutual insurance
Sherrill Mutual Fire Insurance Association is a small, policyholder-owned mutual property-and-casualty insurer founded in 1885, offering fire, wind, equipment breakdown, home, auto, farm, and umbrella coverage to residents and farmers across five Eastern Iowa counties through 14 independent local agencies.
- Company typePrivate
- Founded1885
- HeadquartersSherrill, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What sherrill mutual insurance does
Sherrill Mutual Fire Insurance Association (DBA: Sherrill Mutual Insurance) is a small, privately held mutual property-and-casualty insurer founded in 1885 by a group of local farmers in Sherrill, Iowa. The company writes fire, wind, equipment collision, inland marine, homeowners, auto, farm, and umbrella policies, plus an optional Equipment Breakdown Coverage add-on offered through a partnership with a home equipment coverage insurance provider. Policyholders are members and partial owners of the mutual, and the company is governed by a board of four local farmers and one insurance agent. The business is distributed exclusively through a network of 14 named independent insurance agencies across Eastern Iowa, with direct telephone and website-based quoting/claims intake as supporting touchpoints. Underwriting is limited to five Iowa counties (Dubuque, Clayton, Delaware, Jones, and Jackson), and the company maintains a reinsurance/cooperative relationship with Grinnell Mutual. Technology is limited to standard policy administration and claims management systems, with online premium payments processed via Invoice Cloud. There is no disclosed revenue, headcount, or premium volume, consistent with the company's micro-territorial, member-owned mutual structure.
sherrill mutual insurance firmographics
Firmographics- Name
- sherrill mutual insurance
- Legal name
- Sherrill Mutual Fire Insurance Association
- Website
- https://sherrillmutual.com
- Company type
- Private
- Founded year
- 1885
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Sherrill Mutual Fire Insurance Association is a small, policyholder-owned mutual property-and-casualty insurer founded in 1885, offering fire, wind, equipment breakdown, home, auto, farm, and umbrella coverage to residents and farmers across five Eastern Iowa counties through 14 independent local agencies.
- Ownership category
- akta.pro rank
Where sherrill mutual insurance is headquartered
LocationHeadquarters
- HQ city
- Sherrill
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
sherrill mutual insurance business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Insurance Premiums: Sherrill Mutual generates revenue through insurance premium payments from policyholders. As a mutual insurance company, policyholders are members who share in the cost of losses. The company offers Home, Auto, Farm, Umbrella, and Equipment Breakdown coverage policies with premium payments as the primary revenue stream.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Home, Auto, Farm, Umbrella, and Equipment Breakdown coverage policies |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels3 records
sherrill mutual insurance product offering
Product offeringCore offering
Sherrill Mutual is a mutual insurance association that provides property and casualty insurance coverage to policyholders in five Iowa counties. Its core offerings include fire, wind, equipment collision, inland marine, homeowners, auto, farm, and umbrella insurance policies, supplemented by an optional equipment breakdown coverage add-on for home systems. Policies are sold on a quote-by-quote basis against individual risk assessment, with policyholders serving as member-owners of the mutual.
Product overview
Sherrill Mutual Fire Insurance Association is a regional mutual insurance provider founded in 1885, offering a portfolio of property and casualty insurance products. The core offerings include Fire Insurance (the original and foundational product), Wind Insurance, Equipment Collision Insurance, and Inland Marine Insurance. Additional policy types available include Home, Auto, Farm, and Umbrella insurance. The company also offers an Equipment Breakdown Coverage add-on module (provided through a partnership with a home equipment coverage insurance provider) that covers mechanical breakdown, electrical issues, computer breakdown with data restoration, and utility interruptions for home systems including HVAC, pumps, generators, and pool equipment. The company operates through a network of independent insurance agents across Iowa.
Differentiator
Problem solved
Functional benefit
Products and services
- Fire Insurance Core mutual insurance coverage originally established in 1885, providing protection against fire losses that destroy insured property for policyholders in five Iowa counties.
- Wind Insurance
- Equipment Collision Insurance Coverage for damage caused by equipment collisions to insured property.
- Inland Marine Insurance Coverage for property in transit or at off-site locations, expanding the portfolio beyond stationary property.
- Home Insurance Standard homeowner insurance coverage for residential properties in the service area.
- Auto Insurance Vehicle insurance coverage available as a policy option for individual vehicle owners in the service area.
- Farm Insurance Agricultural property and liability coverage for farm operations, reflecting the company's roots with local farmers.
- Umbrella Insurance Excess liability coverage providing additional protection beyond standard policy limits.
- Equipment Breakdown Coverage Optional policy add-on covering mechanical breakdown, electrical short circuits, pressure damage, business computer breakdown with data restoration, and utility service interruption for home equipment including furnaces, AC, pumps, generators, and pool equipment. Offered through a partnership with a home equipment coverage insurance provider.
Companies that use sherrill mutual insurance
Customer profileSegments3 records
Ideal customer profiles3 records
sherrill mutual insurance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
sherrill mutual insurance partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Equipment Breakdown Coverage PartnercoreSherrill Mutual has partnered with the 'leader in home equipment coverage insurance' to provide Equipment Breakdown Coverage as a policy option. This partnership enables the company to offer comprehensive home equipment protection including mechanical breakdown, electrical short circuits, and data restoration services to policyholders.
- Grinnell MutualcoreSherrill Mutual maintains a partnership with Grinnell Mutual, a regional mutual insurance company. Grinnell Mutual is shown on the company website with a logo reference, indicating a cooperative or reinsurance relationship common among mutual insurance companies.
Scale indicators3 records
Recent moves4 records
Expansion highlights4 records
sherrill mutual insurance competitors and assessment
Company assessmentRegional players
- Donegal Group: Pennsylvania-based regional P&C insurance holding company distributing through independent agents in the Mid-Atlantic and Midwest. Comparable on independent-agent P&C model and small/mid-market regional positioning.
- Westfield Insurance: Ohio-based regional P&C mutual operating through independent agents across the Midwest and East. Comparable in size, mutual structure, and agent-driven P&C distribution, though serving different primary states.
- COUNTRY Financial: Midwest-based mutual insurance group (Illinois/headquartered) offering P&C, life, and financial services through captive agents. Comparable on mutual rural-Midwest positioning and farm/homeowner product emphasis.
- Selective Insurance Group: Mid-Atlantic-based regional P&C carrier distributing exclusively through independent agents. Comparable on independent-agent distribution, standard personal and commercial lines, and community-mutual-style positioning.
Direct peers
- Grinnell Mutual: A regional Midwest mutual property-and-casualty insurer headquartered in Iowa that serves as Sherrill Mutual's reinsurance/strategic partner. Closest comparable on mutual structure, regional Iowa footprint, and P&C product mix.
- EMC Insurance Companies: Iowa-headquartered property-and-casualty insurance group operating through independent agents across the Midwest. Comparable on product lines (home, auto, farm, commercial) and agent-distribution model, though materially larger.
- Farm Bureau Financial Group: Iowa-based insurance and financial services provider with deep farm and rural household penetration across the Midwest. Comparable on the farm/homeowner P&C focus and the role of independent agent/career agent distribution in rural Iowa.
- Iowa Mutual Insurance: Regional mutual property-and-casualty carrier serving Iowa communities through independent agents. Closely comparable mutual structure, Iowa concentration, and personal-lines P&C product set.
Broad incumbents
- Cincinnati Financial: Large Ohio-based P&C insurer with deep independent-agent relationships across the Midwest. Comparable on independent-agent distribution and P&C product breadth, but operates at substantially greater scale.
- Auto-Owners Insurance: A larger Midwest mutual P&C carrier distributing exclusively through independent agents. Comparable on mutual structure and independent-agent model, but materially broader geography and product portfolio.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
sherrill mutual insurance social profiles
Digital presencesherrill mutual insurance financial estimates
Financial estimateRevenue estimate
Valuation estimate
sherrill mutual insurance leadership team
Management profileNumber of profiles
sherrill mutual insurance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
sherrill mutual insurance 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 sherrill mutual insurance
What does sherrill mutual insurance do?
Sherrill Mutual is a mutual insurance association that provides property and casualty insurance coverage to policyholders in five Iowa counties. Its core offerings include fire, wind, equipment collision, inland marine, homeowners, auto, farm, and umbrella insurance policies, supplemented by an optional equipment breakdown coverage add-on for home systems. Policies are sold on a quote-by-quote basis against individual risk assessment, with policyholders serving as member-owners of the mutual.
Is sherrill mutual insurance a public or private company?
sherrill mutual insurance is a private company. It is classified as management employee owned and is currently operating.
When was sherrill mutual insurance founded?
sherrill mutual insurance was founded in 1885. It employs 1 to 10 people.
Where is sherrill mutual insurance based?
sherrill mutual insurance is headquartered in Sherrill, United States, in the North America region.
How does sherrill mutual insurance make money?
One revenue line is on record: insurance Premiums.
Who are sherrill mutual insurance's main competitors?
Regional players on record are Donegal Group, Westfield Insurance, COUNTRY Financial and Selective Insurance Group. Direct peers are Grinnell Mutual, EMC Insurance Companies, Farm Bureau Financial Group and Iowa Mutual Insurance. Broad incumbents are Cincinnati Financial and Auto-Owners Insurance.
Does sherrill mutual insurance have an API?
No public API is recorded for sherrill mutual insurance.