# MEMIC

## At a glance

| Field | Value |
| --- | --- |
| Category | Workers Compensation Insurance |
| Type | Carrier |
| Region | NA |
| Headquarters | Portland, Maine, USA |
| Founded | 1993 |
| Stage | Established |
| Employees | 201-500 |

## Overview

MEMIC (Maine Employers' Mutual Insurance Company) is a private mutual workers' compensation insurer founded in 1993 through landmark Maine legislative reform. When four workers' comp carriers threatened to exit Maine's crisis-ridden market, the state created MEMIC as a policyholder-governed mutual insurer with no government funding or guarantees. Over the 32+ years since its formation, MEMIC's emphasis on workplace safety has helped reduce lost-time injuries in Maine by half and cut the overall cost of insurance by approximately 60 percent. The company has since expanded nationally through the MEMIC Group.

## Links

- Website: <https://memic.com>
- Directory profile: <https://insurtechlist.com/companies/memic/>
- About:: <https://www.memic.com/about-memic>
- History:: <https://www.memic.com/about-memic/company-overview/history>
- Website:: <https://memic.com>

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*Last updated: 2026\-06\-03*