BMI Company, Inc.
BMI Company, Inc. is a privately held insurance provider based in Billings, Missouri, specializing in coverage tailored to the needs of local residents and businesses. Founded in 1891, the company offers a range of insurance products, including auto, home, farm, and business insurance, with a strong emphasis on personalized service through local agents.
Company History
BMI Company, Inc. was originally established as The Farmers Mutual Insurance Company of Billings in 1891. The company underwent several name changes, becoming Billings Mutual Insurance Company in 1993 and later adopting its current name, BMI Company, Inc., in 2017. With over 125 years of service, the company has a long-standing presence in the insurance industry, particularly in Missouri.
Insurance Products Offered
BMI Company, Inc. specializes in a range of insurance products tailored to the needs of Missouri residents. These include auto, home, farm, business, and umbrella insurance. The company provides farm insurance options with scheduled or blanketed coverage for various agricultural assets. Additionally, it offers optional endorsements for auto coverage and business insurance that includes general liability and equipment breakdown.
Payment Options
BMI Company, Inc. provides a variety of payment methods to accommodate its policyholders. Payment options include text, check, PayPal, Google Pay, Apple Pay, Venmo, Discover, Mastercard, Visa, and American Express. The company also offers 24/7 payment options via phone, ensuring convenience for its customers.
Local Agent Focus
The company emphasizes the importance of local agents who are familiar with the specific needs and preferences of the Missouri community. This approach allows BMI Company, Inc. to address the unique challenges faced by residents, including those posed by Missouri's irregular weather patterns and mid-west lifestyle.
Business Structure
BMI Company, Inc. is classified as a privately held company with a team size of 21, categorizing it as a small business. The company has expanded its reach by acquiring and merging with 10 Missouri mutual companies under its charter since the year 2000, enhancing its service offerings and market presence.