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                                                                    Exhibit 10.9

                               AMCOMP INCORPORATED

                             2005 STOCK OPTION PLAN

     1.   PURPOSE OF THE PLAN.

          This 2005 Stock Option Plan (the "Plan") is intended as an incentive,
to retain in the employ and as directors of and as consultants and advisors to
AMCOMP INCORPORATED, a Delaware corporation with its principal office at 701
U.S. Highway 1, Suite 200, North Palm Beach, Florida 33408 (the "Company") and
any Subsidiary of the Company, within the meaning of Section 424(f) of the
Internal Revenue Code of 1986, as amended (the "Code"), persons of training,
experience and ability, to attract new employees, directors, advisors and
consultants whose services are considered valuable, to encourage the sense of
proprietorship and to stimulate the active interest of such persons in the
development and financial success of the Company and its Subsidiaries.

          The Company intends that certain options granted under the Plan
constitute incentive stock options within the meaning of Section 422 of the Code
(the "Incentive Options"), while certain other options granted under the Plan be
nonqualified stock options (the "Nonqualified Options"). Incentive Options and
Nonqualified Options are hereinafter referred to collectively as "Options."

          The Company further intends that the Plan meet the requirements of
Rule 16b-3 ("Rule 16b-3") promulgated under the Securities Exchange Act of 1934,
as amended (the "Exchange Act"), and that transactions of the type specified in
subparagraphs (c) to (f) inclusive of Rule 16b-3 by officers and directors of
the Company under the Plan be exempt from the operation of Section 16(b) of the
Exchange Act. The Plan is intended to satisfy the performance-based compensation
exception to the limitation on the Company's tax deductions imposed by Section
162(m) of the Code with respect to those Options for which qualification for
such exception is intended. In all cases, the terms, provisions, conditions and
limitations of the Plan shall be construed and interpreted consistent with the
Company's intent as stated in this Section 1.

     2.   ADMINISTRATION OF THE PLAN.

          The Board of Directors of the Company (the "Board") shall appoint and
maintain as administrator of the Plan a Committee (the "Committee") consisting
of three or more members of the Board who are (i) "Non-Employee Directors,"
within the meaning of subparagraph (b) of Rule 16b-3, (ii) "Outside Directors,"
within the meaning of Section 162(m) of the Code, and (iii) independent under
the standards set forth in Rule 4350 of the Rules of the National Association of
Securities Dealers, Inc. The fact that a member of the Committee shall fail to
qualify under the provisions of the preceding sentence shall not invalidate any
Option granted by the Committee that is otherwise validly granted under the
Plan. The members of the Committee shall serve at the pleasure of the Board. The
Committee, subject to Sections 3 and 5 hereof, shall have full power and
authority to designate recipients of Options, to determine the terms and
conditions of respective Option agreements (which need not be identical) and to
interpret the

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provisions and supervise the administration of the Plan. The Committee shall
have the authority, without limitation, to designate which Options granted under
the Plan shall be Incentive Options and which shall be Nonqualified Options. To
the extent that any Option does not qualify as an Incentive Option, it shall
constitute a separate Nonqualified Option.

          Subject to the provisions of the Plan, the Committee shall interpret
the Plan and all Options granted under the Plan, shall make such rules as it
deems necessary for the proper administration of the Plan, shall make all other
determinations necessary or advisable for the administration of the Plan and
shall correct any defects or supply any omission or reconcile any inconsistency
in the Plan or in any Options granted under the Plan in the manner and to the
extent that the Committee deems desirable to carry into effect the Plan or any
Options. The act or determination of a majority of the Committee shall be the
act or determination of the Committee and any decision reduced to writing and
signed by all of the members of the Committee shall be fully effective as if it
had been made by a majority at a meeting duly held. Subject to the provisions of
the Plan, any action taken or determination made by the Committee pursuant to
this and the other Sections of the Plan shall be conclusive on all parties.

          In the event that for any reason the Committee is unable to act or if
the Committee at the time of any grant, award or other acquisition under the
Plan of Options or Stock as hereinafter defined does not meet the requirements
of the first sentence of Section 2 hereof, or if there shall be no such
Committee, then the Plan shall be administered by the Board, and references
herein to the Committee (except in the proviso to this sentence) shall be deemed
to be references to the Board, and any such grant, award or other acquisition
may be approved or ratified in any other manner contemplated by subparagraph (d)
of Rule 16b-3; PROVIDED, HOWEVER, that options granted to the Company's Chief
Executive Officer or to any of the Company's other four most highly compensated
officers that are intended to qualify as performance-based compensation under
Section 162(m) of the Code may only be granted by the Committee.

          A consultant shall not be eligible for the grant of an option if, at
the time of grant, a Registration Statement on Form S-8 (a "Form S-8") under the
Securities Act of 1933, as amended (the "Securities Act"), is not available to
register either the offer or the sale of the Company's securities to such
consultant because of the nature of the services that such consultant is
providing to the Company, or because the consultant is not a natural person, or
as otherwise provided by the rules governing the use of Form S-8, unless the
Company determines both (i) that such grant (A) shall be registered in another
manner under the Securities Act (E.G., on a Registration Statement on Form S-3)
or (B) does not require registration under the Securities Act in order to comply
with the requirements of the Securities Act, if applicable, and (ii) that such
grant complies with securities laws of all other relevant jurisdictions.

     3.   DESIGNATION OF OPTIONEES.

          The persons eligible for participation in the Plan as recipients of
Options (the "Optionees") shall include employees, officers and directors of,
and consultants and advisors to, the Company or any Subsidiary; provided that
Incentive Options may only be granted to employees of the Company and the
Subsidiaries. In selecting Optionees, and in determining the number of shares to
be covered by each Option granted to Optionees, the Committee may

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consider the office or position held by the Optionee or the Optionee's
relationship to the Company, the Optionee's degree of responsibility for and
contribution to the growth and success of the Company or any Subsidiary, the
Optionee's length of service, age, promotions, potential and any other factors
that the Committee may consider relevant. An Optionee who has been granted an
Option hereunder may be granted an additional Option or Options, if the
Committee shall so determine.

     4.   STOCK RESERVED FOR THE PLAN.

          Subject to adjustment as provided in Section 7 hereof, a total of
_________ shares of the Company's Common Stock, $.01 par value per share (the
"Stock"), shall be subject to the Plan. The maximum number of shares of Stock
that may be subject to options granted under the Plan to any individual in any
calendar year shall not exceed 500,000 (subject to adjustment under Section 7
hereof) and the method of counting such shares shall conform to any requirements
applicable to performance-based compensation under Section 162(m) of the Code.
The shares of Stock subject to the Plan shall consist of unissued shares or
previously issued shares held by the Company or any Subsidiary of the Company,
and such amount of shares of Stock shall be and is hereby reserved for such
purpose. Any of such shares of Stock that may remain unsold and that are not
subject to outstanding Options at the termination of the Plan shall cease to be
reserved for the purposes of the Plan, but until termination of the Plan, the
Company shall at all times reserve a sufficient number of shares of Stock to
meet the requirements of the Plan. Should any Option expire or be cancelled
prior to its exercise in full or should the number of shares of Stock to be
delivered upon the exercise in full of an Option be reduced for any reason, the
shares of Stock theretofore subject to such Option may be subject to future
Options under the Plan, except where such reissuance is inconsistent with the
provisions of Section 162(m) of the Code.

     5.   TERMS AND CONDITIONS OF OPTIONS.

          Options granted under the Plan shall be subject to the following
conditions and shall contain such additional terms and conditions, not
inconsistent with the terms of the Plan, as the Committee shall deem desirable:

          (a)  OPTION PRICE. The purchase price of each share of Stock
purchasable under an Option shall be determined by the Committee at the time of
grant, but shall not be less than 100% of the Fair Market Value (as defined
below) of such share of Stock on the date the Option is granted; PROVIDED,
HOWEVER, that with respect to an Optionee who, at the time an Incentive Option
is granted, owns (within the meaning of Section 424(d) of the Code) more than
10% of the total combined voting power of all classes of stock of the Company or
of any Subsidiary, the purchase price per share of Stock shall be at least 110%
of the Fair Market Value per share of Stock on the date of grant. The exercise
price of each Option shall be subject to adjustment as provided in Section 7
below. Fair Market Value means the closing price of publicly traded shares of
Stock on the principal national securities exchange on which shares of Stock are
listed (if the shares of Stock are so listed), or on the Nasdaq Stock Market (if
the shares of Stock are regularly quoted on the Nasdaq Stock Market), or, if not
so listed or regularly quoted, the mean between the closing bid and asked prices
of publicly traded shares of Stock in the over-the-counter market, or, if such
bid and asked prices shall not be available, as reported by any nationally
recognized quotation service selected by the Company, or as determined by the

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Committee in a manner consistent with the provisions of the Code. Anything in
this Section 5(a) to the contrary notwithstanding, in no event shall the
purchase price of a share of Stock be less than the minimum price permitted
under rules and policies of the national securities exchange or automated
quotation system on which the shares of Stock are listed (if the shares of Stock
are so listed).

          (b)  OPTION TERM. The term of each Option shall be fixed by the
Committee, but no Option shall be exercisable more than 10 years after the date
such Option is granted; PROVIDED, HOWEVER, that in the case of an Optionee who,
at the time an Incentive Option is granted, owns (within the meaning of Section
424(d) of the Code) more than 10% of the total combined voting power of all
classes of stock of the Company or any Subsidiary, then such Incentive Option
shall not be exercisable with respect to any Stock subject to such Option later
than the date that is five years after the date of grant.

          (c)  EXERCISABILITY. Subject to Section 5(j) hereof, Options shall be
exercisable at such time or times and subject to such terms and conditions as
shall be determined by the Committee at the time of grant, PROVIDED, HOWEVER,
that no Option shall be exercisable until at least six months have elapsed after
the date of grant of such Option. The vesting provisions of individual options
may vary.

          The Committee in its sole discretion shall have the power to
accelerate the time at which Options may first be exercised and the time at
which Options or any part thereof will vest in accordance with the Plan,
notwithstanding provisions in the Options stating the time at which they may
first be exercised or the time at which they will vest. In its sole discretion,
the Committee may also determine that, in the event of a Corporate Transaction
(as defined below), outstanding Options shall terminate within a specified
number of days after notice to the Optionee thereunder, and each Optionee shall
receive, with respect to each share of Stock subject to such Option, an amount
equal to the excess of the Fair Market Value of such share immediately prior to
such Corporate Transaction over the exercise price per share of such Option.
Such amount shall be payable in cash, in one or more kinds of property
(including the property, if any, payable in the Corporate Transaction) or a
combination thereof, as the Committee shall determine in its sole discretion.
Any such cash payments shall be made by check payable to the Optionee, by wire
transfer in immediately available funds to an account specified in writing by
the Optionee to the Company or in such other manner as the Company and the
Optionee shall agree.

          (d)  METHOD OF EXERCISE. An Option, to the extent then exercisable,
may be exercised in whole or in part at any time during the option period, by
giving written notice to the Company specifying the number of shares of Stock to
be purchased, accompanied by payment in full of the exercise price, in cash, by
check or such other instrument as may be acceptable to the Committee. As
determined by the Committee, in its sole discretion, at or after grant, payment
in full or in part may be made at the election of the Optionee (i) in the form
of Stock owned by the Optionee (based on the Fair Market Value of the Stock on
the trading day before the Option is exercised) that is not the subject of any
pledge or security interest, (ii) in the form of Stock withheld by the Company
from the shares of Stock otherwise to be received, with such withheld shares of
Stock having a Fair Market Value on the date of exercise equal to the exercise
price of the Option, or (iii) by a combination of the foregoing, provided that
the combined value of all

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cash and cash equivalents and the Fair Market Value of any shares surrendered to
the Company is at least equal to such exercise price and except with respect to
(ii) above, such method of payment will not cause a disqualifying disposition of
all or a portion of the Stock received upon exercise of an Incentive Option. An
Optionee shall have the right to dividends and other rights of a stockholder
with respect to shares of Stock purchased upon exercise of an Option after (i)
the Optionee has given written notice of exercise and has paid in full for such
shares, (ii) becomes a stockholder of record with respect thereto, and (iii) the
Optionee has satisfied such conditions that may be imposed by the Company with
respect to the withholding of taxes.

          (e)  NON-TRANSFERABILITY OF OPTIONS. Options are not transferable and
may be exercised solely by the Optionee during his lifetime or after his death
by the person or persons entitled thereto under his will or the laws of descent
and distribution; PROVIDED, HOWEVER, that Options may be transferred under a
qualified domestic relations order (as defined in the Code or Title I of the
Employee Retirement Income Security Act, or the rules promulgated thereunder.)
Any attempt to transfer, assign, pledge or otherwise dispose of, or to subject
to execution, attachment or similar process, any Option contrary to the
provisions hereof shall be void and ineffective and shall give no right to the
purported transferee.

          (f)  TERMINATION BY DEATH. Unless otherwise determined by the
Committee at grant, if any Optionee's employment with or service to the Company
or any Subsidiary terminates by reason of death, any Option held by such
Optionee may thereafter be exercised, to the extent then exercisable (or on such
accelerated basis as the Committee shall determine at or after grant), by the
legal representative of the estate or by the legatee of the Optionee under the
will of the Optionee, for a period of one year after the date of such death or
until the expiration of the stated term of such Option as provided under the
Plan, whichever period is shorter.

          (g)  TERMINATION BY REASON OF DISABILITY. Unless otherwise determined
by the Committee at grant, if any Optionee's employment with or service to the
Company or any Subsidiary terminates by reason of disability, any Option held by
such Optionee may thereafter be exercised, to the extent it was exercisable at
the time of termination due to disability (or on such accelerated basis as the
Committee shall determine at or after grant), for a period of one year after
such termination or until the expiration of the stated term of such Option,
whichever period is shorter. In the case of an Optionee employed under an
employment agreement with the Company or any Subsidiary, the term disability as
used herein shall have the meaning set forth in such employment agreement. In
all other cases, the term disability shall have the meaning given it in any
long-term disability plan of the Company, or if the Company maintains no such
plan, such term shall mean the Optionee's inability to engage in any substantial
gainful activity by reason of a physical or mental impairment that can
reasonably be expected to result in death or that has lasted or can reasonably
be expected to last for a continuous period of not less than 180 days; provided,
that when used in connection with the exercise of an Incentive Option following
termination of employment, such term shall mean a disability within the meaning
of Section 22(e)(3) of the Code.

          (h)  TERMINATION BY REASON OF RETIREMENT. Unless otherwise determined
by the Committee at grant, if any Optionee's employment with or service to the
Company or any Subsidiary terminates by reason of Normal or Early Retirement (as
such terms are defined below), any Option held by such Optionee may thereafter
be exercised to the extent it was

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exercisable at the time of such Retirement (or on such accelerated basis as the
Committee shall determine at or after grant), for a period of 30 days after the
date of such termination of employment or service or until the expiration of the
stated term of such Option, whichever period is shorter; PROVIDED, HOWEVER,
that, if the Optionee dies within such 30 day period, any unexercised Option
held by such Optionee shall thereafter be exercisable, to the extent to which it
was exercisable at the time of death, for a period of one year after the date of
such death or for the stated term of such Option, whichever period is shorter.

          For purposes of this paragraph (h), Normal Retirement shall mean
retirement from active employment with the Company or any Subsidiary on or after
the normal retirement date specified in the applicable Company or Subsidiary
pension plan or if no such pension plan, age 65. Early Retirement shall mean
retirement from active employment with the Company or any Subsidiary under the
early retirement provisions of the applicable Company or Subsidiary pension plan
or if no such pension plan, age 55.

          (i)  OTHER TERMINATION. Unless otherwise determined by the Committee
at grant, if any Optionee's employment with or service to the Company or any
Subsidiary terminates for any reason other than death, Disability or Normal or
Early Retirement, the Option shall thereupon terminate, except that the portion
of any Option that was exercisable on the date of such termination of employment
may be exercised for the lesser of 30 days after the date of termination or the
balance of such Option's term, if the Optionee's employment or service with the
Company or any Subsidiary is terminated by the Company or such Subsidiary
without cause (the determination as to whether termination was for cause to be
made by the Committee). The transfer of an Optionee from the employ of the
Company to a Subsidiary, or vice versa, or from one Subsidiary to another, shall
not be deemed to constitute a termination of employment for purposes of the
Plan.

          (j)  LIMIT ON VALUE OF INCENTIVE OPTION. The aggregate Fair Market
Value, determined as of the date the Incentive Option is granted, of Stock for
which Incentive Options are exercisable for the first time by any Optionee
during any calendar year under the Plan (and/or any other stock option plans of
the Company or any Subsidiary) shall not exceed $100,000.

          (k)  INCENTIVE OPTION SHARES. The stock option agreement evidencing
any Incentive Options granted under this Plan shall provide that (i) the
Optionee shall be required as a condition of exercise of such Incentive Option
to furnish to the Company any payroll (employment) tax required to be withheld,
and (ii) if the Optionee makes a disposition, within the meaning of Section
424(c) of the Code and regulations promulgated thereunder, of any shares of
Stock issued to him upon exercise of an Incentive Option granted under the Plan
within the two-year period commencing on the day after the date of the grant of
such Incentive Option or within a one-year period commencing on the day after
the date of transfer of the shares to him upon exercise of such Incentive
Option, he shall, within 10 days after such disposition, notify the Company
thereof and immediately deliver to the Company any amount of United States
federal, state and local income tax withholding required by law.

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     6.   TERM OF PLAN.

          No Option shall be granted under the Plan on or after September 23,
2014, but the term of Options theretofore granted may extend beyond that date.

     7.   ASSUMPTION OF OPTIONS BY SUCCESSORS; ADJUSTMENTS UPON CHANGES IN
CAPITALIZATION.

          (a)  Except as otherwise provided in Section 5(c) hereof, in the event
of (i) a merger or consolidation in which the Company is not the surviving
corporation (other than a merger or consolidation with a wholly-owned
subsidiary, a reincorporation of the Company in a different jurisdiction, or
other transaction in which there is no substantial change in the stockholders of
the Company), (ii) the sale of all or substantially all of the assets of the
Company, or (iii) any other merger, consolidation, acquisition of property or
stock, separation or reorganization of or from the Company wherein the
stockholders of the Company give up all of their equity interest in the Company,
except for the acquisition, sale or transfer of all or substantially all of the
outstanding shares of the Company (each of the foregoing, a "CORPORATE
TRANSACTION"), all outstanding Options shall be assumed by the successor
corporation, which assumption shall be binding on all Optionees. In the
alternative, the successor corporation may substitute equivalent options or
provide substantially similar consideration to Optionees as was provided to
stockholders in the Corporate Transaction (after taking into account the
existing provisions of the Options). Should the successor corporation fail to
assume all outstanding Options or to substitute equivalent options or provide
similar consideration, the vesting of all outstanding Options shall be
accelerated in full and all Options shall become immediately exercisable and the
Options shall terminate if not exercised at or prior to the Corporate
Transaction. If the exercise of the foregoing right by the holder of an
Incentive Option would be deemed to result in a violation of the provisions of
Subsection 5(j) of the Plan, then, without further act on the part of the
Committee or the option holder, such Incentive Option shall be deemed a
Nonqualified Option to the extent necessary to avoid any such violation.

          (b)  The existence of outstanding Options shall not affect in any way
the right or power of the Company or its stockholders to make or authorize any
or all adjustments, recapitalizations, reorganizations or other changes in the
Company's capital structure or its business, or any merger or consolidation of
the Company, or any issuance of Stock or subscription rights thereto, or any
merger or consolidation of the Company, or any issuance of bonds, debentures,
preferred or prior preference stock ahead of or affecting the Stock or the
rights thereof, or the dissolution or liquidation of the Company, or any sale or
transfer of all or any part of its assets or business, or any other corporate
act or proceeding, whether of a similar character or otherwise; PROVIDED,
HOWEVER, that if the outstanding Stock or the number of shares thereof
outstanding shall at any time be changed or exchanged by or in connection with a
stock dividend, stock split, reverse split or combination of shares,
recapitalization, or similar change in the capital structure of the Company
without consideration, or if a substantial portion of the assets of the Company
is distributed to the stockholders of the Company without consideration in a
spin-off or other similar transaction, the number and kind of Stock subject to
the Plan and subject to any Options theretofore granted, and the Option prices,
shall be appropriately and equitably adjusted. Any adjustment affecting an
Incentive Option shall satisfy the requirements of Section 424 of the Code.

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          (c)  Adjustments under this Section 7 shall be made by the Committee
whose determination as to what adjustments, if any, shall be made, and the
extent thereof, shall be final.

     8.   PURCHASE FOR INVESTMENT.

          Unless the Options and shares covered by the Plan have been registered
under the Securities Act of 1933, as amended (the "Securities Act"), or the
Company has determined that such registration is unnecessary, each person
exercising an Option under the Plan may be required by the Company to give a
representation in writing that he is acquiring the shares for his own account
for investment and not with a view to, or for sale in connection with, the
distribution of any part thereof.

     9.   TAXES.

          The Company may make such provisions as it may deem appropriate,
consistent with applicable law, in connection with any Options granted under the
Plan with respect to the withholding of any taxes (including income or
employment taxes) or any other tax matters. As a condition of exercise of an
Option, each Optionee agrees that (i) no later than the date of exercise of such
Option, such Optionee shall pay to the Company or make arrangements satisfactory
to the Company regarding payment of all federal, state and local taxes of any
kind required by law to be withheld upon the exercise of such Option; and (ii)
the Company shall, to the extent required or permitted by law, have the right to
deduct federal, state and local and employment taxes required or permitted by
law to be withheld upon the exercise of such Option from payment of any kind
otherwise due to such Optionee.

     10.  EFFECTIVE DATE OF PLAN.

          The Plan shall be effective on September 7, 2005; PROVIDED, HOWEVER,
that the Plan shall subsequently be approved by majority vote of the Company's
stockholders not later than September 6, 2006.

     11.  AMENDMENT AND TERMINATION.

          The Board may amend, suspend, or terminate the Plan, except that no
amendment shall be made that would impair the rights of any Optionee under any
Option theretofore granted without his consent, and except that no amendments
shall be made which, without the approval of the stockholders of the Company:

          (a)  materially increase the number of shares that may be issued under
the Plan, except as is provided in Section 7;

          (b)  materially increase the benefits accruing to the Optionees under
the Plan;

          (c)  materially modify the requirements as to eligibility for
participation in the Plan;

          (d)  decrease the exercise price of an Option to less than 100% of the
Fair Market Value per share of Stock on the date of grant thereof; or

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          (e)  extend the term of any Option beyond that provided in Section
5(b).

          Subject to the next succeeding sentence, the Committee may amend the
terms of any Option theretofore granted, prospectively or retroactively, but no
such amendment shall impair the rights of any Optionee without his consent. The
Committee shall not have authority to substitute new Options for previously
granted Options, including options granted under other plans applicable to the
participant, or previously granted Options having higher option prices.

     12.  GOVERNMENT REGULATIONS.

          The Plan, and the grant and exercise of Options hereunder, and the
obligation of the Company to sell and deliver Stock under such Options, shall be
subject to all applicable laws, rules and regulations, and to such approvals by
any governmental agencies or national securities exchanges as may be required.

     13.  GENERAL PROVISIONS.

          (a)  CERTIFICATES. All certificates for shares of Stock delivered
under the Plan shall be subject to such stop transfer orders and other
restrictions as the Committee may deem advisable under the rules, regulations
and other requirements of the Securities and Exchange Commission, or other
securities commission having jurisdiction, any applicable Federal or state
securities laws, any stock exchange or automated quotation system upon which the
Stock is then listed and the Committee may cause a legend or legends to be
placed on any such certificates to make appropriate reference to such
restrictions.

          (b)  CONTINUED SERVICE. The adoption of the Plan shall not confer upon
any Optionee who is an employee of the Company or any Subsidiary any right to
continued employment or, in the case of an Optionee who is a director, continued
service as a director, with the Company or a Subsidiary, as the case may be, nor
shall it interfere in any way with the right of the Company or any Subsidiary to
terminate the employment of any of its employees, the service of any of its
directors or the retention of any of its consultants or advisors at any time.

          (c)  LIMITATION OF LIABILITY. No member of the Board or the Committee,
or any officer or employee of the Company acting on behalf of the Board or the
Committee, shall be personally liable for any action, determination, or
interpretation taken or made in good faith with respect to the Plan, and all
members of the Board or the Committee and each and any officer or employee of
the Company acting on their behalf shall, to the extent permitted by law, be
fully indemnified and protected by the Company in respect of any such action,
determination or interpretation.

          (d)  REGISTRATION OF STOCK. Notwithstanding any other provision in the
Plan, no Option may be exercised unless and until the Stock to be issued upon
the exercise thereof has been registered under the Securities Act and applicable
state securities laws, or is, in the opinion of counsel to the Company, exempt
therefrom. The Company shall not be under any obligation to register under
applicable federal or state securities laws any Stock to be issued upon the
exercise of an Option granted hereunder, however, the Company may in its sole
discretion register such Stock at such time as the Company shall determine. If
the Company chooses to comply with an exemption from registration, the Stock
issued under the Plan may, at the

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direction of the Committee, bear an appropriate restrictive legend restricting
the transfer or pledge of the Stock represented thereby, and the Company may
also give appropriate stop transfer instructions to its transfer agent.

          (e)  GOVERNING LAW. The laws of the State of Delaware shall govern all
questions concerning the construction, validity and interpretation of the Plan,
without regard to such State's choice of law rules.

          (f)  INTERNAL REVENUE CODE OF 1986. All references herein to the Code
shall be deemed references to the Code and to all Treasury Regulations
promulgated thereunder.

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                                                                   Exhibit 10.14

                          FORM OF EMPLOYMENT AGREEMENT

     EMPLOYMENT AGREEMENT dated as of ________ by and between AMCOMP
INCORPORATED, a Delaware corporation with its principal office at 701 U.S.
Highway One, North Palm Beach, Florida 33408 (the "Company"), and
__________________________ (the "Employee").

                              W I T N E S S E T H:

     WHEREAS, the Company desires to employ the Employee for the period provided
in this Agreement and the Employee is willing to accept such employment with the
Company on a full-time basis, all in accordance with the terms and conditions
set forth below.

     NOW, THEREFORE, for and in consideration of the premises hereof and the
mutual covenants contained herein, the parties hereto covenant and agree as
follows:

     1.   EMPLOYMENT. (a) The Company hereby employs the Employee, and the
Employee hereby accepts such employment with the Company, for the period set
forth in Section 2 hereof, all upon the terms and conditions hereinafter set
forth.

          (b) The Employee affirms and represents that he is under no obligation
to any former employer or other party that is in any way inconsistent with, or
that imposes any restriction upon, the Employee's acceptance of employment
hereunder with the Company, the employment of the Employee by the Company, or
the Employee's undertakings under this Agreement.

     2.   TERM OF EMPLOYMENT. (a) Unless earlier terminated as provided in this
Agreement, the term of the Employee's employment under this Agreement shall be
for a period beginning on the date hereof and ending on ______________ (the
"Initial Term").

          (b)  The term of the Employee's employment under this Agreement shall
be automatically renewed for additional one-year terms (each a "Renewal Term")
upon the expiration of the Initial Term or any Renewal Term unless the Company
or the Employee delivers to the other, at least 90 days prior to the expiration
of the Initial Term or the then current Renewal Term, as the case may be, a
written notice (a "Non-Renewal Notice") specifying that the term of the
Employee's employment will not be renewed at the end of the Initial Term or such
Renewal Term, as the case may be. The period from __________ until __________
or, in the event that the Employee's employment hereunder is earlier terminated
as provided herein or renewed as provided in this Section 2(b), such shorter or
longer period, as the case may be, is hereinafter called the "Employment Term."

     3.   DUTIES. The Employee shall be employed as __________ of ____________,
shall faithfully and competently perform such duties as are inherent in such
position and shall also perform and discharge such other executive employment
duties as the Board of Directors of the Company shall from time to time
reasonably determine. The Employee shall perform his duties principally at
________________, with such travel to such other locations from time to time as
the Board of Directors of the Company may reasonably prescribe. Except as may
otherwise be approved in advance by the Board of Directors of the Company, and
except during vacation

<Page>

periods and reasonable periods of absence due to sickness, personal injury or
other disability or non-profit public service activities, the Employee shall
devote his full time throughout the Employment Term to the services required of
him hereunder. The Employee shall render his business services exclusively to
the Company and its present and future subsidiaries (collectively, the "AmCOMP
Companies") during the Employment Term and shall use his best efforts, judgment
and energy to improve and advance the business and interests of the AmCOMP
Companies in a manner consistent with the duties of his position.

     4.   COMPENSATION. As compensation for the complete and satisfactory
performance by the Employee of the services to be performed by him hereunder
during the Employment Term,

          (a)  the Company shall pay the Employee a base salary at the annual
rate of $_________ (such amount, together with any increases thereto as may be
determined from time to time by the Board of Directors of the Company in its
sole discretion, being hereinafter referred to as "Salary"). Any Salary payable
hereunder shall be paid in regular intervals in accordance with the Company's
payroll practices from time to time in effect.

          (b)  the Company shall pay to the Employee such incentive compensation
and bonuses, if any, (i) as the Board of Directors in its absolute discretion
may determine to award the Employee, and (ii) to which the Employee may become
entitled pursuant to the terms of any incentive compensation on bonus program,
plan or agreement from time to time in effect and applicable to the Employee.

     5.   OTHER BENEFITS. During the Employment Term, the Employee shall:

          (a)  be eligible to participate in employee fringe benefits and
pension and/or profit sharing plans that may be provided by the Company for its
executive employees in accordance with the provisions of any such plans, as the
same may be in effect from time to time;

          (b)  be eligible to participate in any medical and health plans or
other employee welfare benefit plans that may be provided by the Company for its
executive employees in accordance with the provisions of any such plans, as the
same may be in effect from time to time;

          (c)  be entitled to _____ weeks' paid time off in respect of each
12-month period during the term of his employment hereunder. The Employee shall
also be entitled to all paid holidays given by the Company to its executive
employees;

          (d)  be eligible for consideration by the Board of Directors of the
Company for awards of stock options under any stock option plan that may be
established by the Company for key employees of the AmCOMP Companies, the amount
of shares, if any, with respect to which options may be granted to Employee to
be in the sole discretion of the Board of Directors of the Company or the Stock
Option and Compensation Committee thereof;

                                        2
<Page>

          (e)  be entitled to sick leave, sick pay and disability benefits in
accordance with any Company policy that may be applicable to executive employees
from time to time; and

          (f)  be entitled to reimbursement for all reasonable and necessary
out-of-pocket business expenses incurred by the Employee in the performance of
his duties hereunder in accordance with the Employee's existing arrangements
with the Company.

     6.   CONFIDENTIAL INFORMATION. The Employee hereby covenants, agrees and
acknowledges as follows:

          (a)  The Employee has and will have access to and will participate in
the development of or be acquainted with confidential or proprietary information
and trade secrets related to the business of the AmCOMP Companies, including but
not limited to (i) customer lists; claims histories, adjustments and settlements
and related records and compilations of information; the identity, lists or
descriptions of any new customers, referral sources or organizations; financial
statements; cost reports or other financial information; contract proposals or
bidding information; business plans; training and operations methods and
manuals; personnel records; software programs; reports and correspondence;
premium structures; and management systems policies or procedures, including
related forms and manuals; (ii) information pertaining to future developments
such as future marketing or acquisition plans or ideas, and potential new
business locations and (iii) all other tangible and intangible property that are
used in the business and operations of the AmCOMP Companies but not made public.
The information and trade secrets relating to the business of the AmCOMP
Companies described hereinabove in this paragraph (a), whether acquired while
Employee was employed on an "at will" basis or pursuant to this Agreement, are
hereinafter referred to collectively as the "Confidential Information," provided
that the term Confidential Information shall not include any information (x)
that is or becomes generally publicly available (other than as a result of
violation of this Agreement by the Employee or the violation of an agreement of
like tenor by any other person or entity) or (y) that the Employee receives on a
nonconfidential basis from a source (other than the AmCOMP Companies or their
representatives) that is not known by him to be bound by an obligation of
secrecy or confidentiality to any of the AmCOMP Companies.

          (b)  The Employee shall not disclose, use or make known for his or
another's benefit any Confidential Information or use such Confidential
Information in any way, except as is in the best interests of the AmCOMP
Companies in the performance of the Employee's duties under this Agreement. The
Employee may disclose Confidential Information when required by a third party
and applicable law or judicial process, but only after providing (i) immediate
notice to the Company at any third party's request for such information, which
notice shall include the Employee's intent with respect to such request, and
(ii) sufficient opportunity for the Company to challenge or limit the scope of
the disclosure on behalf of the AmCOMP Companies, the Employee or both.

          (c)  Upon termination of his employment with the Company for any
reason, the Employee shall forthwith return to the Company all Confidential
Information in whatever form maintained (including, without limitation, computer
discs and other electronic media).

                                        3
<Page>

          (d)  Without limiting the generality of Section 11 hereof, the
foregoing provisions of this Section 6 shall survive the expiration or
termination of this Agreement and shall be binding upon the Employee's heirs,
successors and legal representatives.

     7.   TERMINATION.

          (a)  The Employee's employment hereunder shall be terminated upon the
occurrence of any of the following:

               (i)     the death of the Employee;

               (ii)    the Employee's inability to perform his duties on account
of disability or incapacity for a period of 180 or more days, whether or not
consecutive, within any period of 12 consecutive months;

               (iii)   the Company giving written notice, at any time, to the
Employee that the Employee's employment is being terminated for "cause" (as
defined below); or

               (iv)    the Company giving written notice, at any time, to the
Employee that the Employee's employment is being terminated other than pursuant
to clause (i), (ii) or (iii) above.

     The following actions, failures and events by or affecting the Employee
shall constitute "cause" for termination within the meaning of clause (iii)
above: (A) an indictment for or conviction of the Employee of, or the entering
of a plea of NOLO CONTENDERE by the Employee with respect to, having committed a
felony, (B) use of controlled substances or alcohol in the workplace or outside
of the workplace in such a manner as impairs or prevents the performance of the
Employee's duties hereunder or endangers the Employee or any other employee of
the Company, (C) acts of dishonesty or moral turpitude by the Employee that are
detrimental to one or more of the AmCOMP Companies, (D) acts or omissions by the
Employee that the Employee knew were likely to damage the business of one or
more of the AmCOMP Companies, (E) willful and repeated failure of the Employee
to perform any material duties hereunder or gross negligence of the Employee in
the performance of such duties, or (F) failure by the Employee to obey the
reasonable and lawful orders and policies of the Board of Directors that are
consistent with the provisions of this Agreement (provided that, in the case of
an indictment described in clause (A) above, and in the case of clause (B), (C),
(D) or (E) above, the Employee shall have received written notice of such
proposed termination and a reasonable opportunity to discuss the matter with the
Board of Directors of the Company, followed by written notice that the Board of
Directors of the Company adheres to its position.

          (b)  Notwithstanding anything to the contrary expressed or implied
herein, except as required by applicable law, the AmCOMP Companies (and their
affiliates) shall not be obligated to make any payments to the Employee or on
his behalf of whatever kind or nature by reason of the termination of the
Employment Term (i) by the Employee (except in the case of the breach of this
Agreement by the Company) or (ii) pursuant to clause (i), (ii) or (iii) of
Section 7(a) above, other than (x) such amounts, if any, of his Salary and
additional compensation paid pursuant to Section 4(b) as shall have accrued and
remain unpaid as of the date of said

                                        4
<Page>

termination and (y) such other amounts, if any, that may be then otherwise
payable to the Employee pursuant to the terms of the Company's benefits plans or
pursuant to Section 5(f) above.

          (c)  If (i) the Company terminates the Employee's employment hereunder
pursuant to clause (iv) of Section 7(a), whether during the Employment Term or
during any continuation of employment pursuant to Section 2(b) above, or (ii)
the Company determines not to renew the employment of the Employee at the end of
the Initial Term or any Renewal Term as contemplated by Section 2(b) above, the
Company shall pay to the Employee in 12 equal monthly installments commencing in
the month after the month in which employment terminates, as severance pay, an
amount equal to the sum of (x) the Employee's annual Salary in effect
immediately prior to such termination, and (y) the amount of incentive
compensation, bonuses and additional compensation paid pursuant to Section 4(b)
paid to the Employee in respect of the most recent full fiscal year of the
Company preceding such termination, provided that in no event shall the amount
paid pursuant to this clause (y) exceed 30% of the amount paid pursuant to
clause (x) above.

          (d)  No interest shall accrue on or be paid with respect to any
portion of any payments hereunder.

          (e)  The Company acknowledges that it would be very difficult and
generally impracticable to determine the Employee's ability to, or the extent to
which he may, mitigate any damages or injuries that he may incur by reason of
termination of employment under the circumstances described in Section 7(c). The
Company has taken this into account in entering into this Agreement and,
accordingly, the Company acknowledges and agrees that the Employee shall have no
duty to mitigate any such damages and that he shall be entitled to receive the
amount provided in Section 7(c) regardless of any income that he may receive
from other sources following the date he becomes entitled to receive such
amount.

     8.   ASSIGNABILITY.

          (a)  Neither this Agreement nor any right or interest hereunder shall
be assignable by the Employee or his beneficiaries or legal representatives
without the Company's prior written consent; PROVIDED, HOWEVER, that nothing in
this Section 8(a) shall preclude the Employee from designating a beneficiary to
receive any benefit payable hereunder upon his death or incapacity.

          (b)  Except as required by law, no right to receive payments under
this Agreement shall be subject to anticipation, commutation, alienation, sale,
assignment, encumbrance, charge, pledge, or hypothecation or to exclusion,
attachment, levy or similar process or to assignment by operation of law, and
any attempt, voluntary or involuntary, to effect any such action shall be null,
void and of no effect.

     9.   RESTRICTIVE COVENANTS.

          (a)  During the Employment Term and, in the event that the Employee's
employment is terminated for any reason (including the non-renewal of this
Agreement in

                                        5
<Page>

accordance with Section 2(b) above), during the 12-month period following such
termination, the Employee will not directly or indirectly (as a director,
officer, executive employee, manager, consultant, independent contractor,
advisor or otherwise) engage in competition with, or own any interest in,
perform any services for, participate in or be connected with any business or
organization that engages in competition with any of the AmCOMP Companies within
the meaning of Section 9(d), PROVIDED, HOWEVER, that the provisions of this
Section 9(a) shall not be deemed to prohibit the Employee's ownership of not
more than 2% of the total shares of all classes of stock outstanding of any
publicly held company.

          (b)  In the event that the Employee's employment is terminated for any
reason (including the non-renewal of this Agreement in accordance with Section
2(b) above), during the 12-month period following such termination, the Employee
will not directly or indirectly hire, solicit, retain, compensate or otherwise
induce or attempt to induce any employee of any of the AmCOMP Companies during
the six months prior to the Employee's termination, to leave the employ of the
AmCOMP Companies or in any way interfere with the relationship between any of
the AmCOMP Companies and any employee thereof.

          (c)  During the Employment Term and, in the event that the Employee's
employment is terminated for any reason (including the non-renewal of this
Agreement in accordance with Section 2(b) above), during the 12-month period
following such termination, the Employee will not directly or indirectly hire,
engage, send any work to, place orders with, or in any manner be associated with
any supplier, contractor, subcontractor or other business relation of any of the
AmCOMP Companies if such action by him would have a material adverse effect on
the business, assets or financial condition of any of the AmCOMP Companies, or
materially interfere with the relationship between any such person or entity and
any of the AmCOMP Companies.

          (d)  (i) For purposes of this Section 9, a person or entity
(including, without limitation, the Employee) shall be deemed to be a competitor
of one or more of the AmCOMP Companies, or a person or entity (including,
without limitation, the Employee) shall be deemed to be engaging in competition
with one or more of the AmCOMP Companies, if such person or entity (A) is a
stock or mutual insurance company or an insurance fund engaged in writing
workers' compensation insurance or any other form of insurance that is provided
or proposed to be provided by any of the AmCOMP Companies at the time of
termination of the Employee's employment with the Company (any such form of
insurance being hereinafter referred to as the "Specified Insurance"), (B) is an
agency or broker for a stock or mutual insurance company or an insurance fund
engaged in writing any Specified Insurance, or (C) in any way conducts,
operates, carries out or engages in the business of managing any entity
described in clause (A) or (B), in any of the foregoing cases in the State of
Florida or any other state of the United States of America in which any of the
AmCOMP Companies conduct, or are actively investigating the possibility of
conducting, their businesses at the time of termination of the Employee's
employment with the Company. The provisions of this Section 9 shall cease to be
applicable to any state in which the AmCOMP Companies are actively investigating
the possibility of conducting their businesses at the time of termination of
Employee's employment with the Company, unless within three months after such
termination, the AmCOMP Companies, or any of them, have commenced soliciting
prospective policyholders in such state, and have effectuated any one of the
following: (x) the opening of an office in such state; (y) the hiring of

                                        6
<Page>

one or more employees to be employed in such state; or (z) the engagement of one
or more agents in such state.

               (ii)    For purposes of this Section 9, no corporation or entity
that may be deemed to be an affiliate of the AmCOMP Companies solely by reason
of its being controlled by, or under common control with, Sam A. Stephens,
Welsh, Carson, Anderson & Stowe VII, L.P. or Sprout Growth II, L.P. or any of
their respective affiliates other than the AmCOMP Companies, will be deemed to
be an affiliate of the AmCOMP Companies.

          (e)  In connection with the foregoing provisions of this Section 9,
the Employee represents that his experience, capabilities and circumstances are
such that such provisions will not prevent him from earning a livelihood. The
Employee further agrees that the limitations set forth in this Section 9
(including, without limitation, time and territorial limitations) are reasonable
and properly required for the adequate protection of the current and future
businesses of the AmCOMP Companies. It is understood that the covenants made by
the Employee in this Section 9 (and in Section 6 hereof) shall survive the
expiration or termination of this Agreement.

     10.  LEGITIMATE BUSINESS INTERESTS OF THE AMCOMP COMPANIES.

          (a)  The parties hereto acknowledge and agree that the matters set
forth above in Sections 6 and 9 constitute the "legitimate business interests"
of the AmCOMP Companies within the meaning of Florida Statutes 542.335 and are
hereby conclusively agreed to be legally sufficient to support such covenants.
Such "legitimate business interests" include but are not necessarily limited to
trade secrets; valuable confidential business or professional information that
does not legally qualify as trade secrets; substantial relationships with
specific prospective or existing customers or clients; customer or client good
will associated with an ongoing business in a specific geographic location and a
specific marketing area; and extraordinary or specialized training. It is
further acknowledged and agreed that all such restrictive covenants set forth
above are reasonably necessary to protect the legitimate business interests of
the AmCOMP Companies and are not overbroad or unreasonable. It is acknowledged
and agreed that the Company is specifically relying upon the foregoing
statements in entering into this Agreement.

          (b)  The Employee acknowledges that a remedy at law for any breach or
threatened breach of the provisions of Sections 6 and 9 would be inadequate,
that the AmCOMP Companies would be irreparably injured by such breach and that,
therefore, the AmCOMP Companies shall be entitled to injunctive relief in
addition to any other available rights and remedies in case of any such breach
or threatened breach

     11.  BINDING EFFECT. Without limiting or diminishing the effect of
Section 8 hereof, this Agreement shall inure to the benefit of and be binding
upon the parties hereto and their respective heirs, successors, legal
representatives and assigns.

     12.  NOTICES. All notices that are required or may be given pursuant to the
terms of this Agreement shall be in writing and shall be sufficient in all
respects if given in writing and (i) delivered personally, (ii) mailed by
certified or registered mail, return receipt requested and postage prepaid, or
(iii) sent via a nationally recognized overnight courier, to the parties at
their

                                        7
<Page>

respective addresses set forth above, or to such other address or addresses as
either party shall have designated in writing to the other party hereto. The
date of the giving of such notices delivered personally or by carrier shall be
the date of their delivery and the date of giving of such notices by certified
or registered mail shall be the date five days after the posting of the mail.

     13.  LAW GOVERNING. This Agreement shall be governed by and construed in
accordance with the laws of the State of Florida, except that body of law
relating to choice of laws.

     14.  SEVERABILITY. In the event that any court of competent jurisdiction
shall finally hold that any provision of Section 6 or 9 hereof is void or
constitutes an unreasonable restriction against the Employee, Section 6 or 9, as
the case may be, shall not be rendered void, but shall apply with respect to
such extent as such court may judicially determine constitutes a reasonable
restriction under the circumstances, and, in such connection, the parties hereto
authorize any such court to modify or sever any such provision, including
without limitation, any such provision relating to duration and geographical
area, to the extent deemed necessary or appropriate by such court. If any part
of this Agreement other than Section 6 or 9 is held by a court of competent
jurisdiction to be invalid, illegal or incapable of being enforced in whole or
in part by reason of any rule of law or public policy, such part shall be deemed
to be severed from the remainder of this Agreement for the purpose only of the
particular legal proceedings in question and all other covenants and provisions
of this Agreement shall in every other respect continue in full force and effect
and no covenant or provision shall be deemed dependent upon any other covenant
or provision.

     15.  WAIVER. Failure to insist upon strict compliance with any of the
terms, covenants or conditions hereof shall not be deemed a waiver of such term,
covenant or condition, nor shall any waiver or relinquishment of any right or
power hereunder at any one or more times be deemed a waiver or relinquishment of
such right or power at any other time or times.

     16.  ENTIRE AGREEMENT; MODIFICATIONS. This Agreement constitutes the entire
agreement of the parties with respect to the subject matter hereof and supersede
all prior agreements, oral and written, between the parties hereto with respect
to the subject matter hereof. This Agreement may be modified or amended only by
an instrument in writing signed by both parties hereto.

     17.  SURVIVAL OF PROVISIONS. Neither the termination of this Agreement, nor
of Executive's employment hereunder, shall terminate or affect in any manner any
provision of this Agreement that is intended by its terms to survive such
termination, including without limitation, the provisions of Sections 4 to 7
inclusive and Sections 9 and 11 hereof.

     18.  COUNTERPARTS. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

     IN WITNESS WHEREOF, the Company and the Employee have duly executed and
delivered this Agreement as of the day and year first above written.

                                        8
<Page>

                                               AMCOMP INCORPORATED

                                               By:
                                                    ----------------------------
                                                    Fred R. Lowe, President

                                               --------------------------------
                                               [EMPLOYEE]

                                        9

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