Rhode Island Interlocal Risk Management Trust

What Rhode Island Interlocal Risk Management Trust does

The Rhode Island Interlocal Risk Management Trust (RI Trust) is a member-owned, non-profit intergovernmental insurance risk-sharing pool legislatively created in 1986 under Rhode Island State General Laws §45-5-20.1. It serves exclusively Rhode Island public-sector entities — 36 municipalities, 34 school districts, and 64 special purpose districts — providing Property/Liability coverage, Workers' Compensation (including a unique Injured-On-Duty Program), and an Employee Benefits stack (Health Pool via Blue Cross Blue Shield of RI, Dental Pool via Delta Dental, Group Life via Securian, and OPEB via PARS). Underlying technology consists of the Origami Risk member-portal platform, an RMIS, an HSB IoT building sensor program, and the GatherGuard self-service online channel for third-party special-event insurance.

The business model is an annual membership subscription/contribution model: members pay recurring contributions into a collective risk pool, share financial risk, and participate in governance through a Board of Trustees composed of member representatives. Revenue mechanics combine subscription-style member contributions (Property/Liability, Workers' Comp, Health, Dental, Group Life, OPEB) with a small transactional stream from GatherGuard. Go-to-market is direct, relationship-driven sales to Rhode Island public entities, supported by Board-level referrals, member networking, training events, and content marketing including The Trust Factor Podcast. The Trust extends beyond standard insurance through proprietary risk-management services — MSATS Firearms Training Simulator, Mobile Driving Simulator, HSB Boiler Inspection, aquatic safety assessments, HR Employment Actions Hotline, and grant/scholarship programs — which function as embedded loss-prevention capabilities unavailable from commercial carriers.

The organization is governed by a member-elected Board of Trustees and operates from a single East Providence headquarters. With a staff of approximately 11-50 employees across claims, underwriting, member services, finance, loss prevention, and benefits, RI Trust functions as a captive, state-bounded insurance and risk-management utility for its public-sector members.

Name

Rhode Island Interlocal Risk Management Trust

Legal name

Rhode Island Interlocal Risk Management Trust

Website

https://ritrust.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

11–50 employees

Short description

The Rhode Island Interlocal Risk Management Trust is a member-owned, legislatively created non-profit risk-sharing pool founded in 1986 that provides Property/Liability, Workers' Compensation, and employee benefit coverage exclusively to Rhode Island municipalities, school districts, and special purpose districts.

Ownership category

akta.pro rank

Product category

Public Sector Insurance & Risk Management Pool

NAICS

Other Insurance Funds (52519), Insurance Carriers and Related Activities (524), Insurance Carriers (5241)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Nonprofit / Social Services BOP (FSAJAFAM)

akta.pro secondary industries

Public Liability (Premises/Operations) (FSAJADAD), Inland Marine / Personal Articles & Valuable Items Insurance (FSAJACAJ)

Keywords

• Public sector insurance
• Risk management services
• Workers compensation coverage
• Municipal insurance pool
• Employee benefits programs

Headquarters

HQ city

East Providence

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Risk-Sharing Membership Contributions: Members contribute to a collective risk pool and share financial risk. As a member-owned organization, Trust Members have ownership and participate in governance. The model aims to keep insurance premiums affordable by sharing best practices and financial risk collectively.
2. Insurance Coverage Programs: Provides Property, Liability, Workers' Compensation, Group Life, Health and Dental insurance coverage, and OPEB trust services to qualified local governmental entities. Coverage is specially tailored to public sector risks and exposures.
3. Special Event Insurance (GatherGuard): Low-cost general liability insurance for third parties using public facilities owned by Trust Members for special events such as meetings, weddings, festivals, and sporting events. Purchased directly online by third parties.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

The Rhode Island Interlocal Risk Management Trust is a member-owned, non-profit risk-sharing organization that provides insurance coverage and risk management services to Rhode Island public sector entities. Its core offering includes Property/Liability, Workers' Compensation, Health, Dental, Group Life, and OPEB insurance programs, along with a GatherGuard special event insurance platform and value-added loss prevention, training, and wellness services for member municipalities, school districts, and special purpose districts.

Product overview

Rhode Island Interlocal Risk Management Trust operates as a Member-owned, risk-sharing organization offering a comprehensive suite of insurance and risk management products for Rhode Island public sector entities. The core portfolio centers on the Property/Liability Program (covering Property, Auto, Equipment Breakdown, Police Professional, Public Officials & School Board Liability, and Cyber), Workers' Compensation Program, and Injured-On-Duty Program. The Trust also provides employee benefits through the Health Pool (Blue Cross Blue Shield of RI), Dental Pool (Delta Dental), Group Life Program (Securian), and OPEB Program (PARS). Risk management add-on services include the Aquatic & Life Safety Operations, Driving Simulator, MSATS Firearms Training Simulator, HR Employment Actions Hotline, SMI training, OSHA Certificate Program, and the Trust In Safety Program. The GatherGuard platform offers special event insurance, while the Health Matters Wellness Program and The Trust Factor Podcast support member education and wellness. Meeting space facilities and various grant/scholarship programs round out the offering.

Differentiator

Problem solved

Functional benefit

Products and services

• Property/Liability Program Comprehensive Property and Liability coverage specifically designed for Rhode Island public sector exposures, including Property, Auto, Equipment Breakdown, Police Professional, Public Officials & School Board Liability, and specialty coverages like Cyber. For Trust Members including municipalities, school districts, and special purpose districts.
• Workers' Compensation Program Workers' Compensation coverage compliant with Rhode Island State law, including value-added benefits such as targeted Loss Prevention programs, Public Safety Injured-On-Duty Program, expert claims management, and wellness programming enrollment. For Rhode Island public sector employees.
• Injured-On-Duty (IOD) Program Unique-in-Rhode-Island program available for municipal Members with Workers' Compensation coverage that reimburses municipalities for wages paid to injured public safety employees under §45-19-1 once certain claim levels are met. For Rhode Island municipal employers of public safety personnel.
• Health Pool Health plan options provided in partnership with Blue Cross Blue Shield of Rhode Island, featuring savings on prescription drug costs through CVS Caremark and cost control strategies tailored to individual Trust Member needs. For Rhode Island public sector employees of member entities.
• Dental Pool Dental benefits program in partnership with Delta Dental featuring comprehensive network coverage with focus on preventative care, leveraging buying power of participating Member entities. For Rhode Island public sector employees of member entities.
• Group Life Program Group life insurance program in partnership with Securian combining economies of scale in pricing and plan design flexibility with financial stability. Provides group life insurance benefits to employees of Rhode Island public sector member entities.
• Other Post-Employment Benefits (OPEB) Program Public sector OPEB (Other Post-Employment Benefits) liability solution in partnership with Public Agency Retirement Services (PARS), providing a turn-key program that handles upfront legal work with no fees to join. For Rhode Island public sector entities managing retiree benefit obligations.
• GatherGuard Special Event Insurance Special event insurance providing low-cost general liability coverage (TULIP) to third parties using public facilities owned by Trust Members for events such as meetings, weddings, receptions, festivals, and sporting events. Purchased directly online by event hosts.
• Aquatic & Life Safety Operations Program Program in partnership with Life Safety Solutions Co. (LSS) ensuring Members with aquatic facilities (pools and/or beaches) utilize best practices through on-site assessments, training programs, and emergency response protocols. For Trust Members operating aquatic facilities.
• Mobile Driving Simulator Program Mobile driving simulator providing hands-on, scenario-based training to strengthen defensive driving skills and decision-making under stress for Police, Fire, EMS, and Public Works personnel at member facilities. For Trust Members' public safety and public works employees.
• MSATS Firearms Training Simulator Mobile Situational Awareness Training Simulator (MSATS) providing portable, wireless, use-of-force and tactical judgement training with scenario-based simulations adapted to police departmental incident trends. For Trust Members' police personnel.
• Supervisor's Management Institute (SMI) Program in partnership with Roger Williams University designed to help supervisors effectively deal with daily challenges, enhancing supervisor skills and reducing risk exposures for local governmental employers. For Trust Members' supervisory employees.
• Trust In Safety Program Additional support program for Members experiencing high workers' compensation claims activity, featuring monthly Safety Committee meetings with management and employee representatives. For Trust Members with elevated workers' compensation claims.
• OSHA Fundamentals Certificate Program Public Sector Safety & Health Fundamentals Certificate Program (General Industry) in partnership with the OSHA Training Institute at Keene State College designed to help member employees broaden safety expertise and comply with OSHA standards. For Trust Members' safety personnel.
• HSB Boiler Inspection Program Boiler and pressure vessel inspection program in partnership with Hartford Steam Boiler (HSB) providing on-site inspections, inspection reports, and documentation of corrective actions required. For Property/Liability Program members operating boiler and pressure vessel equipment.
• Health Matters Wellness Program Employee wellness program focused on educating and inspiring healthy lifestyle choices from a whole person mind, body and spirit perspective, helping Members create and foster a true culture of wellness. For employees of Trust Member entities.
• Drug & Alcohol Consortium Program focusing on identifying physical demands of job positions to create Functional Job Descriptions helpful during hiring, light duty, and return to full duty processes. For Trust Members managing workers' compensation and return-to-work programs.
• HR Employment Actions Hotline Service providing Members immediate access to attorneys specializing in labor and employment law to guide them through difficult adverse employment related actions. For Trust Members' HR and management personnel.

Quantifiable outcome

• 237 trainings with 3,851 attendees at no cost to members (2024/2025)
• +4 more outcomes

Named customers13 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Ten partnerships are on record, tiered core, secondary and supporting.

• Life Safety Solutions, Co (LSS)coreStrategic or Co-development PartnerPartnership for Aquatic & Life Safety Operations Program. LSS performs on-site assessments each season for members with aquatic facilities (pools and/or beaches) to ensure best practices, preventative measures, and emergency responses are in place.
• Blue Cross Blue Shield of Rhode IslandcoreStrategic or Co-development PartnerPartnership for Health Pool providing comprehensive health plan options tailored to meet individual member needs. Includes significant savings on prescription drug costs through CVS Caremark and cost control strategies.
• Delta DentalcoreStrategic or Co-development PartnerPartnership for Dental Pool featuring excellent treatment and coverage through a comprehensive dental network with focus on preventative care. Leverages buying power of all participating members.
• SecuriancoreStrategic or Co-development PartnerPartnership for Group Life Program combining economies of scale in pricing and plan design flexibility with financial stability. Provides group life insurance benefits to members.
• Public Agency Retirement Services (PARS)coreStrategic or Co-development PartnerPartnership for OPEB (Other Post-Employment Benefits) Program providing public sector entities with trusted, cost-effective solution for OPEB liabilities. Turn-key program handles legal work with no fees to join.
• Hartford Steam Boiler (HSB)coreTechnology or IntegrationPartnership for Boiler Inspection Program. HSB conducts boiler and pressure vessel inspections for Property/Liability Program members, providing inspection reports and documenting corrective actions required.
• Roger Williams UniversitysecondaryStrategic or Co-development PartnerPartnership for Supervisor's Management Institute (SMI) designed to help supervisors effectively deal with daily challenges. Classes focus on enhancing supervisor skills and reducing risk exposures for local governmental employers.
• OSHA Training Institute at Keene State CollegesecondaryStrategic or Co-development PartnerPartnership for OSHA Fundamentals Certificate Program (Public Sector Safety & Health Fundamentals Certificate Program - General Industry) to help member employees broaden safety expertise and comply with OSHA standards.
• CVS CaremarksupportingTechnology or IntegrationPrescription drug cost savings program through the Health Pool partnership with Blue Cross Blue Shield of Rhode Island, helping members manage rising healthcare costs.
• RI League of Cities & TownscoreStrategic or Co-development PartnerEx-officio representation on the Board of Trustees through Executive Director Randy R. Rossi. Partnership supports coordination and advocacy for Rhode Island municipalities.

Scale indicators9 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Connecticut Interlocal Risk Management Agency (CIRMA): CIRMA is a member-owned risk-sharing pool providing property/casualty, workers' comp, and employee benefits to Connecticut municipalities, schools, and public entities. Operates under virtually identical structure (joint insurance pool) to RI Trust and serves the same New England public sector risk-sharing niche.
• Massachusetts Interlocal Insurance Association (MIIA): MIIA is the Massachusetts Municipal Association's insurance arm, providing property/casualty, workers' comp, and health/dental benefits to MA cities, towns, and school districts through a member-owned risk-sharing model—directly comparable to RI Trust's structure and member profile.
• New Hampshire Municipal Association Insurance Trust: NHMA operates an insurance trust providing property/liability and workers' comp coverage to NH municipalities and schools as a member-owned risk-sharing pool. Small-state focus and member-owned structure make it a directly comparable peer to RI Trust.
• Maine Municipal Association Risk Management Services: Provides risk management and insurance pooling services to Maine municipalities and schools through a member-funded self-insurance structure. Small-state public sector pool of comparable scope to RI Trust.
• Vermont League of Cities & Towns (VLCT) Insurance Trust: VLCT operates an insurance trust (PACIF and property/casualty pool) providing coverage and risk management services to Vermont municipalities. Same member-owned, small-state New England public entity risk pool format.
• NY Municipal Insurance Reciprocal (NYMIR): NYMIR is a reciprocal insurance pool providing property/casualty and workers' compensation coverage specifically to NY municipalities and public entities through a member-owned structure—analogous to RI Trust in business model and target customer.
• State National Insurance Pool (NLC Mutual): NLC Mutual provides risk pooling and insurance coverage to municipal governments and public entities across multiple states; comparable to RI Trust in targeting public sector self-insurance pools.

Broad incumbents

• Travelers Public Sector Insurance: Travelers operates one of the largest commercial public sector insurance portfolios in the US, covering municipalities, schools, and law enforcement. While commercial rather than member-owned, it competes directly with RI Trust for RI public entity coverage and serves as the traditional insurance benchmark against which the Trust's cost savings are measured.
• Chubb Government Risk Pool Solutions: Chubb offers property/casualty, surety, and accident/health coverage to government entities and serves public sector insurance pools at scale. Comparable to RI Trust in coverage lines (property, liability, workers' comp) but operates as a global commercial carrier rather than a member pool.

Others

• Public Risk Management Association (PRIMA): PRIMA is the trade association for public sector risk managers, providing education, benchmarking, and resources to entities like RI Trust and the broader public entity self-insurance market. Adjacent/ecosystem participant rather than a competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ritrust

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rhode Island Interlocal Risk Management Trust