Public Risk Management of Florida

What Public Risk Management of Florida does

Public Risk Management of Florida (PRM) is a member-owned, not-for-profit self-insurance pool that provides Property & Casualty and Group Health insurance coverage exclusively to Florida governmental entities, including counties, cities, towns, airports, and special districts. Founded in 1987 as the Southwest Florida Intergovernmental Risk Management Association with eight charter members, the organization expanded statewide and rebranded under its current name in 1994. PRM was established under Florida Statute 112.08 and Florida Statutes Sections 768.28(6)(A), 624.4621, and 163.01, conferring specific statutory authority for intergovernmental risk pooling.

The company operates two core programs: a Property & Casualty pool offering workers' compensation, general liability, property, employment practices, auto, cyber liability, and excess liability coverage; and a Group Health Trust providing medical plans through Florida Blue, dental coverage through Florida Combined Life, vision through NVA and VSP, life and disability through The Standard, telemedicine via Teladoc, and EAP services through Aetna Resources For Living. Underlying technology and service infrastructure are entirely third-party: Johns Eastern administers claims, World Risk Management (WRM) acts as broker and consultant, LocalGovU and Streamery deliver online training, and Safety Source provides safety resources. PRM layers on member services including dedicated risk management advisors, claims analysts, benefits specialists, loss prevention consultants, Pre-Defense Review hotlines for law enforcement and employment matters, member forums, an annual educational conference, and a National Benchmark Survey.

The business model is a recurring subscription model in the form of annual membership contributions from participating governmental entities, with quote-based, customized pricing rather than publicly disclosed rates. Members exercise governance rights through Executive and General Boards and gain access to the full product and service stack. The go-to-market is relationship-led and consultative, targeting Florida governmental entities through direct outreach. PRM does not operate outside Florida and has no parent company, subsidiaries, or external equity ownership; it is governed cooperatively by its members.

Name

Public Risk Management of Florida

Legal name

Public Risk Management of Florida

Website

https://prm-fl.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

1–10 employees

Short description

Public Risk Management of Florida is a member-owned, not-for-profit self-insurance pool providing Property & Casualty and Group Health insurance exclusively to Florida governmental entities — counties, cities, towns, airports, and special districts — operating under Florida statutory authority since 1987.

Ownership category

akta.pro rank

Product category

Public Entity Insurance Pool

NAICS

Insurance and Employee Benefit Funds (5251), Health and Welfare Funds (52512), Other Insurance Funds (525190)

SIC

Fire, Marine & Casualty Insurance (6331), Accident & Health Insurance (6321), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Public Liability (Premises/Operations) (FSAJADAD)

akta.pro secondary industry

General Liability Reinsurance (FSAOABAD)

Keywords

• Public entity insurance
• Self-insurance pool
• Government risk management
• Workers compensation coverage
• Group health trust

Headquarters

HQ city

North Fort Myers

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Self-Insurance Pool Membership Contributions: PRM operates as a member-owned, not-for-profit self-insured pool. Florida governmental entities pay membership contributions to participate in the pool for Property & Casualty and Health Insurance coverage. The pooling structure provides economies of scale, collaboration, and financial stability.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Public Risk Management of Florida (PRM) is a member-owned, not-for-profit self-insurance pool that provides Property & Casualty coverage and Group Health Trust benefits to Florida governmental entities, including counties, cities, towns, airports, and special districts. Members pay annual contributions to participate in the pool, receiving coverage for workers' compensation, liability, property, auto, cyber, employment practices, excess liability, health, dental, vision, life, and disability, supported by claims administration, loss prevention, training, and risk management services.

Product overview

Public Risk Management of Florida (PRM) is a member-owned, self-insured not-for-profit organization providing risk management and insurance services exclusively for Florida governmental entities. The company operates two core programs: Property & Casualty Insurance covering general liability, property, workers' compensation, employment practices, auto, cyber liability, and excess liability; and the Group Health Trust offering health plans through Florida Blue, dental, vision, life insurance, disability coverage, and employee assistance programs. These are supported by member services including claims advocacy through third-party administrator Johns Eastern, loss prevention and loss control consulting, law enforcement and employment practices hotlines, online training resources via LocalGovU and Streamery, wellness programs, annual conferences, and National Benchmark Survey access. The organization serves as a purchasing cooperative formed under FL statute 112.08, providing economies of scale and stability for Florida counties, cities, towns, airports, and special districts.

Differentiator

Problem solved

Functional benefit

Brands

• Property & Casualty: Risk management and self-insurance pool coverage for governmental agencies including general liability, property, workers' compensation, employment practices, auto, cyber liability, and excess liability.
• Group Health Trust

Products and services

• Property & Casualty Insurance Risk management and self-insurance coverage for Florida governmental entities, including general liability, property, workers' compensation, employment practices, auto, cyber liability, and excess liability coverage. Members access coverage through PRM's pooled structure with reinsurance support from Lloyd's of London and broker services from World Risk Management.
• Group Health Trust Health insurance purchasing cooperative for Florida governmental agencies offering 11 competitively priced health plans through Florida Blue, dental plans through Florida Combined Life, vision plans through NVA and VSP, life insurance through The Standard, short and long-term disability, EAP services via Aetna Resources For Living, telemedicine via Teladoc, and wellness resources.
• Loss Prevention and Loss Control Services Risk/Safety Review and customized training services for PRM members, including record keeping, accident investigation, safety policy and infrastructure assessments, online training platforms (LocalGovU, Streamery), workshops, seminars, and on-site training delivered by Loss Prevention Consultants.
• Law Enforcement Hotline (Pre-Defense Review) Free 24/7 immediate legal advice for law enforcement agencies following critical incidents, provided as part of PRM's Property & Casualty member services.
• Employment Practices Hotline (Pre-Defense Review) Free immediate legal advice for employment-related practices and HR matters, provided as part of PRM's Property & Casualty member services.
• Claims Advocacy Dedicated team of claims professionals, nurse case managers, and loss control representatives handling PRM claims through third-party administrator Johns Eastern to ensure favorable outcomes and cost savings for members.
• Wellness Programs Wellness initiatives for Group Health Trust members including wellness dollars, wellness consulting, monthly Life. Well. newsletter, webinars, and educational information resources.
• National Benchmark Survey Benchmarking survey providing relevant data for Florida public sector employers, available exclusively to PRM Health Trust members to support benefit plan decisions.
• Annual Educational Conference Annual educational workshop and conference for all PRM members featuring training and networking opportunities (e.g., 2026 PRM Conference June 10-12 at Sunseeker Resort).
• Claims Review Individual annual claims review service for Group Health Trust members to assess ways to mitigate rising healthcare costs.

Named customers11 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

13 partnerships are on record, tiered core and supporting.

• Florida BluecoreTechnology or IntegrationPRM offers 11 competitively priced Health Plans through Florida Blue that are unique and exclusive to PRM members. Florida Blue serves as the primary health insurance provider for PRM's Group Health Trust.
• TeladoccoreTechnology or IntegrationIn conjunction with Florida Blue, PRM offers telemedicine via Teladoc's mobile app providing 10-minute or less access to doctors without appointments.
• Aetna Resources For LivingcoreTechnology or IntegrationHealth plans include an EAP Program through Aetna's Resources For Living, providing free confidential employee assistance 24/7 to covered members.
• Florida Combined LifecoreTechnology or IntegrationPRM offers 2 affordably priced self-insured dental plans through Florida Combined Life with an extensive network across Florida.
• The Standard Insurance CompanycoreTechnology or IntegrationPRM offers life insurance at affordable group rates through The Standard Insurance Company for employee and family security.
• NVA (National Vision Administrators)supportingChannel Partner/ Reseller/ DistributorOne of two vision plan carriers offering lowest out-of-pocket costs in vision care for PRM members including savings on frames, lenses, contacts, and eye exams.
• VSP (Vision Service Plan)supportingChannel Partner/ Reseller/ DistributorSecond vision plan carrier option for PRM members providing vision coverage and savings.
• Health EquitysupportingTechnology or IntegrationReferenced in member services as a wellness partner providing health equity resources for GHT members.
• Johns EasterncoreImplementation/ SI/ Consulting PartnerThird-party administration partner handling PRM claims. PRM has a dedicated team including claims professionals, nurse case managers, and loss control representatives working with Johns Eastern to ensure favorable outcomes and cost savings.
• World Risk Management (WRM)coreImplementation/ SI/ Consulting PartnerActs as insurance consultant and broker for the Property & Casualty pool, providing PRM membership with expertise and guidance in finding creative solutions to risk management needs. Members access WRM through PRM/WRM Access portal.
• LocalGovUsupportingTechnology or IntegrationOnline training platform partner providing courses for PRM members including workplace safety, ethics, communication skills, and supervisory training.
• StreamerysupportingTechnology or IntegrationOnline training platform providing learning resources for PRM members accessible through member services.
• Safety Source (Midwest Employers Casualty)supportingTechnology or IntegrationSafety resource partner referenced in member services for loss prevention and safety information.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Preferred Government Insurance Trust (PGIT): Florida-based public entity self-insurance pool offering property, casualty, and workers' compensation coverage to governmental entities. Directly comparable cooperative model operating in PRM's home market with similar regulatory grounding under FL statutes.
• Florida League of Cities: Florida municipal association operating insurance programs for member cities, providing pooled risk management and coverage. Comparable member-driven insurance model targeting the same Florida governmental entity segment as PRM.
• Texas Municipal League Intergovernmental Risk Pool (TML IRP): Member-owned Texas governmental risk pool providing property, casualty, and workers' compensation coverage. Operates the same cooperative self-insurance model as PRM, structured under state interlocal agreement statutes, serving as a strong out-of-state analog.
• Michigan Municipal Risk Management Authority (MMRMA): Michigan municipal self-insurance pool providing liability, property, and workers' compensation coverage to member entities. Closely matches PRM's structure as a governmental risk pooling authority with member voting rights and similar service offerings.

Regional players

• Florida Sheriffs Risk Management Fund: Florida-specific insurance pool serving sheriffs' offices and law enforcement agencies with liability and risk management coverage. Operates in the same regulatory framework and serves an overlapping member segment as PRM.
• Public Agency Risk Sharing Authority (PARSAC): California-based public entity risk pool providing property, liability, and workers' compensation coverage to member agencies. Comparable cooperative structure and service stack, though operating under different state regulatory framework.
• Schools Insurance Consortium (Florida): Florida school district insurance consortium providing property, casualty, and workers' compensation coverage. Operates in the same Florida regulatory environment and serves adjacent governmental segments (education) as PRM.

Broad incumbents

• Citizens Property Insurance Corporation: Florida state-created insurer of last resort providing property coverage. Larger, state-mandated insurer with significant Florida property concentration; comparable as a Florida government-backed insurance entity, though focused on residential property.
• Florida Blue: PRM's primary health insurance partner providing 11 exclusive health plans to GHT members. As Florida's largest health insurer, Florida Blue is a broad incumbent partner rather than direct competitor, but operates in the same Florida health insurance market.

Others

• AGRiP (Aggregated Risk Pool): Industry association representing public entity risk pools across the U.S. Comparable ecosystem participant and peer benchmarking organization for entities like PRM, providing governance, education, and best-practice resources to governmental risk pools.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 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 Public Risk Management of Florida