Florida Sheriffs Risk Management Fund
Florida Sheriffs Risk Management Fund is a member-owned, Florida-statute-chartered self-insurance pool that provides liability, automobile, and workers' compensation coverage, plus risk management and technology services, to 59 of Florida's 67 county Sheriffs' offices and to other Florida Constitutional Offices.
- Company typePrivate
- Founded1978
- HeadquartersTallahassee, United States
- Headcount—
- GTM typeB2B
- OfferingServices
What Florida Sheriffs Risk Management Fund does
Florida Sheriffs Risk Management Fund (FSRMF) is a Tallahassee-headquartered, member-owned self-insurance pool that provides customized liability, automobile, and workers' compensation coverage to Florida Sheriffs' offices and — since 2016 — to other Florida Constitutional Offices such as Tax Collectors, Property Appraisers, Supervisors of Elections, and Clerks of the Circuit Court. The fund was created by Florida statute in 1978 when 52 Florida Sheriffs pooled their professional liability coverages, and it now insures 59 of the state's 67 county Sheriffs' offices. Revenue is generated through member contributions (functionally equivalent to premiums) rather than commercial premiums, with the fund operating as a reciprocal in which members are simultaneously the owners, governors (via an elected Board of Managers), and beneficiaries of the insurance programs.
The product platform is organized around three core self-insurance programs — the Florida Sheriffs Self Insurance Program (FSSIP) for liability, the Sheriffs' Automobile Risk Program (SHARP) for auto, and the Florida Sheriffs Workers' Compensation Self-Insurance Fund (FSWCSIF) for workers' comp — supported by two wholly-owned affiliates: the Florida Sheriffs Insurance Agency (FSIA), which places commercial coverages (aviation, bonds, inmate medical, equipment, general liability) outside the self-insurance programs, and the Florida Sheriffs Employee Benefits Trust (FSEBT), which was brought in-house in 2020 to provide employee benefits. The technology layer combines the Origami Risk member and claims portal, ShareFile for document repositories, PowerDMS for policy management, and the LEFTA FACTS use-of-force documentation software — all provided to members at no charge as part of the risk management stack.
Distribution is direct via a Member Services team and is reinforced by a Strategic Partnership with the Florida Sheriffs Association, which provides recurring access to Sheriffs through training seminars, the Winter Conference, and a Final Drawing. The fund's go-to-market is therefore essentially captive: it does not sell into a competitive market but rather consolidates coverage and risk services for a defined Florida government constituency. The broader risk management service offering includes the Safe Driver Challenge (which contributed to a 6.8% reduction in at-fault claims between the 2022–2023 and 2023–2024 reporting periods), onsite field visits conducted at least twice yearly, a Survey Assessment Tool, and a Grants Services Program that helps members secure and manage external funding.
Florida Sheriffs Risk Management Fund firmographics
Firmographics- Name
- Florida Sheriffs Risk Management Fund
- Legal name
- Florida Sheriffs Risk Management Fund
- Website
- https://fsrmf.org
- Company type
- Private
- Founded year
- 1978
- Operating status
- Operating
- Short description
- Florida Sheriffs Risk Management Fund is a member-owned, Florida-statute-chartered self-insurance pool that provides liability, automobile, and workers' compensation coverage, plus risk management and technology services, to 59 of Florida's 67 county Sheriffs' offices and to other Florida Constitutional Offices.
- Ownership category
- akta.pro rank
Florida Sheriffs Risk Management Fund industry classification
Industry- Product category
- Public Sector Self-Insurance / Law Enforcement Risk Management
- NAICS
- Other Insurance Funds (525190), Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Insurance Agencies and Brokerages (524210), Insurance and Employee Benefit Funds (5251)
- SIC
- Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Self-Insured Workers’ Compensation Programs (FSAJAEAD)
Keywords
Where Florida Sheriffs Risk Management Fund is headquartered
LocationHeadquarters
- HQ city
- Tallahassee
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Florida Sheriffs Risk Management Fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Member Contributions (Self-Insurance): FSRMF operates as a self-insurance fund where member Sheriffs and Constitutional Offices pay contributions (not premiums) to pool resources for covering liability, automobile, and workers' compensation claims. The Fund is owned, managed and governed by Florida Sheriffs.
- Florida Sheriffs Insurance Agency (FSIA) - Commercial Insurance Placement: FSIA assists members in purchasing commercial insurance coverage not available through FSRMF self-insurance programs, including aviation, statutory death benefits, inmate medical claim reimbursement, equipment, bonds and general liability.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels7 records
Florida Sheriffs Risk Management Fund product offering
Product offeringCore offering
FSRMF operates as a member-owned self-insurance fund providing customized liability, automobile, and workers' compensation coverage to 59 Florida Sheriffs' offices and Constitutional Offices. The Fund pools member contributions to pay claims and bundles risk management, claims administration, loss control, training, grants assistance, and safety technology tools. The wholly-owned FSIA subsidiary places commercial insurance coverages not available through the self-insurance pool.
Product overview
FSRMF operates as a self-insurance fund providing comprehensive insurance and risk management services to Florida Sheriffs and Constitutional Offices. The core portfolio includes three integrated self-insurance programs: the Florida Sheriffs Self Insurance Program (FSSIP) for liability coverage, the Sheriffs' Automobile Risk Program (SHARP) for automobile coverage, and the Florida Sheriffs Workers' Compensation Self-Insurance Fund (FSWCSIF) for workers' compensation benefits. Supporting these are the Florida Sheriffs Insurance Agency (FSIA) subsidiary for commercial insurance placement and the Florida Sheriffs Employee Benefits Trust (FSEBT) for employee benefits. Technology offerings include FACTS use-of-force software for incident documentation and reporting, PowerDMS for policy management, and ShareFile for document repositories. Additional risk management services encompass the Safe Driver Challenge initiative and a Grants Services Program for member funding assistance.
Differentiator
Problem solved
Functional benefit
Products and services
- Florida Sheriffs Self Insurance Program (FSSIP) Self-insurance program providing customized professional and general liability coverage to Florida Sheriffs' offices; currently insures 59 Sheriffs' offices.
- Sheriffs' Automobile Risk Program (SHARP) Automobile liability and physical damage coverage program for Sheriffs' offices; provides coverage for agency vehicles and drivers. Now part of FSRMF following the 2011 merger.
- Florida Sheriffs Workers' Compensation Self-Insurance Fund (FSWCSIF) Provides Florida statutory workers' compensation benefits and employer's liability insurance to Sheriffs and their employees, integrated with risk management, loss control, and claims services.
- Florida Sheriffs Insurance Agency (FSIA) Wholly-owned insurance agency placing commercial coverage for Sheriffs and Constitutional Offices for lines not available through FSRMF self-insurance, including aviation, statutory death benefits, inmate medical claim reimbursement, equipment, bonds, and general liability.
- Florida Sheriffs Employee Benefits Trust (FSEBT) Employee benefits solutions program for member agencies, originally established in 1984 and brought in-house to FSRMF in 2020.
- Safe Driver Challenge Driver safety awareness program for Sheriffs' offices addressing unsafe speeds, distracted driving, tailgating, and improper backing, with incentive prizes for safe drivers.
- Grants Services Program Risk management service assisting members with grant seeking, proposal development, grant management, compliance, and training/technical assistance; provided at no additional cost to members.
Quantifiable outcome
- 6.8% reduction in at-fault claims from 2022-2023 to 2023-2024
- +2 more outcomes
Companies that use Florida Sheriffs Risk Management Fund
Customer profileNamed customers7 records
Segments2 records
Ideal customer profiles2 records
Florida Sheriffs Risk Management Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature4 records
Florida Sheriffs Risk Management Fund partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Florida Sheriffs Association (FSA)coreFSRMF is a Strategic Partner with the Florida Sheriffs Association. The team provides various training seminars at FSA events to keep members up to date on the latest trends and methods to eliminate risk. The Fund also holds Final Drawing at FSA Winter Conference.
- Florida Sheriffs Insurance Agency, LLC (FSIA)coreFormed in December 2012 as a wholly-owned subsidiary of FSRMF to assist Sheriff's offices in the purchase of insurance coverage not available through FSRMF self-insurance programs. Employs six licensed insurance professionals.
- Florida Sheriffs Employee Benefits Trust (FSEBT)minorFormerly known as Florida Sheriffs Multiple Employers Trust (FSMET). Brought in house by FSRMF in 2020 to provide more streamlined services to members. Provides employee benefits solutions to member agencies.
- LEFTA SystemscoreProvider of FACTS (Force Accountability and Community Transparency Software) use-of-force software. FSRMF purchased the software through an agreement with LEFTA to offer to Sheriffs who are members at no charge.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
Florida Sheriffs Risk Management Fund competitors and assessment
Company assessmentEmerging players
- Lexipol: Provides policy management, training, and risk mitigation content to law enforcement and other public safety agencies. Comparable as a technology-enabled risk management provider for the law enforcement vertical FSRMF serves.
- LEFTA Systems: Provider of FACTS use-of-force software used by FSRMF member agencies. Comparable as a technology partner in the law enforcement risk management ecosystem that FSRMF competes with or bundles to its members.
Direct peers
- Public Agency Risk Sharing Authority of California (PARSAC): California joint powers authority offering self-insurance pooling for workers' compensation and liability to public agencies. Direct peer in the public-sector risk pool category.
- CSAC Excess Insurance Authority (CSAC-EIA): California-based joint powers authority providing liability, workers' compensation, property, and other coverage to public agencies and counties. Most direct functional peer: a state-level self-insurance pool serving government entities, structured similarly to FSRMF.
- Iowa Communities Assurance Pool (ICAP): Iowa-based self-insurance pool for cities and counties providing liability, auto, property, and workers' compensation coverage. Closely analogous state-level municipal/county self-insurance pool.
- Washington Counties Risk Pool: Washington-state risk pool providing liability, property, and related coverage to counties. Comparable state-level public-entity self-insurance structure.
- Michigan Municipal Risk Management Authority (MMRMA): Michigan risk management authority providing liability and property coverage to municipalities. Comparable state-level public-entity self-insurance pool with risk management services.
- New York Municipal Insurance Reciprocal (NYMIR): Reciprocal insurance pool providing liability and workers' compensation to municipalities and public entities in New York. Comparable as a member-owned public-sector self-insurance mechanism with multi-line coverage.
- Texas Association of Counties Risk Management Pool (TAC RMP): Texas multi-line self-insurance pool providing liability, auto, property, and workers' compensation coverage to Texas counties and public officials. Directly comparable as a state-level public-entity self-insurance pool.
Broad incumbents
- AEGIS Insurance Services: Insurance provider serving the utility and energy sector with specialty property and casualty coverage. Relevant as a broader specialty mutual insurer serving infrastructure-adjacent public-purpose clients; not a direct competitor but illustrates the broader specialty public-purpose insurance landscape.
Market position
Strengths5 records
Weaknesses1 record
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Florida Sheriffs Risk Management Fund social profiles
Digital presenceFlorida Sheriffs Risk Management Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
Florida Sheriffs Risk Management Fund leadership team
Management profileNumber of profiles
Profiles9 records
Florida Sheriffs Risk Management Fund subsidiaries and ownership
Company hierarchySubsidiaries2 records
Florida Sheriffs Risk Management Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Florida Sheriffs Risk Management Fund M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Florida Sheriffs Risk Management Fund
What does Florida Sheriffs Risk Management Fund do?
FSRMF operates as a member-owned self-insurance fund providing customized liability, automobile, and workers' compensation coverage to 59 Florida Sheriffs' offices and Constitutional Offices. The Fund pools member contributions to pay claims and bundles risk management, claims administration, loss control, training, grants assistance, and safety technology tools. The wholly-owned FSIA subsidiary places commercial insurance coverages not available through the self-insurance pool.
Is Florida Sheriffs Risk Management Fund a public or private company?
Florida Sheriffs Risk Management Fund is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Florida Sheriffs Risk Management Fund founded?
Florida Sheriffs Risk Management Fund was founded in 1978.
Where is Florida Sheriffs Risk Management Fund based?
Florida Sheriffs Risk Management Fund is headquartered in Tallahassee, United States, in the North America region.
How does Florida Sheriffs Risk Management Fund make money?
Two revenue lines are on record. Member Contributions (Self-Insurance) is the primary driver. The others are florida Sheriffs Insurance Agency (FSIA) - Commercial Insurance Placement.
Who are Florida Sheriffs Risk Management Fund's main competitors?
Emerging players on record are Lexipol and LEFTA Systems. Direct peers are Public Agency Risk Sharing Authority of California (PARSAC), CSAC Excess Insurance Authority (CSAC-EIA), Iowa Communities Assurance Pool (ICAP), Washington Counties Risk Pool, Michigan Municipal Risk Management Authority (MMRMA), New York Municipal Insurance Reciprocal (NYMIR) and Texas Association of Counties Risk Management Pool (TAC RMP). AEGIS Insurance Services is listed as a broad incumbent.
Does Florida Sheriffs Risk Management Fund have an API?
No public API is recorded for Florida Sheriffs Risk Management Fund.
What industry is Florida Sheriffs Risk Management Fund in?
Florida Sheriffs Risk Management Fund's product category is Public Sector Self-Insurance / Law Enforcement Risk Management. Its primary akta.pro industry code is FSAJAEAD, Self-Insured Workers’ Compensation Programs. Its NAICS code is 525190 and its SIC code is 6331.