Schools of Ohio Risk Sharing Authority

What Schools of Ohio Risk Sharing Authority does

Schools of Ohio Risk Sharing Authority (SORSA) is a 501(c)(3) nonprofit, member-owned insurance consortium that provides Property, Bus Fleet, Educator Liability, Cyber Liability, and Violence insurance to Ohio public K-12 school districts. Founded in 2002 by 8 districts and grown to 161 members by 2024, SORSA is incorporated under Ohio Revised Code Chapter 1702, with member equity held 100% by participating districts and surplus retained for members rather than distributed to outside shareholders. The consortium distributes coverage exclusively through a network of local independent insurance agents across Ohio's 88 counties and reinsures its liability exposures with United Educators as primary reinsurer and Scottsdale Insurance Company as the layer above.

The product portfolio bundles core insurance lines (Property, Equipment Breakdown, Crime, General Liability, Educator's Legal Liability, Flood/Earthquake, Automobile Liability and Physical Damage, Garage Keepers, Violence, and exclusive Cyber Liability) with free member services including a Legal Help Desk, Risk Management Help Desk, bus driver training, property appraisals, and boiler inspections. Member retention is reinforced by the Disappearing Deductible Program, which reduces deductibles each year without a claim and permanently waives them after 5 continuous years. The organization operates with 1-10 employees from its Dublin, Ohio headquarters, outsources specialized services to partners such as Travelers, Insurance Valuation Group, and The School Bus Safety Company, and is governed by a Board of Directors composed of superintendents, treasurers, and business managers from member districts.

Name

Schools of Ohio Risk Sharing Authority

Legal name

Schools of Ohio Risk Sharing Authority

Website

https://sorsaschools.org

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

1–10 employees

Short description

Schools of Ohio Risk Sharing Authority (SORSA) is a 501(c)(3) nonprofit, member-owned insurance consortium providing Property, Bus Fleet, Educator Liability, Cyber Liability, and Violence coverage to 161 Ohio public K-12 school districts across all 88 counties, distributed via local independent agents.

Ownership category

akta.pro rank

Headquarters

HQ city

Dublin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: SORSA operates as a non-profit, member-owned consortium providing Property, Bus Fleet and Educator Liability insurance for public schools in Ohio. Members pay premiums which fund the insurance pool, with any surplus retained by member districts rather than distributed to shareholders or investors.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

SORSA provides Property, Bus Fleet and Educator Liability insurance to public school districts in Ohio through a non-profit, member-owned consortium. Members pay annual premiums into a pooled fund and receive bundled core coverages (Property, General Liability, Auto, Cyber Liability, Educator's Legal Liability, Violence, and more) along with free member services such as a Legal Help Desk, Risk Management Help Desk, Property Appraisals, Boiler Inspections, and Bus Driver Training. Coverage is sold exclusively through a network of local independent insurance agents serving all 88 Ohio counties.

Product overview

Schools of Ohio Risk Sharing Authority (SORSA) is a non-profit, member-owned consortium providing Property, Bus Fleet and Educator Liability insurance for public schools in Ohio. The organization operates as a unified insurance platform with core coverage products (Property, General Liability, Auto, Cyber Liability, Educator's Legal Liability, Violence, and more) bundled with value-added member services including free Legal Help Desk, Risk Management Help Desk, Property Appraisals, Boiler Inspections, and Bus Driver Training. SORSA differentiates itself through exclusive inclusions like Individual Liability Limits, Cyber Liability Coverage, and Violence Coverage not found elsewhere in the school insurance market. Member loyalty is rewarded through programs like the Disappearing Deductible Program and Permanent Waiver of Deductible for 5-Year Members.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Insurance
• Equipment Breakdown
• Crime and Employee Dishonesty
• Cyber Liability
• General Liability
• Educator's Legal Liability
• Flood and Earthquake
• Automobile Liability
• Automobile Physical Damage
• Violence Coverage
• Garage Keepers
• Bus Fleet Insurance
• Fund Transfer Fraud Coverage
• Legal Help Desk
• Risk Management Help Desk
• Property Appraisals
• Boiler Inspections
• Bus Driver In-Service Training

Quantifiable outcome

• 161 Ohio school districts saved on premiums through collective purchasing power
• +2 more outcomes

Named customers8 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

Feature1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• The School Bus Safety CompanycoreStrategic or Co-development PartnerProvides behavior-based driver safety course for SORSA members. The program includes 15 hours of classroom training topics, a final exam and answer key, and training-the-trainer materials. Recently updated to blend operation safety, industrial psychology, instructional design and media production.
• Insurance Valuation Group, LLCcoreStrategic or Co-development PartnerProvides free property insurance appraisals for SORSA members, resulting in lower insurance costs. This service helps members accurately value their property for insurance purposes.
• The Travelers Insurance CompanycoreTechnology or IntegrationProvides boiler inspections for SORSA members as a service, alleviating the need for inspection by the Ohio Department of Commerce. Contact: [email protected], Phone: 1-800-425-4119.
• United EducatorscoreOthersPrimary liability reinsurer for SORSA. Increased their layer of coverage for a lower premium than previously paid. Part of 2014 reinsurance restructuring that allowed SORSA to increase coverage limits while decreasing costs.
• Scottsdale Insurance CompanycoreOthersReinsurer above United Educators, replacing Everest Reinsurance Company. Part of 2014 reinsurance restructuring that improved coverage terms for SORSA members.
• BelforminorStrategic or Co-development PartnerProperty emergency hotline partner referenced on the claims page. Available for property emergencies affecting SORSA members. Website: belfor.com.

Scale indicators2 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Michigan Education Special Services Association (MESSA): MESSA provides group health, life, disability, and liability coverage to Michigan school employees and districts. Comparable as a Michigan-based education-affiliated insurance provider serving school employees, but a much larger and broader portfolio.
• Wisconsin Education Association Insurance Trust (WEA): WEA Insurance provides a range of personal and educator-liability insurance products to Wisconsin public school employees. Comparable audience (K-12 education workforce) but broader retail insurance focus rather than a district-level risk pool.

Direct peers

• Schools Insurance Alliance (SIA): SIA is a Tennessee-based insurance alliance providing property, casualty, and workers' comp coverage to public schools. Comparable member-owned pooling model for K-12 districts, but in a different southern state.
• New York Schools Insurance Reciprocal (NYSIR): NYSIR is a member-owned reciprocal insurance exchange providing property, liability, and related coverage to New York public school districts. Same non-profit reciprocal/pool structure serving K-12 schools, though confined to New York.
• Schools Excess Liability Fund (SELF): SELF is a California joint powers authority providing excess liability coverage to public schools and community colleges. Directly comparable as a school-focused risk-sharing pool with member-owned governance, but operates in a different state.
• Pennsylvania Schools Insurance Consortium (PASIC): PASIC is a Pennsylvania-based insurance consortium serving public school districts with property, liability, and related coverage. Closely comparable to SORSA in structure and customer base, but regionally focused on Pennsylvania.
• Texas Association of School Boards Risk Management Fund (TASB Risk Management Fund): TASB RMF is a member-owned risk pool providing property, casualty, and workers' comp coverage to Texas public schools. Very similar member-owned model targeting K-12 districts with pooled reinsurance backing.
• Ohio School Plan (OSP): Ohio School Plan is a member-owned joint self-insurance pool providing property, liability, and fleet coverage to Ohio public schools. It is the closest direct competitor to SORSA, targeting the same K-12 district customer base in Ohio with a similar risk-sharing model.
• Public Risk Innovation, Solutions, and Management (PRISM): PRISM is a California public-entity risk-sharing pool providing property, liability, workers' comp, and other coverages to public agencies including schools. Comparable model to SORSA as a multi-line pooled insurance entity serving public/municipal clients.

Others

• United Educators (UE): United Educators is the primary liability reinsurer for SORSA and a national insurance company designed specifically for education. While not a competitor, it is a key commercial insurance partner and comparable in its education-vertical focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/schools-of-ohio-risk-sharing

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 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 Schools of Ohio Risk Sharing Authority