TASB Risk Management Fund

What TASB Risk Management Fund does

The TASB Risk Management Fund is a member-owned, member-governed risk pool that provides liability, workers' compensation, property, auto, unemployment compensation, cyber/privacy and information security, and violent act coverage to Texas public education entities. Founded in 1973 after the Texas Legislature mandated workers' compensation coverage for public schools and commercial carriers showed little interest in serving the sector, the Fund was created under the Interlocal Cooperation Act (Chapter 791, Texas Government Code) and now serves over 1,000 Texas school districts, education service centers, and community colleges. Governance rests with a 19-member Board of Trustees drawn from member organizations (superintendents, school board members, and school business officials), and TASB (Texas Association of School Boards, Inc.) serves as the service administrator handling daily operations from Austin, Texas.

The Fund's technology footprint centers on a Risk Dashboard and Data Center portal that provides members with loss history, claim status, GASB documentation, and analytics; the Kroll Resolver platform supports property and vehicle inventory and appraisal; and PublicSchoolWORKS delivers a no-cost online training suite covering compliance and workplace safety. Distribution is regionalized through six field-based Risk Solutions Consultants covering all Texas Education Service Center regions, supplemented by specialized consultants in cybersecurity, school safety, and workers' compensation. Billings and pharmacy claims are processed through integrations with Mitchell and Optum/VitalPoint.

Revenue mechanics differ from a commercial insurer: the Fund collects annual member contributions into a self-insured pool rather than charging premiums, and has historically held contributions flat during periods of state-level cuts to public education funding. Membership growth is driven primarily by peer referrals, the Interlocal Participation Agreement model, and member-led governance — there is no traditional sales force, no venture or private equity funding, and no public listing. Member value is reinforced through an annual Members' Conference (300+ attendees in 2026), the Excellence Awards program, and Risk Management Education Grants (approximately $100,000 distributed in 2025).

Name

TASB Risk Management Fund

Legal name

TASB Risk Management Fund

Website

https://tasbrmf.org

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

1–10 employees

Short description

The TASB Risk Management Fund is a member-owned, member-governed risk pool providing workers' compensation, property, auto, liability, cyber, unemployment, and violent act coverage to over 1,000 Texas public school districts, education service centers, and community colleges, operating under the state's Interlocal Cooperation Act since 1973.

Ownership category

akta.pro rank

Product category

Public Entity Risk Pool

NAICS

Other Insurance Funds (52519)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Nonprofit / Social Services BOP (FSAJAFAM)

Keywords

• Public entity risk pooling
• Workers compensation coverage
• Liability insurance programs
• Property casualty coverage
• School district insurance

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Member Contributions: The Fund operates as a self-insured risk pool where member organizations pay contributions into a shared fund. Contributions are based on coverage selections and risk profiles. The Fund leverages members' equity to offset contributions when appropriate, maintaining stable, long-term pricing for public entities operating on limited budgets. The Fund has held contributions flat for several years during cuts to public education funding.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

TASB Risk Management Fund operates as a member-owned, self-insured risk pool providing liability, workers' compensation, property, auto, unemployment compensation, cyber liability, and violent act coverage to Texas public education entities. Members join through an Interlocal Participation Agreement under the Texas Interlocal Cooperation Act and receive customized coverage, expert claims handling, regionally based risk consulting, training resources, and analytics via the Fund Data Center and Risk Dashboard.

Product overview

TASB Risk Management Fund operates as a risk pool offering a comprehensive suite of coverage programs for Texas public education entities. The core product portfolio includes Workers' Compensation, Property, Auto, Liability, Cyber Liability & Security, Unemployment Compensation, and Violent Act coverage, typically offered individually or as Comprehensive Coverage bundles. Member organizations access these coverages through a secure Risk Dashboard platform, which integrates a Data Center for claims reporting and trend analysis. Value-added services include online training through PublicSchoolWORKS, the Risk Management 101 educational program, Fund Excellence Awards recognition, Risk Management Education Grants, and the annual Members' Conference—all designed to help schools manage risk, control costs, and create safer learning environments.

Differentiator

Problem solved

Functional benefit

Products and services

• Workers' Compensation Coverage
• Property Coverage
• Auto Coverage
• Liability Coverage
• Cyber Liability & Security Coverage
• Unemployment Compensation Coverage
• Violent Act Coverage
• Comprehensive Coverage

Quantifiable outcome

• Workers' compensation claims costs dropped about 50% after implementing loss control committee
• +3 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Texas Association of Pupil Transportation (TAPT)coreStrategic or Co-development Partner · 1 January 2025TAPT provides specialized training for school transportation professionals including leadership courses, routing and personnel management training, and the Driver Trainer Academy. The Fund's Risk Management Education Grants support member participation in TAPT training programs.
• Texas Association for School Bus TechniciansminorStrategic or Co-development PartnerThis association provides training courses that help school bus mechanics keep pace with the latest in-vehicle safety features. Fund Risk Management Education Grants support member participation.
• PublicSchoolWORKScoreTechnology or IntegrationThe Fund collaborates with PublicSchoolWORKS to deliver a suite of online training courses as a no-cost benefit exclusively for Fund members. Training covers compliance, workplace safety, and other risk management topics tailored to Texas public schools.
• Kroll ResolvercoreTechnology or IntegrationThe Fund supports member risk management efforts through the Kroll Resolver platform, which helps members maintain accurate inventory and appraisal records for property and vehicles, extending asset life and supporting claims management.
• MitchellcoreImplementation/ SI/ Consulting PartnerMitchell is the company contracted by the Fund to handle medical billing for workers' compensation claims. Medical bills are submitted electronically via WorkComp EDI (Payer ID: WR902) or faxed/mailed to Mitchell for processing.
• OptumcoreImplementation/ SI/ Consulting PartnerOptum processes pharmacy bills for workers' compensation claims under contract with the Fund. Bills are submitted electronically via VitalPoint or faxed/mailed to the TASB office for processing.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Texas Municipal League Intergovernmental Risk Pool: Texas-based governmental risk pool providing property, liability, and workers' compensation coverage to municipalities under the same Interlocal Cooperation Act framework as TASB RMF. Operates with an almost identical pooled, member-owned model, making it the most structurally comparable peer.
• Schools Insurance Authority: California JPA offering property, liability, and workers' compensation coverage to public schools and community colleges. Another pooled, school-focused risk-sharing entity with a member-driven governance model similar to TASB RMF.
• Schools Excess Liability Fund (SELF): California joint powers authority providing excess liability and property coverage specifically to California K-12 schools and community colleges. Closely mirrors TASB RMF's school-focused, pool-based structure, differing mainly by geography and a focus on excess rather than primary layers.
• New York State School Boards Association Insurance Reciprocal: Reciprocal insurance exchange for New York public school districts providing similar pooled coverage to TASB RMF's Texas members. Comparable member-owned structure serving K-12 public education entities.
• Missouri United School Insurance Council (MUSIC): Member-owned insurance pool providing workers' compensation, property, liability, and auto coverage to Missouri public schools. Operates the same multi-line, member-funded pooling model as TASB RMF in a different state.

Others

• Association of Governmental Risk Pools (AGRIP): National trade association of governmental risk pools that recognized TASB RMF for member services in 2024. Not a competitor but a peer organization whose members include most of TASB RMF's direct peer pools.
• Public Risk Management Association (PRIMA): National association for public sector risk managers, including school risk pools and their members. Adjacent ecosystem organization rather than a direct competitor, but useful for benchmarking practice and peer networking.

Broad incumbents

• Hanover Insurance Group: Property and casualty insurer with a specialty practice serving schools, municipalities, and other public entities. A broader-market incumbent whose school programs partially overlap TASB RMF's product set.
• Markel Corporation: Specialty insurance group with established programs for schools, public entities, and nonprofits across the United States. A much larger commercial incumbent offering overlapping coverage lines to education sector customers.
• Philadelphia Insurance Companies (PHLY): Commercial carrier widely used by public and private schools for property, liability, and auto coverage. Represents the type of commercial alternative that historically could not serve Texas public schools, driving the formation of TASB RMF.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/tasbrmf

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 TASB Risk Management Fund