TASB Risk Management Fund
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.
- Company typePrivate
- Founded1973
- HeadquartersAustin, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
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).
TASB Risk Management Fund firmographics
Firmographics- 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
TASB Risk Management Fund industry classification
Industry- 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
Where TASB Risk Management Fund is headquartered
LocationHeadquarters
- HQ city
- Austin
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
TASB Risk Management Fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales, Others
Revenue model
- 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
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Customized coverage programs based on member needs |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels7 records
TASB Risk Management Fund product offering
Product offeringCore 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
Companies that use TASB Risk Management Fund
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles3 records
TASB Risk Management Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature3 records
TASB Risk Management Fund partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Texas Association of Pupil Transportation (TAPT)coreTAPT 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 TechniciansminorThis 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.
- PublicSchoolWORKScoreThe 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 ResolvercoreThe 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.
- MitchellcoreMitchell 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.
- OptumcoreOptum 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
TASB Risk Management Fund competitors and assessment
Company assessmentDirect 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
TASB Risk Management Fund social profiles
Digital presenceTASB Risk Management Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
TASB Risk Management Fund leadership team
Management profileNumber of profiles
Profiles10 records
TASB Risk Management Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TASB 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 TASB Risk Management Fund
What does TASB Risk Management Fund do?
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.
Is TASB Risk Management Fund a public or private company?
TASB Risk Management Fund is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was TASB Risk Management Fund founded?
TASB Risk Management Fund was founded in 1973. It employs 1 to 10 people.
Where is TASB Risk Management Fund based?
TASB Risk Management Fund is headquartered in Austin, United States, in the North America region.
How does TASB Risk Management Fund make money?
One revenue line is on record: member Contributions.
Who are TASB Risk Management Fund's main competitors?
Direct peers on record are Texas Municipal League Intergovernmental Risk Pool, Schools Insurance Authority, Schools Excess Liability Fund (SELF), New York State School Boards Association Insurance Reciprocal and Missouri United School Insurance Council (MUSIC). Others are Association of Governmental Risk Pools (AGRIP) and Public Risk Management Association (PRIMA). Broad incumbents are Hanover Insurance Group, Markel Corporation and Philadelphia Insurance Companies (PHLY).
Does TASB Risk Management Fund have an API?
No public API is recorded for TASB Risk Management Fund.
What industry is TASB Risk Management Fund in?
TASB Risk Management Fund's product category is Public Entity Risk Pool. Its primary akta.pro industry code is FSAJAFAM, Nonprofit / Social Services BOP. Its NAICS code is 52519 and its SIC code is 6331.