Florida School Boards Insurance Trust

What Florida School Boards Insurance Trust does

Florida School Boards Insurance Trust (FSBIT) is a private organization headquartered in Tallahassee, Florida, that delivers insurance, claim management, and loss control services. Its functional focus, as stated in firmographic inputs, is on serving the risk-management needs of Florida school boards, consistent with a member-owned or pooled insurance trust model operating within the K-12 public education sector.

The organization operates with a small administrative footprint of 11-50 employees and runs no publicly disclosed technology platform, proprietary product suite, or app offering. Source extraction of the company's website (fsbit.net) returned only a loader/verification screen with no substantive information on service architecture, claims systems, underwriting workflow, loss-control methodology, or product catalog. Consequently, no technology stack, integration list, or AI/ML capability can be substantiated from the input data.

The business model appears to be that of a specialized risk-pool or trust arrangement underwriting coverage and administering claims for a defined Florida school-board constituency. No pricing model, public fee schedule, premium volume, funding history, M&A, partnership, leadership, or strategic-action data is disclosed in the available sources. As a result, revenue mechanics, customer count, and growth signals cannot be quantified, and the analytical picture is limited to the firmographic profile described above.

Name

Florida School Boards Insurance Trust

Website

https://fsbit.net

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Florida School Boards Insurance Trust is a private Tallahassee-based organization that provides insurance, claim management, and loss control services to Florida school boards, operating with a small administrative staff of 11-50 employees.

Ownership category

akta.pro rank

Headquarters

HQ city

Tallahassee

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Others

Core offering

Florida School Boards Insurance Trust offers insurance, claim management, and loss control services. Operating as a trust based in Tallahassee, Florida, the organization provides insurance coverage and related risk services to Florida school boards.

Differentiator

Problem solved

Functional benefit

Products and services

• Insurance Coverage
• Claims Management
• Loss Control Services

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Direct peers

• School Alliance Insurance Fund (SAIF): Public entity risk pool covering workers' compensation, property, liability, and other lines for school districts and educational entities in multiple states. Closely aligned risk-pool business model serving K-12 governing bodies.
• Public Risk Innovation, Solutions, and Management (PRISM): California-based public agency risk pool offering coverage to schools, cities, and special districts. Directly comparable pooled insurance entity with member-owned governance and loss-prevention services.
• Florida League of Cities Insurance Trust: Florida-domiciled insurance trust providing property, liability, and workers' comp coverage to member municipalities. Strong comparability on geography (Florida) and trust/pool structure targeting public entities.
• Schools Insurance Authority: California-based joint powers authority providing property/liability and workers' compensation coverage to schools and community college districts. Directly comparable as a pooled risk-sharing entity serving public school governing bodies with similar trust-style structure.
• New York Schools Insurance Reciprocal (NYSIR): Reciprocal insurance pool providing property, casualty, and workers' comp coverage to New York school districts. Closely aligned operating model—member-owned risk pool for school boards with claim management and loss control services.
• Louisiana School Boards Association Insurance Trust: State-level insurance trust serving school boards in Louisiana with comparable coverage, claims, and loss-control services. Strong model analog for FSBIT outside Florida.
• Schools Cooperative Insurance Trust: School-board-focused cooperative insurance trust providing property, casualty, and workers' compensation coverage to public school districts. Directly comparable pooled trust structure.

Broad incumbents

• Brown & Brown Insurance: Large Florida-headquartered insurance brokerage and risk-management firm. Comparable on Florida insurance market presence and school/public-entity clientele, though operates as a broad incumbent rather than a captive school-board trust.
• Arthur J. Gallagher & Co. (Public Entity Practice): Major global insurance brokerage with a significant public entity and education practice. Comparable as an established player in school-district risk management and insurance placement, though far larger and broader in scope.

Regional players

• State Risk Management Trust (various state programs): State-administered risk management trusts providing coverage to public entities including school districts. Operates in different geographies with similar pooling mechanics, complementing FSBIT as a comparable regional model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key highlights4 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Florida School Boards Insurance Trust