What ISCC does

Independent Schools Compensation Corporation (ISCC) is a Massachusetts-domiciled workers' compensation self-insurance group (SIG) established on April 1, 1992, under Massachusetts General Law, Chapter 152. The organization provides workers' compensation coverage, claims management, loss control, and risk management services to private independent schools, private colleges, and cultural institutions located in Massachusetts. Membership has grown from 24 founding institutions to more than 176 members, all of whom are private educational or cultural organizations; no commercial or for-profit employers are admitted. Member institutions benefit from up-front premium deviations, periodic dividend distributions, and access to loss control, claims, and managed medical care services outsourced to the program manager FutureComp.

ISCC's core product suite centers on the self-insurance group structure, underwritten and serviced through FutureComp and Hub International, with NEEIA serving as the sponsor association. Core service lines include claims management, managed medical care, loss control and risk management, underwriting, and management information systems reporting via the FutureComp Risk Management Center — an online platform providing real-time loss data, on-demand reporting, and direct claim entry. Supplemental offerings include free POPE (Post-Offer Pre-Employment) physical exams for high-risk positions, a Health and Safety Grant Program (up to $5,000 per award), member webinars, Return-to-Work programs, safety incentive programs, MVR/driver training resources, and negotiated discount partnerships (ShoesForCrews, Winter Walking, IndustrialSafety.com). Member-driven governance is exercised through a Board of Directors, which approves new memberships and oversees group operations.

ISCC's commercial model is a subscription-style, annually billed insurance membership with two tiers: Class A (annual manual Massachusetts workers' compensation premium under $350,000 and/or endowment under $200 million) and Class B (annual manual premium at or above $350,000 and endowment at or above $200 million). Members pay premiums sized to payroll classifications and risk profile, with up-front deviations and periodic dividends tied to claims experience; since 1992, the group has generated more than $215 million in cumulative premiums and returned $88 million to members (41% of premiums paid, of which $72 million has been distributed). Distribution is sales-led, run primarily through Hub International as exclusive agent for Class A prospects and open to independent agents for Class B. Operations and claims are run through FutureComp under program management, and ownership and control rest entirely with the member institutions; there is no external parent or institutional investor.

Name

ISCC

Legal name

Independent Schools Compensation Corporation

Website

https://iscc-wc.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

ISCC is a Massachusetts-domiciled workers' compensation self-insurance group serving 176+ private schools, colleges, and cultural institutions since 1992, operating under MA General Law Chapter 152 with member-driven governance and lifetime dividend returns totaling 41% of paid premiums.

Ownership category

akta.pro rank

Product category

Workers' Compensation Insurance

NAICS

Other Insurance Funds (525190), Insurance Carriers and Related Activities (524), Insurance and Employee Benefit Funds (5251)

SIC

Insurance Carriers, Nec (6399), Services-Membership Organizations (8600)

akta.pro primary industry

Self-Insured Workers’ Compensation Programs (FSAJAEAD)

Keywords

• Workers compensation insurance
• Self-insurance group
• Risk management services
• Claims management
• Loss control services

Headquarters

HQ city

Chicopee

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Others

Revenue model

1. Workers' Compensation Premiums: ISCC collects premiums from member institutions for workers' compensation coverage. Members enjoy up-front premium deviations and discounts in addition to periodic dividend distributions based on the group's financial performance and claims experience.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

ISCC operates a workers' compensation self-insurance group (SIG) for private schools, colleges, and cultural institutions in Massachusetts under Massachusetts General Law, Chapter 152. Members receive workers' compensation coverage, claims management, loss control and risk management, managed medical care, underwriting services, up-front premium deviations, and periodic dividend distributions based on group performance.

Product overview

ISCC (Independent Schools Compensation Corporation) operates as a workers' compensation self-insurance group (SIG) for private schools, colleges, and cultural institutions in Massachusetts, established in 1992 under Massachusetts General Law Chapter 152. The organization offers a comprehensive suite of services centered around its core workers' compensation program, which includes claims management, loss control and risk management, managed medical care, and underwriting services. Members also gain access to supplementary programs including the free POPE (Post-Offer Pre-Employment) exam program for high-risk positions, member webinars, Health and Safety Grant Program (up to $5,000 per award), Return-to-Work Programs, and Safety Incentive Programs. The FutureComp Risk Management Center provides technology-enabled claims tracking and reporting. ISCC also provides negotiated discount partnerships for safety equipment including ShoesForCrews footwear, Winter Walking ice grips, and cut-resistant gloves. The program has grown from 24 founding members in 1992 to over 176 member institutions, with members enjoying premium reductions and dividend distributions totaling $88 million since inception.

Differentiator

Problem solved

Functional benefit

Products and services

• Workers' Compensation Self-Insurance Group (SIG) A self-insured workers' compensation program established under Massachusetts General Law, Chapter 152, providing coverage for private schools, colleges, and cultural institutions in Massachusetts.
• Claims Management

Named customers6 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• New England Educators Insurance Association (NEEIA)coreStrategic or Co-development Partner · 1 January 1992ISCC members automatically become members of NEEIA as the Group's sponsor association. NEEIA provides sponsorship and support for the ISCC self-insurance group.
• FutureCompcoreImplementation/ SI/ Consulting PartnerFutureComp serves as the program manager for ISCC, handling day-to-day operations, claim and safety services, and providing the service team including claims adjusters, loss control consultants, underwriters, and administrative staff. FutureComp provides unlimited loss control services, safety training, and resources to ISCC members at no additional cost.
• Hub InternationalcoreChannel Partner/ Reseller/ DistributorHub International serves as the exclusive agent for potential members falling under the Class A membership criteria. They identify and facilitate prospective new Class A members.
• WinterWalkingminorChannel Partner/ Reseller/ DistributorFutureComp has partnered with WinterWalking to provide members with discounted pricing on professional-grade ice traction devices including IceGrips for existing footwear.
• ShoesForCrewsminorChannel Partner/ Reseller/ DistributorFutureComp has partnered with ShoesForCrews to provide members with 15-30% off corporate pricing on slip-resistant and safety footwear, with free shipping and exchanges.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• AmTrust Financial Services:
• The Hanover Insurance Group: Hanover is a major Massachusetts-headquartered P&C carrier offering commercial workers' compensation, particularly for educational institutions, non-profits, and mid-market accounts. It is a key competitor for ISCC's target segment as a fully-insured alternative.
• Safety Insurance Group: Safety Insurance is a Massachusetts-domiciled P&C insurer that writes workers' compensation coverage as one of its core lines. It competes with ISCC for the same pool of MA institutional buyers and provides the traditional fully-insured alternative against which ISCC's self-insurance value proposition is positioned.
• AF Group / Accident Fund Holdings: AF Group (Accident Fund) is a national workers' compensation specialist carrier serving commercial and public-sector employers. It competes for the same workers' comp premium dollar that ISCC pools, and operates similar loss-control and dividend economics at much larger scale.

Regional players

• Plymouth Rock Assurance: Plymouth Rock is a New England-based P&C carrier offering workers' compensation to small and mid-sized employers in Massachusetts. It competes with ISCC's fully-insured product offering for educational institution buyers in the MA market.
• Arbella Insurance Group: Arbella is a Massachusetts-based mutual P&C insurer offering workers' compensation and commercial coverage to regional employers. While broader than ISCC's niche, it competes in the same MA workers' comp distribution channel via independent agents like Hub International.
• A.I.M. Mutual Insurance Companies: A.I.M. Mutual is a Massachusetts-based mutual insurer specializing in workers' compensation coverage for employers across the state. It competes with ISCC by offering mutual-owned workers' comp with its own dividend/surplus return mechanics to policyholders in the same MA market.

Direct peers

• Massachusetts Interlocal Insurance Association (MIIA): MIIA operates a self-insurance pool for Massachusetts municipalities and public entities under a similar collective risk-pooling model. While focused on public-sector rather than private education, MIIA is the closest structural analog: a Massachusetts-based self-insurance group pooling members' workers' comp and other risks with member-governed dividends and surpluses.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/independent-schools-compensation-corporation-iscc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 ISCC