What is OSBIE?
The Ontario School Boards’ Insurance Exchange (OSBIE) is a school board owned, non-profit insurance program with 106 members, representing 78 school boards and 28 Joint Ventures in Ontario. The primary goals of the Exchange are to insure member school boards against losses, and to promote safe school practices.
Consistent with common co-operative principles, each member in the reciprocal assumes a share of the risk carried by all members of the pool and also shares in any surplus of funds accumulated. The organization is run by a Board of Directors who are elected from the membership based on regional representation.
OSBIE presently provides the following lines of insurance to our members:
- General Liability
- Employee Crime
- Fleet Automobile