The Ontario School Boards’ Insurance Exchange (OSBIE) is a school board owned, non-profit insurance program with 118 members, representing 78 school boards/school authorities and 40 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 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 started in 1987, providing Comprehensive General Liability Insurance to Ontario school boards, and has evolved to provide the following lines of insurance to our members:
- General Liability
- Fleet Automobile
- Legal Expense
OSBIE presently provides the following Supplementary Lines to our members:
- Accidental Death and Dismemberment Insurance
- Facility User Group Insurance – Community Use of Schools
- School Council Commercial General Liability