NCSBT

During the worldwide insurance crisis of the 1980s, many North Carolina public school districts were unable to obtain insurance in the commercial insurance market at any price. With nowhere else to turn, schools districts approached NCSBA for help. In 1982, the North Carolina School Boards Trust was formed to provide necessary coverages and risk management services to North Carolina's public school districts. Since that time, NCSBT has provided school districts with an alternative to commercial insurance as a way of protecting members' risk exposures... In 1982, NCSBT created its first fund, the Workers' Compensation Fund, to provide statutory workers' compensation coverage to participating school districts for their locally and federally funded workers' compensation exposures... Four years later, in 1986, NCSBT opened its Errors & Omissions/General Liability Fund. Through that Fund, NCSBT provides coverage to its member school districts for their various general and legal liability..

Also known as: NC School Board Trust, North Carolina School Boards Trust

Primary location: Raleigh United States