Frequently Asked Question
What are public entity risk pools?
Similar to private risk pools, a public entity risk pool is a method of risk management where a group of government entities band together to finance the various risks they’re exposed to. These public risk pools developed in the 1970’s and 1980’s when commercial insurers started limiting coverage and even leaving the public market entirely in servicing liability and workers comp. Public entity risk pools can often be more nimble than traditional markets, especially if there is strong member buy-in.