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The Ontario School Boards’ Insurance Exchange (OSBIE) is a non-profit insurance reciprocal with 120 members, representing 80 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 governed by a Board of Directors who are elected from the membership based on regional representation.
Our Lines of Insurance
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
- Property
- Boiler/Machinery
- Crime/Fidelity
- Fleet Automobile
- Cyber
- Legal Expense
- School Council Liability
Our Supplementary Lines of Insurance
OSBIE presently provides the following Supplementary Lines to our members:
- Accidental Death & Dismemberment, Group Travel Accident Insurance
- Facility User Insurance
Our commitment to service excellence means continuously assessing and responding to the evolving needs of our members.
To ensure our members are fully supported, we’ve partnered with a strategic provider to offer the following specialized insurance solutions.