SELF is a unique organization.  It is the only pooling vehicle for California educational entities that provides members with liability coverage up to $50 million per claim and is truly independent of third-party special interests.  With nearly 900 members from Arcata to El Centro – represented by a Board of Directors elected from

Stability   SELF’s Excess Liability Program has been protecting schools and colleges from catastrophic liability claims since 1986. We know that the cost of insurance is directly related to members’ actual claim experience and that over the long-term, the cost of insurance can never be below the cost of claims and expenses.   But through pooling, SELF averages members’ catastrophic claims costs over a larger group and that permits SELF to keep rates much more stable than those the insurance market produces.  The cost of this risk-sharing is an incredible value – at SELF’s current rates it would take approximately 2,000 years of contributions from an average sized district to fund just one $50 million claim.  SELF has been providing this service to California schools and colleges for almost a quarter-century.  During this same time, for-profit insurers and brokers have regularly attempted to convince schools there is a cheaper and better way.  None of them have stood the test of time and none have stood by schools year after year like SELF has.

Security   SELF’s Excess Liability Program has assets of nearly $70 million and a surplus fund of $36 million. We are funded at an actuarial confidence level in excess of 90 percent and our financials are readily available on our website.  SELF invests its assets in only the most secure, highly-rated securities which produced a portfolio return of 9.2 percent during the last fiscal year.  Moreover, since 1986, SELF has indemnified members for over $200 million in claims.