The MSIP provides services to the West Michigan Risk Management Trust. The WMRMT was founded on July 1, 1990 by member districts struggling to obtain competitively priced insurance in the standard marketplace. For over 25 years this member-owned and run organization has successfully provided schools with comprehensive insurance coverages, competitive and stable pricing along with school specific risk management services.
Throughout its history members have incurred positive claims experience which has helped keep them in a very strong position with insurance carriers. The performance of this member-owned pool has helped keep rates competitive while allowing surplus dollars to be returned.
WMRMT has partnered with Arthur J. Gallagher & Co., one of the world’s largest risk management specialists, to provide insurance brokerages and administration services. Annually, this group has insurance coverages bid to ensure rates are competitive and insurance coverages are current with emerging school risks.
MSIP provides services directly tailored to the coverages provided by WMRMT, which is crafted Coverage is crafted specifically for K-12 schools and is backed by A+ rated insurance companies. This process is reviewed annually by MSIP to ensure the risks present at member districts are appropriately insured and competitively priced. A few coverage highlights include the following:
