About Us

NEFEC Risk Management Services Program was established in 1982 and is a self-insurance program which delivers all the coverages a commercially insured program provides and some coverages that it does not.  Self-insured losses become an expense only when paid.

Due to the Self-Insured Retention (SIR) approach, there is substantial input and authority on the direction of claims within our retention limit (SIR).  You have control and direction over where emphasis should be placed in loss prevention activities and risk exposure identification.

The true bottom line is that you can control and manage your own risk exposures.  Catastrophe insurance will protect your district from the unusual and unforeseen losses.  The normal and expected losses are retained /self-insured.

RESULTS ORIENTED - Your program's success can be defined at any point in time and is tied to "A Dollar Saved is a Dollar Earned" concept.  Your reward is immediate.  It is not tied into a retrospective premium adjustment two or three years into the future.

CONTROL - Gives you control of our Risk Management and Insurance Program.  By self-insuring the normally anticipated frequent losses we utilize transfer of risk for the unusual or severe/catastrophic type of loss.

CONSOLIDATION - Brings together the various Risk Management functions, including safety, loss control, and insurance purchase into one program and virtually eliminates the "Two Master" relationship that exists between you and a commercial insurance company.

PARTNERSHIP/TEAMWORK - North East Florida Educational Consortium, your school district, and a highly qualified service organization's success run hand in hand.  They, the service company, have the same motivation as you do to work towards good performance resulting in a reduction of claims frequency and severity; thereby reducing the cost to your district's participation in the program.