Equally competitive is an exclusive arrangement through FlexAmerica to provide members with low cost state of the art Flexible Benefit Administration.

PAISBIG  (Philadelphia Area independent School Business Insurance Group)

Business Insurance Program

School Business Offices today are dealing with issues many believed only happened to “other” schools. From incidents of sexual misconduct to employment practices to student disciplinary actions, students, parents and employees are increasingly taking legal action against their schools.  The PAISBIG Committee, in consultation with experts in the field, has put together a comprehensive package designed specifically to meet the complex needs of schools.

In addition, the committee is diligently working on behalf of members to address the pressing risk management issues facing our schools through both insurance coverage and risk management practices. The areas of coverage provided by this property and casualty program include Workers Compensation, student accident coverage, General and Umbrella liability, Directors and Officers Liability. Currently, 41 schools participate in the various PAISBIG sponsored programs.

PAISBOND

Financial Consulting Services

In the Spring of 2000, PAISBOA created a tax exempt bond program.  The first issue involving 4 schools and $27.3 million closed in December 2000, but following that issue there was not enough interest to support an ongoing effort.

However, our consultants (Public Financial Management) pointed out that there were opportunities from a coordinated effort in several other areas such as tax exempt leasing. For a reduced fee, PFM consults with member schools to analyze their individual financial structures, practices and credit worthy status to locate and take advantage of other leveraging opportunities of significant benefit.

PAISENERGY

Electric Energy Generation

This program was established in 1998 in response to electric deregulation in Pennsylvania. In order to deal with a rapidly changing market  the model was changed in 2003 by hiring a consulting firm, now Provident Energy Consulting, to continuously monitor the market and organize cost saving agreements.