Like our members, we are a public entity. We’re a member-owned organization, and we specialize in property & liability coverage and loss control services for special-purpose districts. We exist for the benefit of members and are focused on delivering a long-term solution that is affordable, competitive, comprehensive, and uncomplicated.
Enduris’ affordability is largely a function of our ability to administer the pool operations at a significantly lower expense than a private insurance carrier. We are local, and we are not for-profit. We do not pay broker/agent commissions, fees, or taxes. These savings are passed directly to members.
As member equity grows, the pool becomes less reliant on private reinsurance, insulating members from market cycles that can cause wild premium fluctuations. The result is long-term stability and predictability for members.
Enduris employs an experienced in-house claims staff to meet member needs quickly and professionally. We may occasionally contract with a third-party adjustment firm when appropriate, though Enduris will oversee the management of each claim.
Part of the success of a risk-sharing pool is a sense of fairness and stability. Each member in the pool pays a contribution based on a rate specific to their public entity type. Contributions also take into account claim experience, member size, property values, and risk. Members who engage in activities or operations outside of Enduris’ risk appetite are covered for those specific exposures outside of the risk-sharing pool so that other members aren’t shouldering an unfair burden.
In most cases, our “Memorandum of Coverage” provides significantly broader coverage than offered in the private insurance market and at a competitive price. We provide many additional services at no additional cost to the member.
Yes. As with private insurance companies, claims experience can have an impact on premium contributions.
Absolutely – that’s just one of the differences between Enduris and a commercial insurance company. At Enduris we pride ourselves on the relationship we have built with members and we value their input. Much of the process of settling a claim is dictated by standard industry practice, legal counsel, Memorandum of Coverage and individual circumstances. Our member’s perspective is extremely valuable in this process.
The majority of Enduris’ coverage is Occurrence form, which is considered the preferred type of coverage.
Occurrence: A provision of an insurance coverage document that recognizes a claim that occurs during the coverage period, regardless of when it is reported.
Claims-Made: A provision of an insurance coverage document that only recognizes a claim that occurs during the coverage period and is reported during the coverage period.
For new members who come from a Claims-Made policy, Prior Acts coverage is offered.
Although Enduris is a risk-sharing pool and our Intergovernmental Contract allows for members to be assessed, we have never assessed members in our history. Enduris’ current financial position and operational performance make an assessment unlikely.
Yes. Like our members, Enduris is governed by a Board of Directors elected from the membership. There is a formal process in place to appeal claim decisions to the Board of Directors.
Not necessarily. Large insurers have more assets but also more claims and expenses. The key is quality management of the relationship between contributions, expected claims, other expenses, and assets. Insurance companies and risk-sharing pools both manage internally for predictable loss patterns, and both reinsure for large or catastrophic losses.
Enduris was formed in 1987 – over 35 years ago. We continue to experience growth and positive financial results. Member equity continues to grow over time, and our financial strength and operational excellence are evidenced by several notable achievements:
Association of Governmental Risk Pools (AGRiP) Recognition since 2000
97% Actuarial Confidence rating by PricewaterhouseCoopers LLC
We encourage you to read the Enduris reports for more detailed information.
In many cases, you can make changes through our online portal or by email. Of course, you are always welcome to contact our friendly, professional staff by telephone at 1-800-462-8418.
For more information about who is and can be a member of Enduris, please view our Membership List.
