As insurance rates for tax-funded entities continue to rise, budgets for city services are adversely impacted.
SLAIT acts as an insurance company for Liability & Workers Compensation and Employee Benefits to manage these rising costs. This member-funded pool provides coverage exclusively to professionally managed cities in the St Louis area.
Unlike traditional insurance providers, an insurance pool allows members to secure a portion of the remaining investment income after the trust has paid claims. Funds are distributed to the community of members as approved by the Board of Trustees.