August 18, 2022
About Us

SAIF offers school districts a unique opportunity to control insurance costs.
Miscellaneous - IMG1504.jpgSAIF was formed in 1996 to provide an alternative to traditional insurance programs. SAIF’s goals are as follows:
  • Provide predictability in insurance costs
  • Reduce administrative costs of the fund.
  • Reduce claims costs by risk management and loss control activities.
  • Be responsive to members’ insurance needs.
  • Retain Risk Management Consultant’s central role as advisor to the member.

Today, SAIF has 138 members located throughout the State.

How is SAIF Governed?

SAIF operates as a regulated joint insurance fund. Its members elect a Board of Trustees, which is responsible for the fund’s operations. The day to day operations are the responsibility of Public Entity Group Administrative Services (PEGAS) and other service providers.

PEGAS is an experienced joint insurance fund manager. It manages the fund from its office in West Windsor.

How much have members saved?
Members have saved as much as 40% compared with 1996 insurance costs. The actual savings depend on how long a district has been a member of SAIF and the coverages they have selected. Workers’ Compensation rates have been cut by 44%, compared to 1996 rates.
How can a School District join SAIF?

The entity’s insurance agent submits underwriting information to SAIF. SAIF will review the information to determine the district’s eligibility. If eligible, SAIF will issue a proposal. Upon acceptance of SAIF’s proposal and completion of membership documents, the district will become a member of SAIF.

To apply, contact Craig Klein at or (609) 275-1155 x138