Valley Schools was created in 1987 by school districts through an intergovernmental agreement pursuant to ARS 11-952 as a not-for-profit entity, to allow public entities to jointly purchase insurance and pool insurance risks. The Valley Schools Management Group (VSMG) is a not-for-profit entity which provides professional management of insurance pools and trusts.
A public entity pool is not an insurance carrier or vendor, it is a not-for-profit, separate legal entity formed pursuant to A.R.S. 11-952.01 by an Intergovernmental Agreement. Valley Schools Employee Benefits Trust (VSEBT) is not a vendor of benefits, rather it professionally purchases benefits through tough contract negotiation, specialized staff and a larger member group than individual school districts could achieve.
Valley Schools Management Group has several trusts and pools it manages, including the:
Valley Schools Worker’s Compensation Pool (VSWCP)
Valley Schools Insurance Trust (VSIT) which handles property and liability insurance
and the Valley Schools Employee Benefits Trust (VSEBT) which provides health, dental, life, short term disability, vision, COBRA, and other employee benefits.
VSMG also provides other services, such as building construction management and utility cost reduction programs.