Introduction to PARSAC
We were formed in 1986. Our mission was to provide liability coverage in response to the insurance crisis that eliminated commercial coverage for cities. Today, PARSAC is a statewide, risk sharing Joint Powers Authority (JPA) providing comprehensive coverage to cities, towns and non-municipal public agencies throughout California. PARSAC management and staff are solely focused on our members and their needs.
We provide a self-funded liability program for general liability, public officials’ errors and omissions, auto liability and employment practices liability coverage. We have a variety of additional coverage programs including self-funded workers’ compensation, group purchase property, special events, fidelity bonds, cyber liability and ancillary benefits
We focus on managing and maintaining a financially stable risk sharing pool for members. Our board of directors remains committed to a conservative funding and investment philosophy. This approach works as both self-funded programs are funded in excess of the 90% confidence level.
We design our programs to meet members’ changing needs. We continually strive to expand and/or add programs as member needs change. Please click the links below for program specific information.
Need more information, contact us at (800) 400-2642.