Why IRMA

Non-Profit Intergovernmental Entity

Founded in 1979, IRMA was the first municipal risk pool in Illinois, owned by 70 municipalities that have joined together to provide comprehensive property/casualty/ and workers’ compensation coverage in addition to risk management and training services.

Aggressive Investment Strategy

As an intergovernmental risk pool, IRMA is able to invest dollars much more aggressively than municipalities, averaging a 7% annual return.  Investment income is returned to members annually.

Transparent Contribution Formula and Stable Pricing

Contrary to private insurance, IRMA’s contribution formula is uniform and transparent, assisting members to plan for future budget years.  Our formula blends 5 years of financial information, including losses, so that our members avoid spikes in their annual contribution.  Our sliding scale, which caps individual member loss exposure at different levels, also protects our members from unpredictable and volatile liability exposures. 

Comprehensive Risk Management Services

Our members have access to hundreds of on line, onsite and regional trainings, model policies and daily consultation to assure risk prevention is a priority and loss mitigation is readily accessible.

No Cost Annual Appraisals

IRMA provides annual property appraisal services so members have accurate property valuations to ensure full coverage.

Early Intervention and Grant Programs

IRMA knows municipalities face budget constraints and that funds for safety equipment, policy management tools and accreditationare limited; that’s why we have grant programs that share in costs for purchases such as power cots, transportation loading systems, Lexipol Policy Management Services, Accreditation and Re-Accreditation and Injury Prevention.  In addition, our risk management professionals are available to assist our members in critical incident response. From our rapid response team to legal experts, we are here to help 24/7.

Professional Claims Administration

When losses occur, IRMA provides in-house, professional claims and litigation management services with our long tenured employees to ensure the best possible outcome for all members.

Professional, Experienced Team

We’re proud of our member retention rate of 25 years as well as our staff longevity and expertise; it reflects not only our excellent customer service, but successful claims and litigation management and risk prevention services.

IRMA is not just an insurer. It’s a partnership that provides members the total package: phenomenal coverage, outstanding management services and market stability, all at an incredible value. No other provider compares and that’s why Northfield has been a member for over 30 years.”

Stacy Sigman
Village Manager, Northfield
Charter member since 1979

“IRMA offers local government agencies the expertise to navigate complex issues through real-word approaches to problem solving. Each member community is invested in the future of the agency and makes decisions based on the needs of the constituency. In conjunction with high-quality staff members, IRMA provides exceptional customer service to each member community.”

Kathleen Gargano, Hinsdale Village Manager
(Founding Member since 1980)
IRMA Past Chair

“Belonging to a pool with a pool’s flexibility is a wonderful thing. You can’t buy the flexibility, loyalty and special attention in an insurance contract. You can’t put a price on that. Keep up the good work.”

Doris Harmon-Warren
Village of Crete Trustee