OSBA bond program

OSBA Bond Program

The Ohio Revised Code requires certain school district employees to be bonded. School districts also opt to cover additional employees who handle money and enter into financial transactions. Hear how the OSBA Bond Program offers schools an easy and direct method to purchase bonds to meet the state's legal requirements.

Member benefits

  • Superior financial strength of surety
  • Professional program manager with experienced licensed staff
  • Fulfills Ohio bonding requirements for school districts

Types of bonds:

Treasurer Bonds (Public Official Bond)
The Public Official Bond for treasurers is a surety bond which guarantees a treasurer will perform the duties of office faithfully and honestly.  In most cases, a surety bond is required in order to hold the position. While duties may vary by position and applicable law, a treasurer is obligated to act in the public’s best interest at all times and may be held personally accountable for the duties and responsibilities of that position.

This bond assures the recovery of financial loss incurred by a school district that results from a treasurer’s non-compliance with state regulations and ordinances.
Click here for Treasurer Bond application.

Business Manager Bonds (Public Official Bond)
The Public Official Bond for business managers is a surety bond which guarantees a business manager will perform the duties of office faithfully and honestly.  In most cases, a surety bond is required in order to hold the position. While duties may vary by position and applicable law, a business manager is obligated to act in the public’s best interest at all times and may be held personally accountable for the duties and responsibilities of that position.

This bond assures the recovery of financial loss incurred by a school district that results from a business manager’s non-compliance with state regulations and ordinances.
Click here for Business Manager Bond application.

Position Bonds (Public Official Schedule Bond)
Position Bonds are surety bonds which guarantee the performance of covered persons in positions specifically scheduled on the bond as provided by the school district on the application (i.e. superintendent, board president, secretaries; any employee except the treasurer; excludes volunteers such as PTA members).
Click here for Position Bond application.

Program administrator
The OSBA Bond Program is administered by Hylant Administrative Services (HAS), a leading program administrator in the Midwest. HAS teams with highly rated insurance carriers, reinsurers and other partners to provide comprehensive products and services as a program manager and pool administrator. HAS employs experienced professionals with sound expertise, disciplined decision making and professional service delivery, all aimed at helping clients build financial strength and ensure long term stability. 

Program underwriter
The OSBA Bond Program is underwritten by Travelers Insurance. Travelers Casualty and Surety Company of America is consistently given high ratings by independent rating services including A.M. Best, Moody’s and Standard and Poor’s for financial strength and claims paying ability.

  CONTACTS
  Administrator

  Hylant Administrative Services LLC
811 Madison Avenue
P.O. Box 2083
Toledo, Ohio 43603-2083
Toll Free: 1-800-249-5268
Fax:  419-259-6099  

Underwriting
Submit all applications, changes, cancellations and questions to:

Christine Cobourne
T:(419)724-1986
F:(419)259-6099

OSBA staff liaison
Janice Smith
Chief Financial Officer