Captives

NIP Group Captive provides businesses and public entities the opportunity to control their insurance costs through the creation and management of member-owned group captive insurance companies.The primary benefits are to gain control over the availability and cost of insurance and avoid the pitfalls, peaks and valleys of insurance coverage and premiums as dictated by commercial insurers. NIP Group develops and manages these alternative insurance programs and provides most of the essential services.NIP Group currently has two self-insurance programs that it has developed and actively manages: Conventus Inter-Insurance Exchange and The Garden State Municipal Joint Insurance Fund (GSMJIF).  Conventus is a physician owned and governed medical professional liability insurance reciprocal exclusive to New Jersey physicians and surgeons. The GSMJIF is a property and casualty fund serving New Jersey municipalities.

NIP Group, Inc. 900 Route 9 North | Suite 503 | Woodbridge, NJ 07095-1003 | 800.446.7647