Garden State Municipal Joint Insurance Fund

The Garden State Municipal Joint Insurance Fund (GSMJIF) is a property and casualty insurance fund serving municipalities throughout the state of New Jersey. The GSMJIF is one of the largest joint insurance funds in New Jersey in terms of population, currently serving 36 New Jersey municipalities, comprising more than 1 million residents.

A joint insurance fund is the pooling of resources by two or more public entities for the purpose of achieving economies of scale and purchasing leverage, thereby obtaining insurance protection at a lower ultimate cost than if purchased through the traditional insurance market. The GSMJIF was formed in 2002 in response to the lack of affordable commercial insurance for municipalities. The primary objective of the GSMJIF is to provide its members with long-term insurance, budget stability and superior control over their risks by offering appropriate coverages with innovative safety and claims management programs. The GSMJIF achieves this objective by implementing the best risk and claims management practices, which improve public and employee safety and lower the ultimate cost of risk.


  • In 2001 NIP Group addressed the insurability of municipalities with 10,000-100,000 residents
  • GSMJIF formed on 2-1-2002 with five founding members
  • Since inception, the Fund has increased in size by more than 500%
  • GSMJIF grew to the largest local JIF in New Jersey in terms of population with over 900,000

Coverage Offerings

  • Excess Workers’ Compensation
  • Excess General Liability
  • Excess Auto Liability
  • Excess Public Officials Liability
  • Excess Employment Practices Liability
  • Property Coverage (including Auto Physical Damage), Boiler & Machinery
  • Crime (with Position Bonds)
  • Cyber Liability
  • Excess Law Enforcement Liability
  • Non-Owned Aircraft Liability
  • Pollution & Tank Liability (on an optional basis)


The GSMJIF is a statewide New Jersey Fund, targeting the suburban municipality with the following characteristics:

  • Homogeneous in size and operations to existing members
  • Favorable five year loss history
  • Population between 10,000 and 100,000
  • Willingness and commitment to participate in Fund activities and development

For more information, visit the Garden State Municipal JIF website at

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