Group Self-Insurance Solutions

for Municipalities

Garden State Municipal Joint Insurance Fund (GSMJIF)

The Garden State Municipal Joint Insurance Fund (GSMJIF) is a property
and casualty fund serving New Jersey municipalities. The GSMJIF is one
of the largest joint insurance funds in New Jersey, whose member towns
comprise over 620,000 residents.

NIP Group established the GSMJIF as a result of the turmoil, rising costs and disappearing markets plaguing the public entity insurance market. The goal of the fund is to provide members with long-term insurance, budget stability and superior control over their risks by offering appropriate coverages with innovative safety and claims management programs. A JIF affords public entities the ability to achieve economies of scale and purchasing leverage, enabling them to obtain coverage at a lower cost than if purchased through the traditional commercial insurance market.