The Garden State Municipal Joint Insurance Fund (GSMJIF) is a property and casualty fund, formed pursuant to N.J.S.A. 40A:10-36, currently serving 38 New Jersey municipalities covering 12 counties spanning the state.
The GSMJIF was formed in 2002 by NIP Group, Inc. in response to the lack of affordable commercial insurance for municipalities. The primary objective of the GSMJIF is to provide its members with a secure, long-term and cost effective risk management program that will help maintain municipal budget stability year over year. The GSMJIF achieves this objective by implementing the best risk, underwriting, claims and litigation management practices, which improve public and employee safety and lower the ultimate cost of risk. Each of these disciplines is overseen by internal, highly experienced managers who work closely with outside service providers and members to achieve best-in-class results.