About Us

On September 23, 1992, six public entities formed the New Jersey Municipal Self Insurers’ Joint Insurance Fund. These charter members joined together, pooling their resources in an effort to obtain property and casualty insurance, including workers’ compensation at a competitive price.

Each member had an ownership and a duty to define the structure and coverages that they would have, which set the stage for the next 30 years.

Currently, the fund represents members from Bergen, Burlington, Hudson, and Union Counties.  Each member retains a self insured retention of at least $50,000 or greater.

Mission Statement

NJMSIJIF is a joint insurance fund that commenced operations September 23, 1992 in an effort to provide a comprehensive insurance program to municipalities with similar exposures and risks through the pooling of resources. We strive to provide predictability and long-term stability of pricing, while managing risk through extensive safety and claims’ management programs.

How is NJMSIJIF Governed?

NJMSIJIF operates as a state regulated joint insurance fund. Its members elect a seven-member Executive Committee, which is responsible for the fund’s operations.

The day-to-day operations are the responsibility of Risk and Loss Managers, Inc. (RLM). RLM is an experienced joint insurance fund administrator with offices in West Windsor, New Jersey.

Fund Professionals

Actuary – The Actuarial Advantage, Inc.

Administrator – Risk and Loss Managers, Inc.

Attorney – Ansell Grimm & Aaron, PC

Auditor – Withum, Smith & Brown

Custodian of Funds – Kenneth MacMillan

Investment Manager – PFM Asset Management, LLC

Claims Administrator (for property coverage) –
Qual-Lynx, Inservco Insurance Services, Bergen Risk Managers, Inc., Self Insurance Management Agency

Loss Prevention Specialist – T&M Associates