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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 22 New Jersey municipalities.
The GSMJIF is one of the largest
joint insurance funds in New Jersey, whose member towns comprise over 670,000 residents.
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
a stable, long-term and cost effective alternative to commercial insurance.
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.
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