The New Jersey Schools Insurance Group (NJSIG) is a public entity insurance group that provides insurance coverage and risk management services to member school districts in New Jersey. Established in 1983, NJSIG operates as a self-insurance pool, allowing public entities to join together to collectively protect themselves from risks. Governed by a Board of Trustees comprised of School Board members, Superintendents, and Business Administrators, NJSIG offers a cost-effective method for member districts to obtain coverage for various lines, including workers' compensation, general liability, property, and cyber liability.
With approximately four hundred boards of education and charter school districts as members, NJSIG provides claims administration, underwriting, and safety and risk control services. The organization aims to pool premiums into a common fund to benefit all member districts, allowing them to collectively attain benefits that would not be possible individually. NJSIG's commitment to specialized focus and expertise in serving New Jersey schools has resulted in significant returns to its members, including safety grants and surplus returns.
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