New Jersey Schools Insurance Group Revenue and Competitors

The New Jersey Schools Insurance Group ("NJSIG") is a public entity insurance group, also known as a self-insurance pool, established in accordance with P.L. 1983, c. 108, that provides insurance coverage and risk management services to member school districts. The concept of pooling is one whereby public entities can join together to provide protection from risks on a group basis. By joining NJSIG, members collectively attain benefits not possible individually and pool their premiums into a common fund to be used for the benefit of all member districts. NJSIG is comprised of approximately four hundred boards of education and charter school districts, and offers members a cost-effective method of obtaining coverage for the following lines: workers' compensation, general liability, automobile liability, excess liability, property, error and omissions, bonds, crime, electronic data processing, environmental liability, equipment breakdown, and auto physical damage coverages. NJSIG provides claims administration, underwriting and loss control services for members. Our Mission: The mission of the New Jersey Schools Insurance Group (NJSIG) is to be the premier provider of insurance and risk management solutions for school districts in the State of New Jersey. Our History: In 1983, 38 New Jersey school districts joined to create a workers’ compensation partnership under the sponsorship of the New Jersey School Boards Association. By 1988, the membership had expanded to 90 districts, necessitating the Group’s acquisition of its own staff. Since then the Group has grown steadily, and is still overseen by a board of trustees comprised of board members, superintendents and business administrators from member districts. The NJSIG Board of Trustees meets seven times annually. Please see the following for the Trustee Meeting Schedule and Minutes. Through this growth, however, one thing remains constant: We strive to keep more dollars where they belong: IN THE CLASSROOM.