How it Works

How it Works

What is a JIF?

A JIF brings together a number of local governments to 1) create the critical mass needed for self-insurance, 2) jointly purchase the excess insurance needed to cover large claims and 3) create the specialized administration needed to effectively manage the program.

The JIF system created by PERMA in New Jersey consists of 19 separate JIFs that collectively cover more than 60 percent of the local governments in the state. With an annual budget of $185 million and a statutory surplus of $110 million, New Jersey's MEL system is the largest governmental self-insurance pool for property casualty in the country.  We are now building a similar program for counties.