NIP Group

What NIP Group does

NIP Group, Inc. is a US-based specialty insurance program administrator and managing general agent headquartered in Iselin, New Jersey, with additional offices in Palm Beach Gardens, Florida, and payment operations in Philadelphia. Founded in 1989 (firmographics list 1987), the company distributes comprehensive package and monoline commercial insurance products exclusively through insurance brokers and agents across 25+ industries and 50+ classes of business, including service contractors, specialty contractors, trade contractors, agriculture, healthcare, and public entities. Its product portfolio is organized into the Pro Series of industry-specific package programs (TreePro, LandPro, PoolPro, UtilityPro, SitePro, PropanePro, GrowPro, CivicPro, StudyPro) and the Edge Series of monoline products (FleetEdge, LiabilityEdge, PropertyEdge, UmbrellaEdge, WorkCompEdge, EquipmentEdge), all backed by A.M. Best A+ (Superior) or A- (Excellent) rated carriers. The company also operates Conventus, a medical professional liability exchange for New Jersey physicians, and Conventus-related public entity programs. Underwriting authority is held in-house, with dedicated program managers holding CPCU and AFIS credentials and 550+ combined years of underwriting experience across the specialty verticals.

NIP Group's business model generates revenue through insurance premiums, commissions, and program administration fees, with pricing based on minimum package premiums (ranging from $10,000 for LandPro to $125,000 for StudyPro) and quote-based annual billing with flexible payment plans. The go-to-market motion is 100% broker channel, supported by broker-facing content marketing, white-label materials, webinars, and direct outreach through dedicated program managers. The company has stated 48-hour quote turnaround with complete submission and a 90% client renewal rate on the TreePro book in 2024. The company is publicly traded under ticker NIPG with reported SEC filings, and in 2025 announced expansion into Bitcoin mining (targeting ~11.3 EH/s hash rate) and a digital entertainment acquisition (Wuhan Young Will Ltd., a short-form video talent management company), establishing a new digital assets division. Note: some third-party news sources describe NIP Group as an Abu Dhabi-based digital entertainment company; the firm's own website and corporate filings identify NIP Group, Inc. as the US specialty insurance provider described here.

Name

NIP Group

Legal name

NIP Group, Inc.

Website

https://nipgroup.com

Company type

Public

Founded year

1989

Operating status

Operating

Headcount range

251–500 employees

Short description

NIP Group is a US-based specialty insurance program administrator and managing general agent that distributes package and monoline commercial coverage through brokers across 25+ industries including contractors, agriculture, healthcare, and public entities.

Ownership category

akta.pro rank

Product category

Specialty Commercial Insurance

NAICS

Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242), All Other Insurance Related Activities (524298)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

Keywords

• Specialty commercial insurance
• Program administration services
• Managing general agent
• Commercial underwriting
• Insurance broker distribution

Headquarters

HQ city

Woodbridge

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Insurance Premiums: NIP Group earns revenue as a managing general agent and program administrator by underwriting and administering specialty insurance programs for service contractors, specialty contractors, trade contractors, agriculture, healthcare, and public entities. Revenue is generated through insurance premiums collected from policyholders.
2. Program Administration Fees: Fees collected for administering insurance programs and providing underwriting, claims handling, and risk management services to brokers and their clients.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

NIP Group operates as a specialty insurance program administrator and managing general agent (MGA), designing, underwriting, and distributing industry-specific commercial insurance programs (Pro Series) and monoline products (Edge Series) exclusively through insurance brokers. The Pro Series packages include TreePro, LandPro, PoolPro, UtilityPro, SitePro, PropanePro, GrowPro, CivicPro, and StudyPro, while the Edge Series offers FleetEdge, LiabilityEdge, PropertyEdge, UmbrellaEdge, WorkCompEdge, and EquipmentEdge monoline coverages. Together these products serve 25+ industries and 50+ classes of business across construction, agriculture, healthcare, and public entities.

Product overview

NIP Group is a specialty insurance program manager offering a comprehensive portfolio of industry-specific insurance programs (Pro Series) and monoline commercial insurance products (Edge Series). The Pro Series includes branded programs like LandPro (landscaping), TreePro (tree service), GrowPro (greenhouse/nursery), UtilityPro (utility contractors), SitePro (grading/excavation), PoolPro (pool contractors), PropanePro (LPG distributors), CivicPro (municipalities), and StudyPro (schools). The Edge Series provides monoline products including FleetEdge (commercial auto), LiabilityEdge (general liability), PropertyEdge (property), UmbrellaEdge (umbrella/excess), WorkCompEdge (workers compensation), and EquipmentEdge (contractors equipment). Together, these products serve 25+ niche industries and 50+ classes within construction and agricultural sectors, backed by A.M. Best A+ rated carriers.

Differentiator

Problem solved

Functional benefit

Brands

• TreePro: Insurance program for tree service professionals, arborists, and utility line clearance contractors.
• LandPro
• PoolPro
• UtilityPro
• PropanePro
• SitePro
• CivicPro
• StudyPro
• Conventus
• GrowPro

Products and services

• TreePro All-lines coverage insurance program designed specifically for tree service professionals, arborists, and utility line clearance contractors, including specialized options for wildfire, crane, and competitive auto liability. Workers' Compensation Minimum Premium of $50,000; Package minimum varies. Distributed exclusively through insurance brokers.
• LandPro All-in-one landscaping, lawn care, and snow removal insurance package with auto coverage for landscapers, including coverage for irrigation, hardscaping, and field turf installation. Minimum Package Premium of $10,000. Distributed exclusively through insurance brokers.
• PoolPro Insurance package for pool builders and service contractors covering installation, construction, servicing, and repair of pools, spas, and hot tubs. Minimum Package Premium of $25,000. Distributed exclusively through insurance brokers.
• UtilityPro Insurance program for utility contractors covering power line transmission, communication line construction, water/sewer/gas line operations, with wildfire protection available nationwide. Distributed exclusively through insurance brokers.
• SitePro Insurance program for grading, excavation, and site preparation contractors covering heavy equipment, property, and inland marine. Minimum Package Premium of $25,000 for excavation contractors. Distributed exclusively through insurance brokers.
• PropanePro Insurance program for liquid petroleum gas distributors covering retail delivery, sales of propane/butane to residential, commercial, industrial, and agricultural customers. Carrier rated A- (Excellent), Financial Size XV by A.M. Best. Distributed exclusively through insurance brokers.
• GrowPro Greenhouse insurance program for greenhouse growers, nurseries, garden centers, hydroponic farms, and vertical farm operations. Distributed exclusively through insurance brokers.
• CivicPro National insurance program for U.S. cities and towns serving 100,000+ populations with fixed and loss-sensitive structures. Minimum Package Premium of $100,000. Distributed exclusively through insurance brokers.
• StudyPro Insurance program for larger K-12 public school districts with student enrollment of more than 5,000, providing creative alternatives to traditional first dollar insurance coverage. Minimum Package Premium of $125,000 with minimum self-insured retentions of $50,000 per occurrence/claim. Distributed exclusively through insurance brokers.
• Conventus Medical Professional Liability Medical professional liability insurance for physicians and surgeons in independent practice in New Jersey, underwritten through Conventus Inter-Insurance Exchange. Distributed exclusively through insurance brokers.
• FleetEdge Monoline commercial auto insurance targeting service, specialty, trade, and utility contractors, and greenhouse/nursery growers, accepting fleets from 5 to 500 vehicles. Distributed exclusively through insurance brokers nationwide.
• LiabilityEdge Monoline commercial general liability insurance for trade contractors, specialty contractors, and greenhouse growers with tailored solutions nationwide. Distributed exclusively through insurance brokers.
• PropertyEdge Monoline commercial property insurance serving construction and agricultural sectors with TIVs up to $100 million, including business income, boiler & machinery, and equipment breakdown coverage. Distributed exclusively through insurance brokers.
• UmbrellaEdge Monoline umbrella and excess liability insurance with limits up to $25 million for utility contractors and $5 million for others. Distributed exclusively through insurance brokers.
• EquipmentEdge Monoline contractors equipment insurance covering owned, leased, rented, or borrowed equipment with installation floater and builders risk options. Distributed exclusively through insurance brokers.
• WorkCompEdge Monoline commercial workers compensation liability insurance for NIP Group's specialty contractor and agricultural segments. Distributed exclusively through insurance brokers.

Quantifiable outcome

• 90% of tree service clients renewed in 2024
• +1 more outcomes

Named customers6 records

Segments11 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• SedgwickcoreOthersNIP Group partners with Sedgwick, the global leader in claims management, to provide claims handling services. Through this partnership and NIP Group's in-house claims team, the company ensures efficient and pleasant claims experiences for insureds with minimal business disruption.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• CRC Group: US specialty wholesale insurance distributor and MGA offering proprietary programs across niche commercial verticals via retail brokers. Directly comparable business model to NIP Group.
• Amwins Group: The largest specialty wholesale broker and managing general agent in the US, distributing through retail brokers. Highly comparable as a specialty MGA/program administrator with similar broker-distributed distribution model and broad industry vertical coverage.
• IAT Insurance Group: Specialty commercial insurance carrier with program business across niche contractor and agricultural verticals. Comparable as a specialty underwriter serving similar contractor/program broker distribution.
• Burns & Wilcox: Specialty insurance wholesale broker and MGA with proprietary programs across commercial and personal lines. Comparable to NIP as a program administrator serving niche industries via the wholesale/broker channel.
• RPS (Risk Placement Services): Specialty insurance wholesale broker and binding authority writer serving niche commercial verticals. Comparable to NIP's MGA/program administrator model and is also referenced as a NIP broker partner.

Broad incumbents

• Hiscox: Specialty commercial insurer focused on small business and niche verticals, distributed partly through brokers. Comparable to NIP's niche vertical specialization, though at larger scale.
• Markel Corporation: Specialty insurer with significant program and MGA operations across niche commercial verticals including contractors. A larger, publicly traded incumbent with overlapping specialty insurance capabilities.
• Zurich North America: Large multi-line P&C carrier with significant specialty contractor and program business through broker distribution. A broad incumbent competing with NIP for specialty contractor accounts.

Emerging players

• Accelerant Holdings: Technology-enabled specialty insurance platform serving MGAs and program administrators. Adjacent peer as a modern MGA enablement platform serving similar specialty verticals.

Others

• Sedgwick: Global claims management partner to NIP Group. Adjacent ecosystem participant providing third-party claims services to specialty insurers and MGAs including NIP.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/nipprograms
• Facebookfacebook.com/417471475129397

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NIP Group