The product facts behind the view.
- Conventus offers medical professional liability insurance for New Jersey physician practices, with related protections described in its product material. [1]
- NIP’s physicians-and-surgeons page identifies Conventus Inter-Insurance Exchange for New Jersey independent physician practices. [2]
- Conventus lists medical doctors, doctors of osteopathic medicine and podiatrists, with certain nonphysician providers eligible when working for an insured physician member. [4]
- Its current product page identifies medical professional liability and additional cyber or breach response, HIPAA defense, practice billing defense, regulatory-board defense and employment-practices coverages. [1]
- The FAQ describes conditions for tail coverage and says dividends and return of owner capital depend on earnings and required approvals. [4]
Questions to resolve before binding.
Use these illustrative scenarios to review a proposal. They are questions to ask, not statements that a loss is covered.
A physician joins the practice next month
Has that individual been underwritten, and what prior acts or retroactive date is needed? Review the joining date and existing coverage before assuming the group policy applies.
A physician retires or leaves the group
Does the proposed tail arrangement meet the applicable conditions, and who pays for it? Compare individual and group responsibilities in writing.
The practice adds a new procedure
Does the change alter eligibility, classification or policy terms? Disclose the procedure and participating providers before it starts.
Where the program lists availability.
NIP and Conventus describe a New Jersey physician market. The regulator report identifies authorization in New Jersey; individual eligibility still requires underwriting review. [2]
NJ
State inclusion alone does not establish eligibility for a particular risk, coverage or effective date.
A better submission starts here.
Published requirements and notices
- Before a new physician's start date, submit a completed application for that physician even if they intend to obtain professional coverage elsewhere; Conventus coverage requires individual underwriting review and acceptance. [4]
- Notify the broker or Conventus underwriting immediately when the nature of the practice, specialty, group affiliation or policy limits changes. [4]
- When a physician leaves the group, notify the broker or Conventus underwriting; claims-made continuity and any tail arrangement must be addressed. [4]
- A qualifying event for the Owner Benefit Plan must be reported in writing within the applicable plan timetable; the FAQ describes prior/current-calendar-year rules and assignment of contribution rights. [4]
Hedge’s preparation guidance for this placement:
- Identify each physician and nonphysician provider, specialties, procedures, locations and group relationships.
- Provide prior policy forms, retroactive dates, claims history and any anticipated joining, departure or retirement dates.
- Review required capital contributions, membership terms and extended-reporting arrangements separately from premium.
Include the named insured, locations, requested lines and limits, effective date, existing applications and available loss information. Start with what you have; we can identify what is missing.
Legal entities and underwriting.
The market name, licensed producer and insurance company can be different entities. These are the names and roles identified in the cited disclosures.
Conventus Inter-Insurance Exchange [5]
Reciprocal insurer identified by the New Jersey regulator
Domicile or place of incorporation: New Jersey
- NAIC
- 11535
NIP Management Co. LLC [5]
Attorney-in-fact identified in the 2023 regulatory examination
NIP Group, Inc. [5]
Parent of the attorney-in-fact and marketing organization identified in the regulatory examination
The regulator report examines the exchange as of December 31, 2023 and was filed in May 2025. It distinguishes the reciprocal insurer from its attorney-in-fact and NIP parent. Confirm the current policy and membership documents for the proposed transaction. [5]
Registration and license details identify an entity and its role. They do not by themselves establish that a particular product, state, limit or account is eligible.
The practical questions.
How do I get a quote with Conventus?
Choose “Get a quote with Conventus” and tell us about your client. Hedge carries your market selection into the submission, helps complete the account and works on the available terms. You can review the proposal before making a coverage decision.
Does this profile confirm my account is eligible?
The published specialties are a starting point. State, business activity, loss history, requested coverage, limits and effective date can change eligibility. Review the published state information above and confirm the current product details for your account. The actual proposal and policy forms determine coverage.
Is this an independent rating of Conventus?
No. Hedge is an insurance intermediary and has a commercial interest in helping agents place business. Our commentary explains the placement questions we draw from the cited material. It does not report a customer satisfaction score, firsthand claims experience or an endorsement by Conventus.
Read what we read.
Product facts were checked against the official material below on November 1, 2026. Our commentary is identified as Hedge’s analysis. Market websites and underwriting terms can change.
- Conventus medical professional liability and related coverages ↗Checked November 1, 2026
- Conventus Physicians & Surgeons official product information ↗Checked November 1, 2026
- NIP Group operating identity ↗Checked November 1, 2026
- Conventus eligibility, policy changes and membership FAQ ↗Checked November 1, 2026
- NJ examination of Conventus as of December 31, 2023, filed May 2025 ↗Checked November 1, 2026
Published by Hedge Specialty. Send a correction if a product or program has changed.
What stands out, and why it matters.
Eligibility depends on the provider and its relationship to the practice.
The FAQ identifies eligible physician types and links eligibility for certain nonphysician providers to an insured physician member. [4]
List everyone treating patients and disclose new specialties or procedures before they begin. A group policy or practice name does not establish that a newly added professional has been accepted.
Policy continuity matters when a physician moves or retires.
Conventus describes claims-made tail arrangements and conditional no-additional-cost tail for death, disability or retirement. [4]
Compare retroactive dates, reporting obligations and the conditions for any retirement benefit. Ask for the actual terms when a physician joins, leaves or changes coverage; do not treat a general FAQ as automatic eligibility.
Membership economics are separate from the insurance limit.
Conventus says dividends and returns of owner capital depend on earnings, plan rules and approvals. [4]
Request the membership and contribution documents with the insurance proposal. An expected future distribution should not be used as a guaranteed premium reduction when comparing this option with another insurer.