WASHINGTON, Jan. 18, 2016 /PRNewswire/ -- The National Federation of Independent Business (NFIB) today announced a new relationship with Markel FirstComp, a division of Markel Service, Inc., ("Markel FirstComp") through which eligible small business owners across the country can qualify for workers' compensation insurance at competitive rates.
NFIB, which represents 325,000 local businesses in the US, named Markel FirstComp as their newest preferred provider of workers' compensation insurance coverage for its members. NFIB chose Markel FirstComp based on its financial strength, focus on small business, and its ability to customize plans to meet the needs of individual customers.
"We try very hard to give our members access to the services and products they need." said Mark Garzone, Sr. VP in charge of Marketing for the NFIB. "Competitive workers' comp coverage is critical for small business owners and this new relationship creates a real value for our members."
The NFIB/Markel FirstComp relationship offers a number of advantages for NFIB members and will offer a number of benefits* for NFIB's small business owners such as:
- Pricing credits
- Exclusive NFIB Policyholder Dividends
- Tools and information designed to enhance businesses and employees' safety
"The addition of Markel FirstComp as a provider could help our members save money on their insurance premiums and reward them for maintaining a safe work environment." said Garzone. "With Markel FirstComp, we are offering a product that provides opportunities for pricing credits and a member-exclusive dividend opportunity. Those two features can help our members improve their profitability and protect their employees."
Workers' compensation insurance is a necessity for small business owners who could otherwise lose everything because of an accident or claim. Finding the right coverage is often difficult, however, and choices are sometimes limited.
"For nearly 20 years Markel FirstComp has been focused on supporting America's small business community by offering affordable access to workers' compensation coverage and related services to protect themselves and their employees," stated Chad Bertucci, Regional President of Markel FirstComp. "We believe NFIB, through its advocacy and focus on enabling the success of small businesses, fits well with our desire to be a point of strength in the perpetuation of small business and look forward to the opportunity to partner with them."
The program will be administered by NFIB Member Services Corporation (MSC), a wholly owned, for profit, subsidiary of National Federation of Independent Business (NFIB) and MSC Insurance Agency of Tennessee, LLC., a wholly owned subsidiary of MSC. Visit MemberVantage Program for more information about NFIB member services.
NFIB is the country's leading small business advocate with offices in every state capital and hundreds of thousands of members nationwide. Founded in 1943 as a nonprofit, nonpartisan organization, NFIB gives small and independent business owners a voice in shaping the public policy issues that affect their business. NFIB's powerful network of grassroots activists sends their views directly to state and federal lawmakers through our unique member-only ballot, thus playing a critical role in supporting America's free enterprise system. NFIB's mission is to promote and protect the right of our members to own, operate and grow their businesses. For more information about NFIB, please visit http://www.nfib.com.
About Markel Specialty
Markel Specialty, a division of Markel Corporation, provides innovative insurance solutions for both commercial customers and individuals. Types of insurance offered include property and casualty, workers compensation, accident, and programs featuring industry or risk-specific coverage packages.
About Markel Corporation
Markel Corporation is a diverse financial holding company serving a variety of niche markets. The Company's principal business markets and underwrites specialty insurance products. In each of the Company's businesses, it seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting and operating profits and superior investment returns to build shareholder value. Visit Markel Corporation on the web at markelcorp.com.
Insurance products and services written or provided by subsidiaries and affiliates of Markel Corp. including, but not limited to: Markel Service, Incorporated; Markel Insurance Services; Markel Insurance Company; Markel American Insurance Company; and FirstComp Insurance Company. Rev. 1/16
*Benefit availability and eligibility varies by state, please consult a Markel FirstComp representative for details.