The National Federation of Independent Business (NFIB) and Markel FirstComp, a division of Markel Service, Inc., have formed a new relationship 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 U.S., named Markel FirstComp as their newest preferred provider of workers’ compensation insurance coverage for its members. NFIB said it 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.
Benefits of the NFIB/Markel FirstComp relationship will include for NFIB’s small business owners such as:
- Pricing credits
- Exclusive NFIB policyholder dividends
- Tools and information designed to enhance businesses and employees’ safety
Benefit availability and eligibility varies by state.
The program will be administered by NFIB Member Services Corporation (MSC), a wholly owned, for profit, subsidiary of NFIB and MSC Insurance Agency of Tennessee, LLC., a wholly owned subsidiary of MSC. NFIB is a small business advocate with offices in every state capital and hundreds of thousands of members nationwide.
Markel Specialty, a division of Markel Corporation, provides insurance 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.