Frequently Asked Questions
- Who is EMPLOYERS®?
EMPLOYERS is a group of companies providing workers' compensation insurance and services to select, small American businesses. They understand the small business-based risks of workplace injury and accident and work hard to help protect each insured business’s bottom line. Knowledgeable, responsive underwriters, loss control experts, and claims specialists work closely with businesses to develop workers' compensation coverage, services and programs that fit their business philosophy and goals.
- Are small businesses required to have workers’ compensation insurance?
Yes, Florida law requires employers to have workers’ compensation insurance even if they only have one employee.
- How does the NFIB Workers' Compensation Program work?
EMPLOYERS offers workers’ compensation coverage to qualifying members that includes a 5% flat dividend not tied to loss experience or minimum premium. Some NFIB members insured by EMPLOYERS may be eligible for an additional policy dividend of up to 25% based on policy size and loss experience, among other factors. Flat dividends are declared only at the option of the carrier’s board of directors and cannot be guaranteed. Flat dividends from your workers’ compensation policy is just one more of the many ways NFIB membership can benefit you.
- Who is eligible for the NFIB program?
NFIB membership is required to receive the up to 30% flat dividend on EMPLOYERS insurance policies. Flat dividends are declared only at the option of the carrier’s board of directors and cannot be guaranteed. Not all members will qualify for coverage, and members can be removed from the Program based on claims experience. NFIB membership does not guarantee insurance coverage.
- How do current NFIB members access this program?
Members can access the NFIB Workers’ Compensation Program for Florida through their local, EMPLOYERS-appointed independent insurance agent or by calling EMPLOYERS directly at (866) 563-2759. Membership at the time the policy is quoted is required to qualify for the 5% flat dividend, so each business will need to provide their NFIB membership number prior to obtaining a quote.
- Can insurance agents sell NFIB memberships?
Yes, insurance agents can enroll new members at a special introductory rate of $180 using the online join code (FLWC) at: http://secure.nfib.com/membership/newmember.aspx.
- Is everyone who applies for coverage with EMPLOYERS approved to participate in the NFIB Workers’ Compensation Program for Florida?
No, applicants must first be approved for coverage after industry-specific characteristics are evaluated and at the discretion of EMPLOYERS. EMPLOYERS does not guarantee coverage. Certain classes/types of businesses are not eligible to participate in the program.
- What are some of the benefits of enrolling in the NFIB program?
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The potential to earn a flat dividend of up to 30%
- Access to additional workers’ compensation insurance services, including claims management, loss control, fraud prevention, managed care, safety and return-to-work programs (these are just a few of the benefits provided by EMPLOYERS).
- What if I want to receive a quote before joining NFIB?
Contact your local independent agent or EMPLOYERS (866) 563-2759 to request a quote. There will be an application provided with the quote that requires a member number in order to be eligible for the NFIB flat dividend. Call when you are ready to join.
- I am already insured by EMPLOYERS and want to become a member of NFIB, can I get the 5% flat dividend on my EMPLOYERS policy after I join?
Yes, when your policy comes up for renewal. Dividend eligibility, however, will not be retroactive and will only apply to the policy after renewal. NFIB membership at the time your policy incepts or is renewed is required to be eligible for the 5% flat dividend, so each business will need to provide their NFIB membership number. Again, the 5% flat dividend cannot be applied mid-term to active policies but can be applied to the renewal policy.
Insurance is offered in Florida through Employers Compensation Insurance Company, Employers Preferred Insurance Company, and Employers Assurance Company. Not all insurers do business in all jurisdictions.
