Facing 8.9 percent statewide rate increase, qualified Florida small businesses can take advantage of upfront discount; NFIB members potentially eligible for additional 5 percent flat dividend

RENO, Nev.--(BUSINESS WIRE)--Dec. 14, 2011-- The Florida Office of Insurance Regulation has approved EMPLOYERS’ request to provide qualified Florida small businesses with an instant 5 percent discount on workers’ compensation policies in EMPLOYERS’ instant online quoting classes beginning January 1. Just in time for 2012 policy renewals, and ahead of the pending 8.9 percent statewide workers’ compensation rate increase, EMPLOYERS is among the first insurance carriers currently approved to provide Florida businesses upfront savings.

Given the persistent economic uncertainty and continuous need for businesses to intelligently manage both costs and risk, EMPLOYERS’ discount enables businesses to lock in savings up front, rather than wait for a dividend payment at the end of the year. In addition to the other dividend offerings from EMPLOYERS, National Federation of Independent Business (NFIB) members in Florida can take advantage of an additional 5 percent flat dividend through EMPLOYERS, further enhancing their cost savings.

Florida Independent Agents Are Already Helping Clients Take Advantage of EMPLOYERS’ Discount

“EMPLOYERS’ up-front 5 percent discount comes at the right time for Florida businesses facing a nearly nine percent workers’ compensation rate increase,” said Ed Chinault, Branch Manager at Heacock Insurance in Lakeland, Fla. “As smart business owners, our clients want to work with carriers that deliver optimum value when it comes to both service and cost. EMPLOYERS is a well-established workers’ compensation provider in Florida and many of our clients are already taking advantage of this opportunity.”

Both new and renewing policies incepting on or after January 1, 2012, and written in one of EMPLOYERS’ Instant Online Quoting classes, will receive an immediate 5 percent discount off workers’ compensation base rates. Florida small business decision-makers should contact their independent insurance agent to learn more. They can also call EMPLOYERS at 1-888-682-6671 or e-mail customersupport@employers.com for more information.

“EMPLOYERS believes in Florida’s small businesses, which is why we’re changing the game and offering a discount to eligible businesses up front,” said Mark Hogle, senior vice president, regional manager of the Eastern region. “Heading into the new year, businesses want to focus on how they are going to keep costs down and grow. By providing the 5 percent discount up front in addition to our other dividend offerings, including the 5 percent flat dividend for NFIB Florida members, we’re providing savings that can really make a difference.”

For more information about the NFIB’s discounted workers’ compensation program through EMPLOYERS, NFIB members should call 1-866-563-2759 or visit www.nfib-employers.com. Small businesses can also learn how to become an NFIB member by visiting www.nfib.com or calling 1-800-634-2669.

About Employers Holdings, Inc.

Employers Holdings, Inc. (NYSE: EIG) is a holding company with subsidiaries that are specialty providers of workers' compensation insurance and services focused on select small businesses engaged in low-to-medium hazard industries. The company, through its subsidiaries, operates throughout the United States. Insurance is offered by Employers Insurance Company of Nevada, Employers Compensation Insurance Company, Employers Preferred Insurance Company, and Employers Assurance Company, all rated A- (Excellent) by A.M. Best Company. Additional information can be found at: www.employers.com.

Copyright© 2011 EMPLOYERS. All rights reserved. EMPLOYERS® and America's small business insurance specialist.® are registered trademarks of Employers Insurance Company of Nevada.

Source: Employers Holdings, Inc.

Employers Holdings, Inc.
Media:
Ty Vukelich, 775-327-2677
Vice President, Corporate Marketing
tvukelich@employers.com
or
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Vicki Erickson, 775-327-2794
Vice President, Investor Relations
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