The Hartford to Provide Commercial Insurance Coverage to NFIB - Analyst Blog

The Hartford Financial Services Group, Inc. HIG, a leading property and casualty insurer, recently collaborated with the National Federation of Independent Business (NFIB). The aim is to provide NFIB's members the best-in-class commercial insurance coverage.

NFIB is a renowned name in the small business association space, known for its assistance to small and independent business owners to own, operate and enhance their business operations. In consistence with its objective, the company decided to join hands with the property and casualty insurance giant.

As per NFIB's management, small business owners lack the requisite professionals within their organization who can help them to analyze their liabilities, identify their needs and thus find a way to resolve their issues. The Hartford is a veteran in this respect and hence its alliance with NFIB is expected to be beneficial. As per the partnership,

The Hartford will provide assistance to these small businesses and their employees to shape policy issues in order to optimize their business. The services that will be provided include Workers' Compensation, Business Owner's Policy and Business Auto Insurance. Moreover, NFIB members will be able to avail customer service round the clock from The Hartford professionals.

Small businesses are burgeoning across the nation. However, such enterprises face hassles in dealing with uncertainties owing to the absence of in-house insurance experts. The Hartford is working toward improving this scenario. It is committed to helping these small businesses tackle unexpected difficulties.

The collaboration with NFIB will enable The Hartford seeks to reach out to more number of small businesses in the U.S. It will have access to NFIB members, which should enhance company's revenues going forward.

At present, The Hartford has a Zacks Rank #3 (Hold). However, some better-ranked insurers that look impressive at current levels include Horace Mann Educators Corp. HMN, Old Republic International Corporation ORI and Radian Group Inc. RDN. All these stocks carry a Zacks Rank #1 (Strong Buy).

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