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Insurance Discounts, Credit Card Savings and More: 10 Benefits of NFIB Membership

nfib membership benefits

As a small business owner, you strive to give your business its best chance of success. And many times, savings on things like regular expenses or access to free information can make a big difference.

The National Federation of Independent Business (NFIB) [1] is an organization that offers exactly those benefits to small business owners. Below we detail several of the key NFIB membership benefits that you may not even know about.

NFIB Membership Benefits

Financial Services Savings

NFIB works with trusted suppliers to offer discounts on a variety of business related services. For instance, you can realize significant savings on credit card processing. According to NFIB, members save an average of $1,200 annually on credit card processing. You can also receive discounts on things like tax filing, a payroll system and background checks.

Commercial Insurance Comparison Tools

Procuring the right business insurance for your particular needs can be both complicated and expensive. But NFIB gives its members tools that allow them to compare quotes from multiple providers. By becoming a member, you can rest assured that your business has access to a variety of insurance products from workers’ compensation to business auto, all at great rates.

Access to Cost Effective Personal Insurance

As you know, business owners have more to worry about than just their business. You also have personal expenses and insurance needs. NFIB members receive access to cost effective insurance solutions for their individual needs, from home and auto to individual health insurance and life insurance plans.

Free HR Support and Resources

Building a solid team and/or managing your existing employees is no easy task. There are plenty of state and federal regulations of which you need to be aware. When trying to manage your human resources department, you can benefit from NFIB’s large library of hiring and HR related forms and resources. The organization offers things like hiring forms, FAQ’s, legal guides, sample interview questions, webinars, posters and more. You can use all of these to make sure that your business is compliant and that you’re building the best possible team.

Payroll Services

In addition, members of the NFIB have access to discounts on payroll services, as well as access to training and other premium features. You can work with suppliers like XpressPayroll and PowerPayroll and receive 10 percent off their regular rates. You can also get your setup, training and installation fees waived with membership. In doing so, you ensure that you’re not only saving money but that you’re also fully aware of all the features and processes of your payroll provider. This can help avoid difficulties down the road.

Discounts on Equipment and Supplies

NFIB members save on tangible items for their business through discounts on everyday things like uniform rentals, vehicles, computer systems and more. In fact, NFIB states that members can save up to 70 percent off standard uniform rental rates. You can also save 35 percent or more on some computer systems.

Travel Savings

If you do any traveling for your business, or if you regularly send any of your team members on business trips, you can save on those expenses with NFIB membership as well. The organization offers a 20 to 40 percent discount on the lowest published rates for select hotel rooms.

Access to the Latest Research and Business Updates

NFIB regularly shares news, updates and research that are relevant to your business. As a member, you receive expert resources and information that you can use to grow your business. The organization shares must-read updates about laws and regulations, marketing ideas, leadership tips and research that apply to small businesses in a variety of industries.

Business Advocacy Services

NFIB’s primary mission is to advocate for small business owners when it comes to state and federal laws and regulations. Membership supports these efforts and gives you the ability to share your input, which impacts the organization’s efforts in a way that ultimately helps your business.

Credibility for Your Business

As a member, you have the opportunity to display the NFIB member badge on your storefront, website and other marketing materials. Doing so shows your customers, potential collaborators, colleagues and anyone else visiting your business that you are a credible business that has professional affiliations with organizations like NFIB. This can also help you network with other business owners and professionals who are also members of NFIB.

Benefits [2] Image via Shutterstock