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FAQ

What is REX?

REX is a nationally known wholesale broker that specializes in providing workers compensation coverage solutions to our network of producers.

Is REX still owned by Markel FirstComp?

Effective 01/01/2015, Risk Exchange was sold by Markel FirstComp and became an independently owned and operated brokerage operation.  Both Markel and Risk Exchange are convinced agents will benefit most from the added capabilities and services an independent REX can provide. 

Will FirstComp still refer accounts over to REX?

Markel FirstComp will no longer automatically refer declined submissions to REX.  If you would like REX's assistance in placing your workers' compensation submissions, you will have to submit directly to REX.

Where can I submit an account to REX?

Just click the "Get A Quote" tab at the top of any page on the website.  You can also email your submissions to submit@riskexchange.com.

Why use REX?

An insurance broker can save you money and time. Just like an accountant or lawyer who provides you with professional advice, based on years of training and experience, the REX staff can do the same with your insurance placement needs.  Most brokers charge surcharges and other fees for their services, but REX is committed to not increasing the cost of providing insurance through such fees.  

What carriers do you have access to?

We provide access to nationally-known and trusted insurance carriers.  All our markets are AM Best A-rated, standard, admitted carriers.  The list of markets we have access to is constantly changing, so it's best to give us a call to find out which markets we currently have.  You can find our contact information on the "Contact" page.

What states can you place business in?

We are a licensed broker in all 50 states.

Do you charge broker fees?

No.