RICHMOND, Va., June 2, 2017 /PRNewswire/ -- Markel
Wholesale, a division of Markel Corporation (NYSE: MKL), announced
today a job site pollution enhancement to its general liability
binding product for contractors. Available to Markel's Wholesale
binding agents, this new enhancement offers contractors coverage
for sudden and accidental job site pollution claims. The
endorsement offers a $1 million limit
for more than 100 contracting class codes.
"We consider contractors to be core customers. By offering them
more coverage, we add value to our binding agents and help
distinguish Markel as a carrier that understands the emerging needs
of this important customer segment," said Mark Schauss, Managing Director, Binding
Authority. "Markel Online—our quote, bind, and issue
portal—delivers quick and easy coverage at a fair price. In this
case, offering a $1 million limit for
pollution coverage gets our contractor customers on the job site
quickly for a modest premium."
"Developing new ways to meet the needs of contractors and our
wholesale distribution partners is a top priority for us," said
Jane Peterson, Executive
Underwriting Officer. "This enhancement to our GL offering is an
example of our commitment to product innovation in the binding
space."
Markel's Wholesale binding producers can now access this
coverage for small commercial contractors at markelonline.com. The
insuring entity is Evanston Insurance Company, and the coverage is
sold on an excess and surplus lines basis.
About Markel Corporation
Markel Corporation is a
diverse financial holding company serving a variety of niche
markets. The Company's principal business markets and underwrites
specialty insurance products. In each of the Company's businesses,
it seeks to provide quality products and excellent customer service
so that it can be a market leader. The financial goals of the
Company are to earn consistent underwriting and operating profits
and superior investment returns to build shareholder value. Visit
Markel Corporation on the web at markelcorp.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/markel-adds-job-site-pollution-enhancement-to-general-liability-product-for-contractors-300468068.html
SOURCE Markel Corporation