RICHMOND, Va., July 11, 2019 /PRNewswire/ -- Markel
Corporation (NYSE: MKL) announced today that it has added a
stand-alone employment practices liability policy customized for
professional employer organizations (PEOs) to its management
liability suite of products. PEOs provide back-office solutions for
small businesses, including payroll, benefits, HR, insurance, tax
administration, and regulatory compliance. The new policy is a
modular solution that provides liability coverage for PEOs and
their customers with separate limits available for each. Various
coverage enhancements are also available, such as third-party
coverage, workplace violence, wage and hour defense, and
immigration coverage.
The onboarding process is one of the differentiators of this
policy. It consists of an in-person meeting to introduce the
policyholder to their claims examiner, review policy features, and
deliver an overview of the risk management services offered to
PEOs.
"The management liability space is growing more complex and
creating a policy specifically for PEOs is a need we heard directly
from our customers and production partners," said Salvatore Pollaro, Managing Director, Management
Liability. "Our hope is that both the PEOs and their client
customers are better served with the custom coverages, risk
management services, and one-on-one support they get from
Markel."
The policy is presently available in all 50 states.
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.
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SOURCE Markel Corporation