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TORONTO--(BUSINESS WIRE)-- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE: MKL), today announced the launch of its Contractors & Trades sector, providing brokers with a dedicated insurance proposition for contractors, trades and specialist construction-related businesses.
Building on Markel’s established environmental liability and property and casualty expertise, the new sector brings together casualty, property and selected specialist coverage within a coordinated underwriting proposition. The offering is designed to help brokers place multi-line contractors and trades risks through a more streamlined and clearly defined solution.
Markel’s initial appetite encompasses a broad but disciplined range of contractors, trades and specialist construction-related businesses. Further details are provided in the Notes to Editors section below.
The product scope includes Commercial General Liability, Excess Liability and property coverage, together with options for contractors’ equipment, tools and installation floaters. Depending on the individual risk and exposures presented, brokers may also be able to access specialist protection for pollution and professional liability exposures through Contractors Pollution Liability and E&O. Additional features may include business interruption, equipment breakdown, and selected coverage enhancement.
To complement the insurance proposition, Markel has partnered with ARAG Legal Solutions Inc. to provide policyholders with access to legal and risk management resources. These services include a legal helpline, contract review support, HR assistance resources, and a legal document centre.
“Contractors and trades businesses face a combination of operational, contractual, environmental and professional exposures that cannot always be addressed effectively through a standard insurance offering,” said Andrew Poulton, Vice President, Sectors. “Our Contractors & Trades proposition brings together our core casualty, environmental and property capabilities with specialist expertise where the exposure requires it. This gives brokers a clearer route into Markel, a broader package solution for suitable risks and an underwriting approach grounded in a defined and disciplined appetite.”
The launch reflects Markel Canada’s continued commitment to developing specialist propositions around the needs of brokers and their clients. The initial offering is focused on contractors and trades package business and is not intended to operate as a broad construction project or project-specific products solution.
For more information, brokers can contact their Markel representative or visit www.markel.ca.
Notes to EditorsExamples of businesses within the Contractors & Trades appetite include:
About MarkelWe are Markel Insurance, a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE: MKL), we leverage a broad array of capabilities and expertise to create intelligent solutions for the most complex specialty insurance needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide.
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