Markel Corporation has introduced Markel Management Liability, an integrated suite of coverages including directors’ & officers’ liability, employment practices liability, and fiduciary liability. The coverages are available as a package policy or as stand-alone coverages.
Markel Management Liability protects insureds against a wide range of exposures arising from allegations of mismanagement from shareholders, employees, and regulatory bodies.
This admitted, claims-made package currently targets small-to-middle market, private organizations with up to $750 million in revenue. Coverage availability will expand to include nonprofit organizations and publicly-traded companies soon. Markel entertains all industry classes for management liability coverage, except financial institutions. Admitted, excess coverage forms are also available.
Source: Markel