Source: Markel Corporation – Manufacturing Insurance
Markel Corporation: Manufacturing Insurance Appetite
Markel is a critical E&S market for manufacturers that standard carriers won't write – those with complex products liability, adverse loss history, or environmental exposure. Their underwriting team has genuine manufacturing expertise and can craft coverage that BOP programs simply cannot.
Available Lines
| Line of Business |
|---|
| General Liability |
| Commercial Property |
| Products Liability |
| Umbrella/Excess |
| Environmental Liability |
| Professional Liability |
Premium Range
$5,000-$50,000
Typical annual premium
Target States
All 50 states (E&S and admitted programs vary by state)
Key Features
- Writes manufacturing classes that standard carriers restrict or decline
- Products liability for manufacturers with recall and product failure exposure
- Environmental liability for manufacturers with pollution risk
- Excess casualty limits up to $25M for larger manufacturers
- Can accommodate manufacturers with foreign product sourcing
Limitations
- Chemical manufacturers and explosives are very selectively written
- Workers' comp must be placed with a separate carrier
- Underwriting turnaround may be 2-4 weeks for complex risks
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