Source: Markel Corporation – Professional Liability
Markel Corporation: Professional Services Insurance Appetite
Markel's professional liability program is valuable for niche professions that don't fit standard E&O programs – staffing agencies, management consultants with large contract values, or professions with unique regulatory exposure. For standard accountants or IT consultants, Hartford or Hiscox may be more efficient.
Available Lines
| Line of Business |
|---|
| General Liability |
| Professional Liability (E&O) |
| Commercial Property |
| Umbrella/Excess |
| Environmental Liability |
Premium Range
$2,000-$15,000
Typical annual premium
Target States
All 50 states (E&S and admitted programs vary by state)
Key Features
- Professional liability for consultants, accountants, and niche professions
- Can write E&O for classes that standard carriers exclude
- Umbrella/excess over professional liability available
- Environmental consulting E&O for environmental professionals
- Flexible policy structures for non-standard professional services
Limitations
- Not the most cost-effective option for standard professional firms
- Underwriting process is more involved than admitted BOP + E&O
- Law firm and architect E&O may be better placed with specialty markets
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