Source: Markel Corporation – Distribution Insurance
Markel Corporation: Wholesale Distribution Insurance Appetite
Markel is valuable for wholesale distributors with products liability exposure from imported goods, private-label products, or hazardous materials. Their E&S platform can accommodate risks that standard carriers restrict. For small, clean distributors, a BOP from Guard or Progressive will be more efficient.
Available Lines
| Line of Business |
|---|
| General Liability |
| Commercial Property |
| Products Liability |
| Umbrella/Excess |
| Environmental Liability |
Premium Range
$3,000-$25,000
Typical annual premium
Target States
All 50 states (E&S and admitted programs vary by state)
Key Features
- Products liability for distributors of imported or private-label goods
- Property coverage for large warehouses and distribution centers
- Environmental liability for distributors of chemicals and hazardous materials
- Excess/umbrella capacity for distributors needing high limits
- Can write distributors with complex supply chain exposures
Limitations
- Not cost-effective for standard, low-hazard wholesale operations
- Workers' comp must be placed separately
- Underwriting turnaround may be longer than admitted carriers
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