Markel to provide liability coverage for professional employer organisations
Specialist insurer Markel Corporation has added a stand-alone employment practices liability policy customised for professional employer organisations (PEOs) to its management liability suite of products.
The new policy is a modular solution that provides liability coverage for PEOs and their customers with separate limits available for each. Coverage enhancements include third-party coverage, workplace violence, wage and hour defense, and immigration coverage.
PEOs provide back-office solutions for small businesses, including payroll, benefits, HR, insurance, tax administration, and regulatory compliance.
"The management liability space is growing more complex and creating a policy specifically for PEOs is a need we heard directly from our customers and production partners," said Salvatore Pollaro, managing director, management liability. "Our hope is that both the PEOs and their client customers are better served with the custom coverages, risk management services, and one-on-one support they get from Markel."
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
More of today's news
TigerRisk study: are stalling hurricanes becoming more frequent?
21st century insurance firms outnumber incumbents two to one, study reveals
Fannie Mae executes $14bn credit risk transfer deals
Aon names new president of US reinsurance solutions business
Save £600 with the Intelligent InsurTECH Europe Super Early-Bird rate: Book now
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze