Markel Enhances Professional Liability Coverage for Hard-to-Place Law Firms


Markel Corporation has enhanced its policy form and protections for hard-to-insure law firms which can no longer secure coverage in the admitted markets.
This coverage is available on an excess and surplus (E&S) lines basis using a claims-made policy form. Highlights include: disciplinary proceedings coverage up to $50,000; policy limits of $5 million per claim/aggregate; coverage for breach of network and information security system; and new optional coverage enhancements—mutual choice of counsel, subpoena coverage, and expanded consent to settle provisions.
Target risks are law firms with three to 50 attorneys. Risk management services include a risk management hotline, and claims are adjusted by an in-house, dedicated team of Markel professionals.
The product is available through regionally-based underwriting teams located in Richmond, Va; Chicago; Plano, Texas; Red Bank, N.J.; New York City; Alpharetta, Ga.; Scottsdale, Ariz.; Woodland Hills, Calif; and, San Francisco.
Markel Corporation is a diverse financial holding company serving a variety of niche markets. The company’s principal business markets and underwrites specialty insurance products.

Want to stay up to date?
Get the latest insurance newssent straight to your inbox.


Powered by WPeMatico