Markel is excited to launch its newest addition to our Energy/Environmental product line. Our new Limited Oil & Gas product scales back coverage from our traditional offering at a very competitive price. Coverage includes commercial general liability, sudden & accidental pollution and professional liability. Our target buyers are oil & gas land based consultants with $300K in revenue or less.

 

Some of our eligible classes include:

• Drilling Consultants
• Completion Consultants
• Well servicing consultants
• Drilling fluids engineer
• Mud logger
• Landman
• Geologists

Coverage Form Highlights

General Liability

• No action over coverage exclusion
• XCU available for AP

Professional Liability

• $100,000 sublimit
• Includes BI/PD

Maximum Limits of Liability      $1M/$2M Primary

                                               $5M/$5M Excess

 

Minimum Premium                      $4500*

*Premium rated using projected gross revenues

 

Please contact your Environmental underwriter with any questions.

 

Click here to view the brochure for our Limited Oil & Gas Consultants.

 

We will write layers on all classes of business and entertain hard to place exposures, whether due to class, experience or catastrophe exposure.

 

• Policies are written on an all risk basis including catastrophe perils of wind, flood & quake. We will also consider this business on a DIC basis or as a single peril

• We have $50M of capacity and will use up to $10M for critical catastrophe exposures

• We write buffer* limits as well as full excess to top off'** an account

• We entertain any size TIV

• Minimum Premium $10,000

*Buffer: A 'middle layer' within a larger placement. Example: $15M TIV and you have a primary quote for $2.5M. Other markets are willing to offer terms only excess of $5MM. We call the $2.5M x/s $2.5M a buffer excess and are glad to consider.

 

**Top Off: What if you have that same $15M TIV account and need all the excess of the $5M primary? The $10M x/s $5M tops off the account.

 

Contact your Brokerage Property underwriter with any questions.

 

Markel recently released  a new IT form (MEIT 2200) that is creating quite the buzz! While there are several changes to this new form, we would like to point out two enhancements that will help fulfill your client's needs. First, our new IT form separates Professional Liability and DataBreach Liability into two separate coverages. Previously this was not the case, as both the professional coverage and the data breach coverage were combined into one coverage. If the insured is looking to isolate coverage, or save a few dollars in premium, this is a great feature.  Second, our new form has the capability to package GL coverage on a claims-made basis.  This GL coverage includes products and completed operations, advertising and personal injury, and extends to newly acquired/created entities. This change is a direct reflection of current market trends and is perfect for any insured looking for a package policy.

           

If your client is looking for standalone DataBreach coverage, we have two distinct features built into our form that sets up apart from the rest. The first is our ability to offer a $250,000 sublimit for Breach Mitigation Expenses. This sublimit covers notification and credit monitoring expenses, is outside the limit of liability, not subject to the deductible, and automatically included upon the purchase of coverage A. This sublimit is perfect for your small to medium sized insureds, but if needed, we can increase to $1,000,000 for an additional premium. Second, we would like to point out that our definition of damages includes "lost monies". This particular feature is unique to Markel as no other carrier currently offers.

 

Now is an exciting time for all Tech and Cyber related risks! If you have any questions regarding what Markel has to offer, or would like to learn more, please do not hesitate to email D Carson at dcarson@markelcorp.com, or call him at (469) 241-3464.

 

How many people can you fit into the Mid South office?

 

The Mid South recently hosted its second Open House since our inaugural office opening back in 2009.  With over 200 people in attendance, we saw a lot of friendly faces, talked some business all while learning some Fun Facts about our Mid South staff.  Did you know Greg Rubel almost lost his life to a purple minivan?

 

We also learned that the PA system in the Mid South office cannot overcome the din of over 200 people.  Thanks to the ingenuity of Markel's Cheryl Peters, we were able to announce the winners of our raffle with "custom-made" number signs.  Congratulations to Jennifer Rosell of RPS and Kristie Morgan of CRC, winners of $100 gift cards.  A big congratulations to Charlene Napoleon of AmWINS, our grand-prize winner of the iPad Mini.

 

Despite the flu epidemic our Open House came off without a hitch!  And we couldn't have done it without you, our valued customers.  Thanks so much to all who traveled from near and far to join us!  We look forward to seeing you all again soon!

 

Click here to view pictures from our Open House! 

 

Save the Date!

Mid South's Annual Conference
March 26th - 28th
Four Seasons, Austin

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