Property
Property Broadening Endorsement
General Liability
General Liability Extension Endorsement
Commercial Automobile
Inland Marine
Crime
Umbrella Liability
Markel Insurance Company offers a comprehensive property and casualty program for our customers. We offer the complete portfolio of ISO forms and coverages, subject to individual risk acceptability.
In addition we offer several optional forms and enhancements developed by our talented underwriting professionals. The highlights of the coverage offerings are as follows:
- Commercial Property Broadening Endorsement with 19 property enhancements.
- Commercial Property “Plus” Extension Endorsement with 28 enhancements.
- General Liability Extension endorsement (Approved in 48 states)
- Umbrella limits of up to $10,000,000
The following section provides coverage details for each line of business.
Property
In addition to any approved ISO coverage forms, Markel Insurance Company offers (for a nominal additional premium) the Commercial Property Broadening Endorsement and the Commercial Property “Plus” Extension Endorsement. The Broadening endorsement includes the following coverage per location.
Property Broadening Endorsement
| Accounts Receivable |
$25,000 |
| Business Income and Extra Expense |
$50,000 |
| Criminal Reward (not available in NY) |
$5,000 |
| Debris Removal |
$15,000 |
| Fine Arts |
$25,000 |
| Fire Department Service Charge |
$10,000 |
| Fire Protection Device Recharge |
$5,000 |
| Glass |
No limit |
| Lock Replacement |
$500 |
| Loss Data Preparation |
$5,000 |
| Money and Securities |
$5,000 Inside & Outside |
|
Newly Acquired Locations
Buildings
Business Personal Property |
$1,000,000
$250,000
|
| Personal Effects and Property of Others |
$1,000 per person
$25,000 per occurrence |
| Property in Transit |
$10,000 |
| Property Off Premises |
$15,000 |
| Refrigerated Goods Spoilage |
$2,500 |
| Signs – Attached, Unattached, Indoor, Outdoor |
$25,000 |
| Outdoor Property including Trees, Shrubs & Plants |
$250 per item
$10,000 per occurrence |
| Pollutant Clean Up |
$25,000 |
| Valuable Papers |
$25,000 |
The Plus extension offers all of the coverage included in the Broadening form, plus these 8 additional coverages:
| Electronic Data Processing Equipment |
$10,000 (incl. extra expense, software & transit) |
| Emergency Vacating Expense |
$5,000 |
| Employee Dishonesty |
$10,000 |
| Forgery and Alteration |
$10,000 |
| Ordinance or Law* |
15% of Building limit up to $25,000 |
| Utility Services Interruption Business Income |
$10,000
|
| Utility Services Direct Damage |
$10,000 |
| Water Backup of Sewers & Drains |
$25,000 |
*Ordinance or Law includes coverage for both the damaged and undamaged portion of the building.
General Liability
Markel Insurance Company offers the complete portfolio of ISO forms and coverages, with flexible limits of liability. In addition to ISO forms, we can also offer the following endorsement (additional premium may apply).
Optional Coverages (additional premiums may apply)
- Employee Benefits Liability
- Stop Gap Employers’ Liability (where applicable)
- Various Additional Insureds
Standard Exclusions
- Asbestos
- Lead liability
- Employment-related practices
- Total pollution
- Punitive damages
- Mold
General Liability Extension Endorsement
| Medical payments |
$10,000 per person |
Supplementary Payments
Bail Bonds
Loss of Earnings |
Up to $2500
Up to $300 a day |
| Damage to Premises Rented to You |
|
| Non-Owned Watercraft |
Increased to 51’ |
| Non-Owned Aircraft |
If rented or loaned with a paid crew |
| Property Damage from Elevator Use |
Included |
| Broadened Definition of Insured |
Included |
| Mental Anguish Resulting from Bodily Injury |
Included |
| Advertising Injury from Televised or Videotaped Material |
Included |
| Broadened definition of Mobile Equipment |
Included |
| Per Location and Per Project Aggregates |
Included |
| Additional Insureds - Managers or Lessor of Premises |
Included |
| Additional Insured-Vendors (Limited) |
Included |
| Revised Exclusion for Expected or Intended Injury |
Included |
| Property Damage to Borrowed Equipment |
Up to $10,000 per “occurrence”
|
| Property Damage to “Customers Goods” |
Up to $10,000 per “occurrence” |
| Medical Personnel Coverage |
Up to $100,000 per “occurrence” if no other coverage form applies |
| Waiver-Transfer of Rights of Recovery |
Included |
| Duties in the Event of “Occurrence”, Claim, or “Suit” |
Included |
| Unintentional Failure to Disclose Hazards |
Included |
| Liberalization |
Included |
Commercial Automobile
We offer the complete portfolio of ISO forms and coverages, with liability limits up to $1,000,000 per accident.
As a general rule, will not write the automobile on a mono-line basis, as our focus is on providing a complete program for our customers. Therefore, we prefer to write the automobile in conjunction with the package or general liability.
Inland Marine
We offer the complete portfolio of ISO forms and coverages. In addition to ISO forms, we also offer the following Markel Insurance Company forms, subject to individual risk acceptability and company underwriting guidelines:
- Transportation Coverage
- Bailee’s Customer Coverage
- Computer Equipment Coverage
- Contractor’s Equipment Coverage
- Installation Floater
- Builders Risk
Crime
We offer the complete portfolio of ISO forms and coverages, including:
- Blanket Employee Dishonesty
- Forgery
- Money and Securities--Inside and Outside
Umbrella Liability
We can offer limits of up to $10,000,000 per occurrence, $10,000,000 aggregate, with a $10,000 self-insured retention. We provide umbrella coverage over underlying insurance written by MRS. We can cover the Employers’ Liability over another carrier’s primary coverage as long as the carrier is rated “A” or better by A.M. Best Company and the carrier is providing Employers’ Liability limits of at least $500,000/$500,000/$500,000.