Markel has developed a new social welfare insurance policy.
The product covers three key risk areas for the social welfare sector: responsibility to third parties, responsibility as an employer and protection of assets.
Steve Carroll, Markel UK managing director, said: “Markel has extensive experience of dealing with the needs of the social welfare sector. Markel Insurance Company, one of our sister companies in the US, dominates the US market in this sector and Markel UK has a long history of providing products for the charity sector.
“We appreciate that the extreme diversity of this sector - consisting of private, public and voluntary (‘not for profit') organisations that cater for the young, elderly, vulnerable and disadvantaged members of our society – results in a real need for an understanding of individual circumstances and the ability to look at each risk individually to tailor our offering to clients needs.”
