Markel, the insurance business unit of Markel Group Inc., has expanded its professional liability offerings to provide insurance protection against rapidly evolving creative, digital and professional risks.
The enhanced ProSolutions product portfolio is a suite of professional liability products designed for specific risks and designed to eliminate insurance blind sports.
By consolidating multiple insurance needs into a streamlined framework, Markel aims to help clients close coverage gaps and streamline the insurance management process.
Key enhancements to the product include a new combination policy that combines professional liability, cyber liability, media liability and general liability coverage into a single policy.
and new Media Shield and Entertainment Shield products, providing design options for qualified content creators, media professionals and entertainment-focused businesses.
“We continue to see risks evolve across the market, particularly when it comes to media liability,” said Melissa Sowa, managing director, E&O Product Line Leadership. “Creating and distributing content has never been easier, and we are in an era where social media dominates. As media expands, so does its complexity.”
Media liability insurance is no longer limited to traditional media companies. As online platforms evolve, content creators, creative professionals, digital and social media managers, public figures and third-party endorsers all face increased exposure.
To address these evolving risks, Markel’s expanded ProSolutions offer a broader range of more flexible underwriting options.
The new hybrid ProSolutions form helps customers consolidate multiple coverage needs into a single policy, reducing complexity and better aligning coverage with interrelated risks.
