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Today, Markel Corporation owns many subsidiaries servicing different niches and businesses in the United States and Europe. Aside from its insurers, Markel also owns several underwriting companies.
One of the bigger subsidiaries is Markel Insurance Company, a specialty insurer. Some of the niches serviced by Markel Insurance Company include childcare centers and camps, historic homes, farms, nonprofit organizations, museums and schools. It’s also the primary insurer of ambulances in the United States.
Property, Casualty & Liability
- Property and liability insurance for groups. Camps, childcare centers, fitness programs, sports programs for amateurs and youths, schools, senior living programs, and nonprofit groups.
- Business insurance for a variety of small business needs. Some of the niches include event planners, program administrators, financial advisers, and rental operators for hard-to-insure equipment like rock walls or bungee jumping rigs.
- Property and casualty insurance for ambulances, farms, museums, and fine arts buildings. Markel is particularly well-known for its horse insurance, which the company has offered for more than 50 years to commercial farms, racing facilities, rodeo hosts, and private horse owners.
Aside from the property, casualty and liability insurance products sold by Markel, the company also provides workers compensation policies for small and medium businesses. These products are available in 35 states, and interested businesses can apply online.
Markel claims can be handled by email or over the phone. To file a claim by phone, call 1-800-362-7535 and follow the instructions to reach the correct department. Claims can also be filed via email by sending details of the loss to firstname.lastname@example.org.
When filing, you will need to complete the information on the Incident Report Form, which is linked from the Markel Insurance website. This form includes details of the situation, including names and contact information of everyone involved, and photographs when appropriate. The company also recommends that you copy all correspondence related to the incident, such as reports or statements, and forward them to Markel.
Consumer Research and Complaints
Markel Insurance Company has been Better Business Bureau accredited since 2001, and currently has an A+ rating. In the past three years, only 7 complaints have been filed, three of which have been closed in the last 12 months.Of the complaints listed, four regard problems with products and services, and three are due to billing and collection issues.
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Markel is a niche insurance company that offers specialty coverage for very specific purposes. They have a good rating with the Better Business Bureau, and their financial strength rating is OK, according to the major reporting companies.
For a list of companies that we recommend, visit our Best Insurance Companies page.