RICHMOND, Va., Oct. 22 /PRNewswire-FirstCall/ -- Markel Corporation
announced today that it is expanding the classes eligible for Contagion Risk
with OUTBREAK(R) Extra Expense coverage to include public entity business,
including school districts.
According to Scott Rohr, vice president of Markel Re's Public Entity
Operations, the company will write OUTBREAK(R) Extra Expense for any
commercial entity. "However," Rohr states, "the coverage is perfectly suited
for schools. They are a natural breeding ground for contagion because students
are always in close contact with one another and with staff. Contagious events
continue to occur, including the Norwalk virus, antibiotic-resistant staph
(MRSA), and even TB."
OUTBREAK(R) Extra Expense provides a per-day limit for each location where
operations have been suspended by a public health official. Further, the
product adds a workplace violence component and limited coverage for
suspension resulting from illness generated by mold/fungus. The policy
proceeds can be used at the insured's discretion to offset loss incurred due
to a covered suspension such as lost revenue, decontamination/disinfection,
and public relations expense. Product designer Barrett Hubbard, vice president
of Markel Re, says, "Part of the difficulty with contagion risk is the
psychological risk associated with a closure due to contagion. It is unlike a
fire or other physical loss-customers or, in the case of schools, parents and
students-want to feel absolutely certain it is safe to return to the premises.
That usually involves specialized cleaning methods, testing, and clear
OUTBREAK(R) Extra Expense is available through the following Markel
Companies: Essex Insurance Company, Shand Morahan/Evanston Insurance Company,
Markel Underwriting Managers, Markel Southwest Underwriters and Markel Re.
Markel Corporation markets and underwrites specialty insurance products
and programs for a variety of niche markets. In each of these markets, the
Company seeks to provide quality products and excellent customer service so
that it can be a market leader. The financial goals of the Company are to earn
consistent underwriting profits and superior investment returns to build
Visit Markel on the web at www.markelcorp.com. Learn more about
OUTBREAK(R) Extra Expense at www.outbreakinsurance.com.
SOURCE Markel Corporation
CONTACT: Barrett Hubbard, CPCU of Markel Corporation, +1-804-565-1983