Markel introduces specialist cover for the cosmetics market

Markel UK, the specialist insurer, has added a new product for UK-based cosmetics manufacturers to its offering, covering a variety of cosmetics, toiletries and hygiene products ranging from make-up, lotions and creams right through to hair tools and shaving goods.

According to Markel, the cosmetics sector faces challenging exposures, but is sometimes overlooked by the insurance market where specialist cover is not readily available.

Protection offered by the policy includes public and products liability, professional liability, products financial loss, employers’ liability, property damage and business interruption, directors’ and officers’, entity and transit.

Markel has been underwriting within this niche sector in its US and Canadian operations for over ten years.

Simon Webster, product line manager, said: “We are delighted to make available a specialist insurance solution to UK-based cosmetics manufacturers, together with companies that support the development of their products and those who distribute them. We feel that our experience with medical products gives us the ability to meet the unique challenges faced by this exciting and dynamic sector.”