Markel to provide liability coverage for professional employer organisations
Specialist insurer Markel Corporation has added a stand-alone employment practices liability policy customised for professional employer organisations (PEOs) to its management liability suite of products.
The new policy is a modular solution that provides liability coverage for PEOs and their customers with separate limits available for each. Coverage enhancements include third-party coverage, workplace violence, wage and hour defense, and immigration coverage.
PEOs provide back-office solutions for small businesses, including payroll, benefits, HR, insurance, tax administration, and regulatory compliance.
"The management liability space is growing more complex and creating a policy specifically for PEOs is a need we heard directly from our customers and production partners," said Salvatore Pollaro, managing director, management liability. "Our hope is that both the PEOs and their client customers are better served with the custom coverages, risk management services, and one-on-one support they get from Markel."
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