Markel (UK) Limited, the Retail division of Markel International, today announced the launch of a comprehensive social welfare insurance product.  Developed following three years of research, the new product provides a bespoke 'one stop shop' policy that caters for the social welfare sector aimed at covering three key areas of risk; responsibility to third parties, responsibility as an employer and protection of assets.

"Markel has extensive experience of dealing with the needs of the social welfare sector.  Markel Insurance Company, one of our sister companies in the US, dominates the US market in this sector and Markel UK has a long history of providing products for the charity sector, said Steve Carroll, managing director, Markel UK.

"We appreciate that the extreme diversity of this sector - consisting of private, public and voluntary ('not for profit') organisations that cater for the young, elderly, vulnerable and disadvantaged members of society - results in a real need for an understanding of individual circumstances and the ability to look at each risk individually to tailor our offering to clients needs."

Commenting upon the types of risk likely to be presented he said; "From a liability perspective in particular, many will have areas of concern such as abuse, breach of professional duty, medical malpractice and volunteers, but by offering bespoke insurance solutions rather than trying to make a risk 'fit' a conventional or 'commoditised' placement, we aim to meet our clients needs".

The introduction of Social Welfare will compliment an existing Markel (UK) Limited portfolio of Professional & Management Risks and Specialty Property/Liability insurances.

For further information about our Social Welfare product please click here