Markel Insurance Reviews 2019 (Ratings, Complaints & Coverage). Markel is a holding company for investments, insurance and reinsurance. However, they do have four insurance divisions as well as a reinsurance division.
Their headquarters are in Richmond, Virginia and they underwrite operations in three company segments as well as do major investing through Markel Ventures. Although insurance is their main focus, they invest in wide and varied opportunities that are far outside the scope of insurance.
The company deals almost exclusively in commercial insurance products, and has earned a terrific reputation for providing businesses with commercial insurance products around the world. Let's do an in-depth review and see with this company has to offer.
If you are a business owner looking to buy commercial insurance, read Markel Insurance reviews to learn about Markel Corporation's products.
Check out Markel Insurance reviews, ratings, complaints & coverage for general liability, workers compensation and other small business insurance commercial policies.
Markel was founded as the Mutual Casual Association in Norfolk, Virginia. The company headquarters eventually moved to Richmond where it stands together. The business was founded in 1930, and it has become a well-known commercial insurance company in the United States. The company founder was Samuel A Markel, but by the end of the 1930s, all four of Markel suns had joined the operation; as business was booming.
At the time, the commercial transportation industry was highly unregulated. Markel was one of the first companies to actually help with the efforts to create safety standards and legitimize the insurance market for the trucking industries and for public transportation. They were instrumental in the passing of the National Motor Carrier Act of 1935.
The company continued to grow throughout the 1940s and developed a solid reputation for fast claim response and adjustments. Their sister company, which is called American Fidelity casualty, covered fleet sales and rentals of buses and trucks - especially semitrucks. The company became an insurance carrier in the 1980s and they went public in 1986 on the NASDAQ with their IPO starting at just $8.33 per share. Some of their most recent actions have included the founding of Essex Insurance Company in Delaware. They are currently located in Richmond, Virginia and they do mostly commercial property insurance.
They also made a number of other acquisitions after their initial public offering in 1986. The Markel Insurance reviews on the Internet are mainly positive.
On the consumer products side, Markel does have a few different personal insurance products including the insuring of children at camp for childcare centers as well as insuring of courses, medical transportation devices, art collections and more.
For commercial products, the list is extremely long and includes things like contracts, data breaches, environmental disasters, energy mishaps, umbrella general liability insurance, Ocean Marine insurance, railroading transportation insurance and the provision of insurance for the commercial side of the above-mentioned list which included pest control, social service agencies, museums, fine art collections, motorcycle, boat and RV, childcare centers, horses, farms, medical transportation and camps. Markel Insurance reviews are very good for their business insurance polices.
Following is a list of Markel Specialty Insurance offerings:
Agricultural and Farm
Child Development and Recreation
Commercial and Residential Services
Equine and Livestock
Main Street Businesses
Markel offers and online account portal, where they say you can manage your account 24 hours a day, 7 days a week and:
Markel Insurance reviews for their online portal are positive.
Their network exists within the United States and around the world. They had a huge international expansion effort in 2000 when they made a number of acquisitions that netted them offices in the United Kingdom, throughout Europe, all over the Asia-Pacific region and in Canada.
Following are some ratings found online which appear mixed:
Address: 4521 Highwoods Parkway, Glen Allen, VA 23068
Other companies owned: Alterra America Insurance Company, City National Insurance Company, Essentia Insurance Company, Evanston Insurance Company, FirstComp Insurance Company, Independent Specialty Insurance Company, Markel American Insurance Company, Markel Bermuda Limited, Markel Global Reinsurance Company, Markel Insurance Company, Markel International Insurance Company Limited, Lloyd's Syndicate 3000, National Specialty Insurance Company, State National Insurance Company, SureTec Insurance Company, SureTec Indemnity Company and United Specialty Insurance Company.
This is a good insurance company that has an excellent reputation with consumers online as well as businesses that use them. They do have a few consumer product lines, but the majority of their efforts are marketed towards businesses.
They have several different specialty insurance lines as well as regular company liability for more unique businesses like campgrounds and summer camps for kids. Their rates seem to be comparable with other insurance companies of this type, and they have a great deal of information on their website as well as brokers throughout the United States and all over the world that can help you choose your plan. Markel Insurance reviews are above average for their business insurance offerings.