Date: 26/10/2015

Markel UK launches new product for R&D and medical devices companies

Markel International, London, October 26, 2015 --- Markel UK, the specialist insurer, has launched a new product designed to look after the business critical insurance needs of small and start-up research and development businesses and organisations in the medical devices industry.

The new policies build on the success of Markel’s biomedical and life sciences product, launched at the end of 2013.

The policies offer a wide range of covers including public and products liability, professional liability, employers’ liability, blanket property damage and flexible first loss business interruption. Directors’ and officers’ and cyber covers are also available.

A simple quotation form, with less than two pages carrying questions, will provide applicants with an immediate price for the specific level of cover they require.

Simon Webster, technical line manager, life sciences, commented: “The UK remains a vibrant and successful economy for science and technology based businesses and our conversations with brokers about our biomedical and life sciences policy made clear to us that there was need for business critical coverage for smaller and earlier stage businesses. 97% of companies within the sector are classed as SMEs, and they require specialist cover at an affordable price. Having the right level of insurance cover to protect against sector specific risks is crucial to avoid the potentially devastating impact of a claim. Our easy to handle policies provide that comfort.”

ENDS

 

For more information:

 

Helen Walker, Marketing Manager                                                                 + 44(0)113 261 5824

Helen.walker@markelintl.com

Michael Henman, Director of Communications                                               + 44 (0)20 7953 6000  

michael.henman@markelintl.com                                                                            

         

About Markel International:

Markel International Limited is a subsidiary of Markel Corporation, a US-based holding company trading on the New York Stock Exchange (MKL). Markel International writes insurance and reinsurance business through eight divisions and through offices across the UK, Europe, Canada, Latin America and Asia Pacific. Markel International’s insuring entities include Syndicate 3000, Markel Resseguradora do Brasil S.A. and Markel International Insurance Company Limited. Markel International also manages the business of Abbey Protection Group which provides legal and professional fees insurance cover as well as legal, tax and human resources consultancy services. For more information please visit us at www.markelinternational.com