Markel UK, Leeds, June 15, 2017 – Markel UK, the specialist insurer, has launched a package policy to meet the needs of the rapidly growing media and creative industries. As well as providing a wide range of covers to a broad selection of businesses in this rapidly growing sector, the policy provides access to a free debt recovery helpline, provided by solicitors DWF.
Markel’s creative and media policy brings together a mandatory professional liability section, with a combined wording for liability, property, cyber and D&O, providing robust protection under a single policy in one transaction.
The risks facing media professionals and companies are challenging. The sector has grown and evolved rapidly with the expansion of digital and social media marketing and changing dynamics of how content is distributed. Markel have been successfully underwriting risks in the sector for over 25 years so understand well the exposures that creative and media companies face.
Payment disputes are common amongst many contracting businesses, with the creative and media industries being no exception. To help clients address these issues, policy holders are given access to a free helpline provided by specialist solicitors DWF LLP.
Policyholders can access advice on the realities of litigation and options to proceed when the business is faced with problems recovering outstanding fees from a customer.
Confident that the new product meets the broad range of needs of the sector, Liam Greene, technical line manager, professional and management risks, commented: “We listened to broker feedback and, as a result, created an accessible product, with the ability to cater for the wide spectrum of media activities that exist today. Our new product is relevant for freelance professionals and start-ups, as well as larger media businesses who require more bespoke underwriting and risk management”.
For more information:
Jennifer Pratt, Marketing Executive 0113 261 5405
Michael Henman, Director of Communications 020 7953 6000
Notes to editors:
Markel (UK) Limited is a leading specialist insurer providing insurance for a variety of professional, management, social welfare, charitable and speciality property/liability risks for organisations of all sizes. www.markelinternational.com/uk