Public Entity Insurance
At Markel, we realize that public entities require creative risk transfer solutions. We provide solutions by using a dynamic pricing model which allows us to offer innovative and flexible program structures.
We can support you by offering reinsurance of underlying Memorandum of Coverage or excess insurance on a self-insured retention (SIR) and deductible risk transfer basis. Additionally, we can customize our non-admitted public entity policy form to meet the unique needs of individual risks.
Markel is rated "A Excellent" XIII by A.M. Best and has $10 million in capacity.
Expertise
- Pools
- Trusts
- JPAs
- Reciprocals
- Mutuals
Target Classes
- Municipalities (cities, towns, villages)
- Special districts (water, sewer, parks)
- Counties
- Schools (public K-12, community colleges, charter)
Lines of Coverage
- General liability
- Automobile liability
- Garage keepers’ legal liability
- Police professional
- Public officials
- School board E&O
- Incidental medical malpractice
- Employment practices liability
- Buy-back abuse/molestation option
- Employee benefits
Ask us how we can help with property, OUTBREAK® Extra Expense, and cyber coverage!
Risk Guidelines
Populations of 250,000 or less
Minimum SIR of $100,000
Minimum premium $100,000
Qualified TPA or in-house claims staff
ALAE, inside/inside or outside/outside
No workers’ compensation
No standalone transit systems
No monoline professional coverage
Required Information
- Minimum 5 years of loss data, by year, by line of business
- Minimum 5 years of GL exposure data
- Financial statements and actuarial reports
- Vehicle exposure data, including all emergency and non-emergency vehicles
- Completed, acceptable application or Markel’s public entity governmental application