Markel's Total Rewards program

The Markel team is rewarded and generously supported with a full array of benefits.

Markel’s Total Rewards program offers competitive compensation, retirement, and benefits, as well as career advancement opportunities. We focus on the total value of our employment offer, and we continuously seek to improve our offerings by tailoring our programs to serve the needs of our associates and their families.

Our total rewards strategy is simple: to provide competitive compensation opportunities, solid benefit choices, and professional development opportunities.

Markel has a pay-for-performance philosophy: your performance and contributions to the overall success of Markel are directly linked to your opportunity to earn financial rewards at Markel.

Base pay: We offer base pay that is externally competitive, internally equitable, and tied to performance.

Incentive compensation: The Annual Incentive Compensation program recognizes associates who perform above and beyond and achieve goals and objectives that contribute to the overall success of the company. Markel recognizes the initiative of associates as its most significant competitive advantage and is willing to reward efforts that contribute to the accomplishment of key business objectives.
Markel associates have access to exceptional medical, dental, vision, and prescription drug plans—with full coverage for spouses and dependents.

Medical and prescription coverage: Markel offers two traditional PPO plans and two Consumer Plans with Health Savings Accounts (HSA).

Reimbursement accounts: These accounts provide tax savings on eligible healthcare, dependent care, and commuting expenses.

Vision coverage: Vision coverage assists in funding eye exams, eyeglasses, contact lenses, and frames.

Dental coverage: Dental coverage offers basic and major restorative services, such as orthodontia.

Onsite gym facilities/discounted gym memberships: Many Markel offices have onsite gym facilities and most Markel offices have discounted gym memberships to national fitness chains

Employee Assistance Program: This company-paid benefit provides professional and confidential assessments and referrals on a variety of topics to include retirement, relationship and family issues, legal, financial or wellness information.

Wellness: Markel’s wellness strategy is to create a culture of health that fosters a long-term commitment to healthy lifestyles and the reduction of health risks among our associates. Markel offers wellness credits for associates who fully participate in our wellness program, as well as provide other health-related resources and activities.

We offer several types of insurance to provide financial security for associates and their family, including:

  • Accidental death and dismemberment coverage

  • Business travel accident insurance

  • Company-paid short-term and long-term disability income

  • Life insurance
At Markel, we believe that investing for your future is very important and we offer options to help you meet your unique investment needs.

401(k) plan: We make it easy to begin investing in your future, and we do our part by matching your contributions. The 401(k) plan provides you with an avenue to save for retirement through payroll deduction with multiple investment options and matching contributions.

Roth 401(k) plan: The Roth 401(k) allows you to contribute after-tax dollars and then withdraw tax-free dollars from your account when you retire.

Stock purchase plans: To plan your financial future, invest in Markel stock through payroll deduction or a stock loan program. The Markel Employee Stock Purchase and Bonus Plan provide an easy way for you to become a shareholder of Markel Corporation common stock (NYSE: MKL).
To ensure that you are always on the leading edge of your field, we encourage continuous learning in the classroom, on-the-job, and through online opportunities. Associates are encouraged to consult with their manager on the next steps of your career. Markel posts positions internally prior to the job openings being released externally.

We provide you with tools to manage personal development goals and chart your own career path.

At Markel, you can expect that we will provide you with experiences that will promote growth in your career.

Markel Development University: This online tool offers courses on more than 1,600 topics, including: business skills, IT skills, and management skills. Start by searching for learning resources to meet your needs and create your own individual development plan.

Training and tuition reimbursement: Markel supports self-development and education efforts by providing reimbursements for many of the expenses associated with college, university, and insurance designation courses.

Relocation benefits: Markel offers a competitive relocation package. The job posting will indicate whether or not relocation benefits will be offered.

Service awards: We recognize milestone anniversaries with Markel stock or a gift card.
Markel’s work-life benefits help balance the competing needs of your life.

Paid time off and paid holidays: Markel provides associates paid time off for vacation, family illness, and absences. In addition, associates receive company-designated holidays. Markel provides associate paid leaves of absence for bereavement leave and jury duty.

Discount programs: Enjoy discounted tickets for admission to theme parks, popular attractions, as well as computer and phone discounts. Markel offices have location-specific discounts.

Business casual dress and Jeans Fridays: Markel enjoys a business casual dress code as well as Jeans Fridays throughout all Markel offices nationwide.

Matching gift program: Markel matches associate contributions to all eligible not-for-profit organizations up to the annual maximum of $1,000 per associate with six months of full-time employment.

Paid parental leave: Markel provides 100% fully-paid parental leave to all mothers and fathers with the birth or adoption of a child.