Markel Canada Launches Storage Tank Liability Insurance through its Digital Platform, Markel Connect

TORONTO--(BUSINESS WIRE)--Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced that its Storage Tank Liability (STL) insurance product is now available through its digital platform, Markel Connect, in Canada. This addition expands the capabilities of Markel Connect in the Canadian market, reinforcing the company’s commitment to digital innovation and providing brokers with streamlined access to specialized coverage solutions.

The STL product is designed to protect businesses from third-party claims related to environmental hazards associated with both aboveground and underground storage tanks. STL provides cover for businesses such as auto garages, gas stations, campgrounds, golf courses, and commercial properties – anywhere storage tanks are in use.

With minimum premiums starting at CAD$500 for a CAD$1 million limit, the product offers comprehensive protection for bodily injury, property damage, on-site and off-site cleanup costs, civil fines and penalties, and crisis management expenses.

“Our new storage tank liability product is a direct response to the evolving needs of Canadian businesses and brokers,” said Sarah Martin, Vice President, Product Line Leader, of Environmental Liability at Markel Canada. “We’ve designed this solution to be both robust and accessible, ensuring that clients with storage tank exposures – whether in manufacturing, retail, or commercial real estate –can secure the protection they need quickly and confidently.”

Now available through Markel Connect in Canada (excluding Quebec at this time), brokers can quote, bind, and issue policies 24/7, with instant decline notifications and rapid referral turnaround. The platform offers flexible options, up to CAD$5 million capacity, competitive rates, no policy fees, and an industry-leading 25% commission –making STL one of the most broker-friendly digital solutions in the market.

“This launch is another step forward in our digital journey,” said Sachin Rustagi, Head of Digital at Markel Canada. “Markel Connect is built to empower brokers with the tools they need to deliver fast, efficient, and tailored insurance solutions. Storage tank liability is a great example of how we’re combining product innovation with digital accessibility.”

The launch of STL on Markel Connect reflects Markel Canada’s broader digital strategy to continuously enhance the broker experience. Focusing on innovation, Markel aims to expand Markel Connect’s capabilities by introducing new features, streamlining workflows, and launching additional digital product –making trading more efficient and delivering greater value through tech-enabled solutions.

Brokers registered with Markel Connect can access the STL product immediately. New users can easily register and get started in just a few clicks at https://connect.markel.ca.

About Markel Insurance
We are Markel Insurance, a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE: MKL), we leverage a broad array of capabilities and expertise to create intelligent solutions for the most complex specialty insurance needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide.