To address the risks faced by political campaigns and campaign committees
Markel Risk Solutions, a subsidiary of Virginia-based Markel, a specialty lines insurance company, has introduced CampaignPro. Its a multi-line, admitted insurance product to address risks faced by US Senate, US House, gubernatorial, and other state and local political campaigns and campaign committees.
Markel has said that the campaigns have no exemptions from liability under any statutory law. CampaignPro addresses the majority of liability exposures in a coordinated approach that reduces gaps, simplifies coverage, and keeps costs down.
Barrett Hubbard, managing director for Markel Risk Solutions, said: “Campaigns are unique entities with unique liabilities. The financial assets should be protected for the purposes of electing the candidate. From auto liability to renting space and special events — campaigns need to consider how to best protect assets for the purpose at hand. 2010 is a very active election cycle with all 435 US House of Representatives and 36 US Senate seats being contested. In addition, 39 states will elect governors.”