Markel Insurance, the insurance operations within Markel Group, has made its Storage Tank Liability (STL) insurance product available through its digital platform, Markel Connect, in Canada.
This expansion strengthens the company's digital capabilities in the Canadian market and provides brokers with streamlined access to specialized coverage solutions.
The STL product protects businesses from third-party claims linked to environmental hazards associated with aboveground and underground storage tanks. It provides coverage for businesses such as auto garages, gas stations, campgrounds, golf courses, and other commercial properties where storage tanks are in use. Coverage includes bodily injury, property damage, on-site and off-site cleanup costs, civil fines and penalties, and crisis management expenses, with minimum premiums starting at $500 for a $1 million limit.
Markel Canada said the STL product responds to evolving market needs. The company noted that STL was designed to be robust and accessible, allowing clients with storage tank exposures to secure protection quickly and confidently. The product offers flexible limits of up to $5 million, competitive rates, no policy fees, and an industry-leading 25% commission, making it one of the most broker-friendly digital solutions in the market.
Through Markel Connect, brokers can quote, bind, and issue policies 24/7, with instant decline notifications and rapid referral turnaround. Markel Canada said the launch is part of the company’s broader digital strategy, aimed at continuously enhancing the broker experience. The platform is built to empower brokers with tools that allow fast, efficient, and tailored insurance solutions, combining product innovation with digital accessibility.
From a market perspective, this announcement positions Markel Canada as a leading provider of specialized liability coverage with strong digital capabilities, raising the bar for competitors in the environmental and commercial liability segments. By integrating STL into a fully digital platform, Markel is responding to growing demand from brokers and commercial clients for faster, more efficient policy issuance and risk management solutions. The move also reinforces the trend of insurers leveraging digital tools to streamline workflows, improve service levels, and expand access to niche products, potentially accelerating adoption of specialized coverage across the Canadian market.
Brokers registered with Markel Connect can access the STL product immediately, and new users can register quickly to begin issuing policies.
