PHILADELPHIA--(BUSINESS WIRE)--ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, today announced that its retail Inland Marine unit has joined forces with National Equipment Register (NER), a provider of a national database of heavy equipment ownership and thefts that helps authorities track down stolen equipment. Under the terms of the alliance, ACE USA will offer broadened coverage to its retail inland marine clients who purchase its Contractor’s Equipment coverage by waiving the deductible up to $10,000 for policyholders who have their equipment registered with NER prior to a theft, provided the theft is also reported to law enforcement authorities.
NER’s databases of more than 15 million ownership records and 90,000 theft reports provide law enforcement with the ability to identify the true owner of any registered machine 24-hours a day. For a small fee per machine, per year, owners can securely and confidentially register their entire fleet of equipment with NER and will also receive warning decals to deter theft.
Speaking about the strategic alliance, Bruce Jervis, Senior Vice President, ACE USA Inland Marine, said, “We’re pleased to participate with NER in this program to help our insured contractors mitigate the increasing risk of equipment theft. This opportunity allows ACE USA to encourage and reward our customers to use this extra layer of protection while at the same time provide innovative risk management solutions to meet the evolving needs of the construction industry.”
“This undertaking with ACE USA allows NER to provide added value to ACE’s insureds in its ongoing efforts to better manage the risks and cost of doing business in the construction arena,” said David Shillingford, President, National Equipment Register.
Created in 2001, National Equipment Register (NER) manages a national database of heavy equipment thefts and ownership to help equipment owners, the insurance industry, and law enforcement identify and recover stolen equipment. For more information, please visit: http://www.StopEquipmentTheft.com
ACE USA’s Retail Inland Marine unit offers the following products and services:*
*Product highlights are summaries only; please see actual policy for terms and conditions. Products are subject to risk eligibility requirements and may not be available in all jurisdictions and locations.
ACE USA’s Inland Marine Unit is part of ACE USA’s Global Underwriting Group, a division of ACE USA, which specializes in global programs and specialty coverages and provides comprehensive risk management programs and services for a diverse market of mid- to large-size U.S.-based companies, not-for-profit and government entities. To learn more about the ACE Global Underwriting Group’s products and services, please visit www.aceusa.com.
ACE USA is the U.S.-based retail operating division of the ACE Group of Companies, headed by ACE Limited (NYSE:ACE), and is rated A+ (Superior) by A.M. Best Company and A+ (Strong) by Standard & Poor’s. ACE USA, through its underwriting companies, provides insurance products and services throughout the U.S. Additional information on ACE USA and its products and services can be found at www.aceusa.com. The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients around the world.