News Releases

ACE USA Announces Availability of Admitted Premises Pollution Liability Program
Adds Admitted Coverage Option and Expanded Distribution for Selected Environmental Products
Jan 21, 2009

PHILADELPHIA--(BUSINESS WIRE)--ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, today announced the availability of ACE Express Premises Pollution LiabilitySM, an online program offering specialized coverage to a wide array of industries, public entities, educational institutions and business services. This program, which is offered on an admitted basis in more than 40 states to date, is designed to protect any commercial or industrial facility with potential for pollution-related risks. This expanded product offering now extends the option to cover up to 50 locations and is available to all producers who access ACE’s online underwriting platform for the product.

The ACE Express Premises Pollution LiabilitySM program is available to producers through the ACE Environmental Risk underwriting team. The application requires minimal information and there are fast turnarounds on quotes.

“ACE takes every opportunity to provide easier access to its products and services and broaden its online capabilities. We’re pleased to bring our innovative solutions to the environmental insurance market,” said William P. Hazelton, Senior Vice President, ACE Environmental Risk. “There are three distinct advantages of this product: it is admitted in many states, the online application process is quick and easy to navigate and the policy now offers expanded limits.”

Product Highlights:*

  • Coverage may be modified by endorsement to provide new conditions coverage for mold-related claims, liability arising from contingent transportation, liability arising from non-owned disposal sites, and additional insureds
  • Minimum self-insured retention of $10,000
  • Limits available up to $10 million
  • Offers coverage for third-party bodily and property damage claims, or remediation costs arising from new pollution conditions on, at, or emanating from, the insured location
  • Provides coverage for associated legal defense expenses required to respond to any claim covered under the policy

ACE Environmental Risk offers a full range of environmental liability insurance solutions designed to minimize bottom line impacts and provide hands-on management for those liabilities. ACE Environmental Risk’s liability product offerings include premises pollution liability, contractor’s pollution liability, and remediation cost containment programs. These programs are primarily distributed through the retail brokerage community to the commercial market.

To learn more about the ACE Express Premises Pollution LiabilitySM Program, please contact Jon Peeples at (303) 256-1770 or jon.peeples@ace-ina.com please visit www.aceusa.com.

*Product highlights are summaries only; please see actual policy for terms and conditions. Products may not be available in all locations and remain subject to ACE Environmental Risk’s underwriting criteria.

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.

Insurance products are provided by ACE American Insurance Company, Philadelphia, PA, or, in some states, other insurance companies in the ACE Group. Surplus lines policies are provided only through licensed surplus lines brokers. All products may not be available in all states. Access to ACE internet product portals is available to qualified producers under applicable provisions of the ACE producer contract.

Contact:

ACE North America Communications
Carla Ferrara, 215-640-4744
carla.ferrara@ace-ina.com