Coverage; Single form combines pollution and casualty coverages and offers efficient broad streamlined coverage for critical areas of risk
TORONTO, April 2, 2012 – ACE Canada, the Canadian-based operating division of the ACE Group, today announced the launch of ACE PaCSM and ACE ECO PaC SM, two new products that offer specialized coverage. The ACE PaC product combines general liability and pollution liability into a single policy form, and can be offered with primary commercial automobile and follow form umbrella coverage for a wide cross section of industries and classes of business with environmental exposures. The ACE ECO PaC product, which is designed for contractor-related/consulting services with environmental exposures, combines general liability, contractors pollution liability and optional professional liability in a single policy form — and can be offered with primary commercial automobile coverage. These new products allow customers to access ACE Canada’s innovative products and services, with the ease of using a single form and working with a dedicated underwriting group that holds authority for all principal coverages.
ACE PaC is available for Canadian companies of all revenue sizes, including product manufacturers of all types, from light to heavy industrial. ACE ECO PaC is targeted to clients with a pollution-focused critical area of risk: environmental contractors, environmental consultants, environmental engineers, and environmental laboratory analysis and testing services.
“As a leader in providing specialized insurance solutions to meet the evolving needs of our clients, we are pleased to offer these two combined products for pollution and casualty liability. They will allow our clients to have greater efficiency and flexibility in coordinating broad streamlined coverage for critical areas of risk,” said David Brosnan, Country President, ACE Canada. “These new products provide a single point of access to multiple lines of coverage through a centralized underwriting team, dedicated claims and risk control services and enhanced limits for pollution and casualty coverage.”
The ACE Canada ACE PaCsm product offers:*
- Primary General Liability & Pollution Liability:
- ACE-developed single combined pollution liability and general liability policy form
- Limits available up to $5M occurrence / $5M aggregate with higher limits available upon request
- General liability and pollution liability coverages are available on an occurrence and claims-made basis, respectively
- Policies can be written on a first dollar/guaranteed cost basis or by using a deductible or self-insured retention
- Pollution liability coverage extensions include: premises pollution; transportation and non-owned disposal site pollution; products pollution; sudden and accidental pollution; and pollution discovery clean up
- Hired and non-owned auto coverage available
- Primary Commercial Automobile:
- Coverage written via standard automobile policy forms (in all provinces)
- Liability limits available up to $5M
- Physical damage coverage available
- Standard and manuscript endorsements also available
- Umbrella Liability:
- Follow form umbrella liability coverage for pollution and general liability, primary automobile and other coverages as required
- Total program limits up to $25M
The ACE Canada ACE ECO PaCsm product offers:*
- Primary General Liability, Pollution Liability and Professional Liability:
- ACE-developed single combined pollution liability, general liability and professional liability policy form
- Limits available up to $5M occurrence / $5M aggregate with higher limits available upon request
- General liability and pollution liability coverage available on an occurrence or claims-made basis
- Hired and non-owned automobile coverage available
- Primary Commercial Automobile:
- Coverage written via standard automobile policy forms (in all provinces)
- Liability limits available up to $5M
- Physical damage coverage available
- Standard and manuscript endorsements also available
To learn more about ACE Canada’s environmental liability portfolio, please contact Ricardo Philip at (416) 594-3001 or [email protected] or visit www.ace-ina-canada.com.
*Product highlights are summaries only; please see actual policy for terms, conditions and exclusions. Products remain subject to ACE Environmental Risk’s underwriting criteria.
About ACE Canada
ACE Canada® refers to ACE INA Insurance and ACE INA Life Insurance, subsidiaries of the ACE Group, and is rated AA- (Very Strong) by Standard & Poor’s and A+ (Stable) by A.M. Best Company. ACE Canada, through its underwriting companies, provides insurance products and services throughout Canada. Additional information on ACE Canada and its products and services can be found at www.ace-ina-canada.com. The ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE:ACE), a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acegroup.com.
Tags: environmental coverage & pollution liability
