PHILADELPHIA--June 11, 2012--(BUSINESS WIRE)--ACE USA, the U.S.-based retail operating division of the ACE Group, today introduced expanded coverage for buyers of its combined general liability and pollution policy form -- ACE PaCSM -- designed for mid-sized clients with the pollution exposures typically faced by many manufacturers. Developed by the company’s Accident & Health and Casualty divisions, the expanded product offers casualty accident coverage -- Accidental Death & Dismemberment (AD&D) -- for employees through a simple endorsement to their standard ACE PaCSM policy form.
ACE PaCSM is a specialized product solution available for small and mid-sized companies in the manufacturing industry, including those involved in the chemical manufacturing, distributing, mixing and blending process.
“We’re pleased to offer accident insurance and risk management solutions to address serious work-related injuries that can have a devastating impact on employees and their families,” said Joe Vasquez, Division President, ACE USA Accident & Health. “This combined coverage, which addresses general liability exposures as well as pollution liabilities, can now be expanded to provide an additional AD&D benefit for employees in states where it is permitted. Not only do these enhancements help address the exposures faced by the manufacturing industry, they also address the financial security and resources necessary for dealing with an accidental loss.”
Mitchell Schmidt, Senior Vice President and National Manager of ACE USA’s Custom Casualty unit added, “In the current economic climate, business owners in the manufacturing industry look for alternative ways to provide supplemental benefits to their employees. Our coverage expansion provides a low-cost way to augment employee accident benefits provided under workers compensation. This innovation demonstrates ACE’s continued commitment to providing comprehensive and streamlined product offerings designed to meet our clients’ needs.”
ACE’s coordinated insurance solutions for the manufacturing industry -- through its ACE PaCSM product, combining primary general liability and pollution liability, offers the following:
AD&D Coverage Highlights:
In addition, ACE offers the following key advantages through this new product:
Insurance is provided by insurers with the ACE Group or its allied distribution associates. The product highlights above are a summary only, please see actual policy for terms and conditions. All products may not be available in all states. Surplus lines insurance sold only through licensed surplus line producers. Risk control activities conducted on behalf of the insurer are not intended as a direct benefit to the insured.
ACE Custom Casualty, a unit of ACE USA, offers small startups to large corporations one of the broadest multi-line product suites for manufacturers and distributors with pollution exposures; traditional and renewable energy risks, as well as general casualty for commercial concerns. For more information, please visit our website.
ACE Accident & Health, a unit of ACE USA, is committed to delivering a wide range of insurance products—from traditional employers’ accident programs to specialty coverages for various types of groups and their members. These products help protect against the serious financial consequences of a sudden injury or illness. To learn more about ACE Accident & Health, please visit our website.
ACE USA is part of the ACE Group, a global leader in insurance and reinsurance serving a diverse group of clients. The ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 53 countries, ACE provides commercial and personal property and casualty insurance, personal accident supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of the ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index. Additional information can be found at: www.acegroup.com.