Public Company Information:
NYSE: ACE
PHILADELPHIA--(BUSINESS WIRE)--The ACE Group today announced the release of a new advisory entitled,
“Healthcare Construction: Managing the Environmental Risks.” The
advisory discusses the potential risks and considerations healthcare
organizations should identify during new construction or renovation
projects. The advisory also examines opportunities to help mitigate the
risks of potential pollutant exposures and describes how healthcare
organizations can meet higher standards of care and take a proactive
approach to risk management to help minimize the potentially harmful
effects of pollutants during construction.
“To keep pace with the advances in medical technology and the advent of
healthcare reform, healthcare organizations have begun to upgrade their
facilities or build new ones to better serve their patients,” said Craig
Richardson, Senior Vice President, ACE Environmental Risk. “During new
healthcare construction or renovation projects, environmental risks can
be a challenge because of the hazards the work poses to patients, staff
and visitors. ACE’s Environmental Risk Practice understands these risks
and has developed this advisory to provide useful information to help
healthcare facilities better mitigate future pollution risks.”
The ACE Environmental Advisory was authored by Gerry Rojewski, Vice
President and North America Product Line Manager for the ACE
Environmental Contractor Program. The advisory is part of a larger
series of papers that ACE produces, which are designed to provide useful
information on current industry topics faced by risk managers.
Additionally, the advisory explains how healthcare organizations should
put preventative measures in place at the onset of a project which
include securing the appropriate environmental insurance coverage.
According to Mr. Rojewski, “It’s a critical step for healthcare
organizations to ensure they have the appropriate pollution insurance
coverage in place as part of their overall construction project
strategy.” He added, “When seeking the right environmental coverage,
contractors should purchase a policy that can be tailored to suit their
needs. More specifically, they should consider an owner-controlled
insurance program (OCIP), which provides pollution coverage for all
construction activities at a particular facility or group of facilities.
ACE recently launched a Contractor Pollution Liability (CPL)
healthcare-specific OCIP program for this very reason. Our program helps
both healthcare facility owners and contractors prevent coverage gaps
resulting from a wide variety of environmental risks during construction
projects by using a single policy form.”
To access the report, please visit
our website. The material presented in this report is not intended
to provide legal or other expert advice. It is presented as
informational only. Readers should consult legal counsel or other
technical experts, as applicable, with any specific questions they may
have.
ACE Environmental Risk, is a division of ACE USA, and part of the ACE
Group. ACE Environmental Risk offers a full range of environmental
liability solutions designed to minimize bottom-line impacts, and
provide hands-on management for those liabilities. For more information
about ACE Environmental Risk and its range of products and services,
please visit
our website.
Insurance is provided by insurance companies within the ACE Group. All
products may not be available in all jurisdictions. The product
information above is a summary only. The insurance policy actually
issued contains the terms and limits of the contract.
ACE USA is the U.S.-based retail operating division of the ACE Group,
headed by ACE Limited, 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.acegroup.com/us.
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.
"It’s a critical step for healthcare organizations to ensure they have the appropriate pollution insurance coverage in place as part of their overall construction project strategy."
Contact:
ACE North America Communications
Carla Ferrara, 215-640-4744
carla.ferrara@acegroup.com