PHILADELPHIA--(BUSINESS WIRE)--
ACE Group today announced that the ACE Medical Risk Group has enhanced
its Life Sciences capabilities to include a commercial package offering
comprised of general liability, inland marine, crime, umbrella liability
and business automobile coverages to help address the unique needs of
life sciences companies. The enhanced ACE Life Sciences Commercial
Package Policy provides higher limits and is offered in conjunction with
ACE’s products-completed operations liability offerings for U.S.-based
life sciences companies.
“Today’s life science companies need business partners who can provide
comprehensive solutions for the daily risks and challenges they face,”
said Tristan Gabriel, Senior Vice President, ACE Medical Risk Group.
“Enhancing our comprehensive package with additional coverages and
increased limits allows us to round out our insurance program to meet
the unique needs of our life sciences customers.”
“As a result of current growth in the life sciences market, and with the
rapid advances in science and technology relating to clinical trials, it
is critical for ACE to offer our customers effective risk management
strategies in addition to a complete insurance solution,” said Caroline
Clouser, Executive Vice President, ACE Medical Risk Group.
Key features of ACE’s Life Sciences Commercial Package Policy available
include:
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Property (with Business Income option)
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Inland Marine coverages
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Crime
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Equipment Breakdown
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General Liability
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Business Automobile
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Umbrella Liability
ACE offers flexible global solutions for the risks and exposures that
life sciences companies face. With a highly trained and experienced
staff, ACE takes a strategic approach to underwriting, offering
specialty liability products focusing on biotechnology, specialty
pharmaceutical, medical device companies and human clinical trials.
ACE Medical Risk Group, a business division of ACE USA, provides primary
and excess medical professional liability for hospitals, miscellaneous
healthcare facilities, and managed care errors and omissions coverage.
In addition, ACE offers products-completed operations liability for
clinical trials, biotechnology, and specialty pharmaceutical companies,
as well as a package policy that includes property, auto and crime
coverages through its Life Sciences unit. To learn more about ACE’s
Medical Liability products and services, please visit
our website. Insurance is provided by ACE American Insurance
Company, Philadelphia, PA, and in some jurisdictions, other insurance
companies within 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 conditions of
the contract.
ACE Group is one of the world’s largest multiline property and casualty
insurers. With operations in 54 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 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.
Source: ACE Group