LONDON--(BUSINESS WIRE)--
ACE Group today announced the launch of its environmental liability
insurance cover for UK SMEs as it continues to build its portfolio of
products available via ACE Online, its online trading platform.
Emma Bartolo, UK & Ireland Environmental Risk Manager, ACE (Photo: Business Wire)
Specifically designed to fill extensive coverage gaps in traditional
property and casualty policies, ACE’s environmental cover responds to
both pollution and biodiversity damage claims arising out of the EU
Environmental Liability Directive. By using ACE’s online platform, ACE
Online, brokers will be able to quote, bind and renew their
environmental risk cover and benefit from the following advantages:
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New wording based on ACE’s broad Environmental Protect Policy which
includes cover for all of the insured’s business operations as well as
first party business interruption, transportation and all
environmental damage, not just that resulting from pollution
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Ability to obtain a quote for a wide range of industry groups by only
supplying the insured’s name, address, business activity and annual
turnover
Key cover parameters include:
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Policy limits from £250k up to £5 million in the aggregate
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Excess levels as low as £2,500
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Premiums starting from £350
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Cover available for businesses with a turnover of up to £50 million
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No limit on the number of properties
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Covers businesses with operations within the UK only
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Annual, operational cover
Emma Bartolo, Environmental Risk Manager, UK & Ireland at ACE said:
“We are proud to be offering comprehensive environmental risk cover to a
wide range of businesses across the UK. We are the first to provide such
cover online, which makes it easy and hassle-free for brokers to quote
and bind. While environmental risk is often perceived as complex, we
offer broad cover on a simple to use and flexible online platform,
giving brokers and businesses the confidence that they will be
adequately protected.”
Ends
About ACE:
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 and
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.
ACE UK & Ireland’s five regions are:
· Ireland (Dublin and Belfast) · Scotland (Glasgow, Aberdeen) · The
North (Leeds, Manchester, Newcastle) · Midlands (Birmingham) · London
and South East (London, Maidstone, Reading, Watford)
Additional information can be found at: www.acegroup.com/uk
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140507005092/en/
Source: ACE