News Details

• Streamlined Premises Pollution Liability Policy Includes: Built-in Coverage for First-Party Business Interruption, Catastrophe Management, Emergency Response Costs and Access to ACE ALERT^SM

PHILADELPHIA--(BUSINESS WIRE)-- ACE Group today announced the enhancement of its Premises Pollution Liability (PPL) and Premises Pollution Liability Portfolio (PPL Port) Insurance policies to provide additional coverages for growing environmental day-to-day operational exposures faced by both domestic and multinational businesses. Additionally, the enhanced PPL and PPL Port coverages have been redesigned to accommodate industry-specific endorsements that provide specific coverage for Healthcare, Public and Educational Entities and U.S. Multinational businesses to address a variety of residential, commercial, retail and industrial risks. Each new policy will receive access to ACE ALERT^SM (ACE Logistical Environmental Response Technology) -- ACE’s complimentary program that offers 24/7 immediate support for environmental releases of hazardous materials and other regulated substances.

The ACE USA Environmental Risk Premises Pollution Liability policies serve stakeholders in residential, commercial, retail and industrial facilities. Insurance coverage is provided with limits up to $50 million and with a minimum premium of $10,000.

Key features of the base PPL policy include:

• Coverage for identified sites within the United States (coverage for international jurisdictions is available by endorsement)
• Third-party liability coverage for Bodily Injury and Property Damage, including Natural Resource Damages
• Remediation expenses covered for both on-site releases and off-site migration

Key program enhancements of the base PPL policy include:

• Coverage for emergency response costs, including easy access to report emergencies via ACE ALERT^SM
• Indoor Environmental Conditions coverage, which includes coverage for fungi or legionella
• First-party Business Interruption coverage arising from Pollution Conditions or Indoor Environmental Conditions
• Catastrophe Management Costs coverage arising from Pollution Conditions or Indoor Environmental Conditions
• Pollution Liability coverage arising from transportation of materials, goods, products or wastes
• Pollution liability coverage arising from an Insured’s disposal of waste at non-owned disposal sites

“As environmental exposures continue to challenge everyday business operations, we recognized the need to provide enhanced coverage to help protect against a wider range of potential risks such as catastrophic events, emergency response incidents, along with pollution liability resulting from transportation of materials and indoor environmental contaminants,” said Craig Richardson, Senior Vice President, ACE Environmental Risk. “By consolidating our coverages into two products and offering industry-specific endorsements, ACE Environmental Risk can now provide clients with a better ease of understanding policy terms while addressing key industry-specific exposures quicker and more efficiently.”

To read more detail about the coverage enhancements, including conditions, click here. Insurance is provided by 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 limits of the contract.

ACE ALERT^SM is offered through Spill Center, a North American leader in environmental regulatory reporting and spill support that draws from a database of more than 3,500 environmental cleanup contractors throughout North America who are experienced and equipped to react to particular kinds of spills. Reporting a spill using ACE ALERT^SM services offered through Spill Center is not an indication that coverage is available under your policy. Any communications in connection with your use of ACE ALERT^SM services offered through Spill Center are not intended to alter, amend or provide interpretive commentary on any insurance policy contracts. Spill Center is not a subsidiary or affiliate of the ACE Group. ACE Group disclaims all liability, loss, damages and other costs that may arise out of your use of or reliance upon any spill reporting services, other services, communications and representations or warranties made by Spill Center or its affiliates.

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.

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. Product highlights are summaries only; please see the actual policy for terms and conditions. Product offerings may vary by ACE location.

About ACE Group

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. Additional information can be found at www.acegroup.com, or follow ACE on Twitter, https://twitter.com/ACEGroupNA.

Source: ACE Group