|By Business Wire||
|May 7, 2014 03:00 AM EDT||
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:
- 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
- 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:
- Policy limits from £250k up to £5 million in the aggregate
- Excess levels as low as £2,500
- Premiums starting from £350
- Cover available for businesses with a turnover of up to £50 million
- No limit on the number of properties
- Covers businesses with operations within the UK only
- 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.”
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
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