PHILADELPHIA – March 1, 2005 – ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, today announced that its ACE Environmental Risk unit has launched a web-based underwriting facility that enables brokers to access Contractors Pollution Liability Coverage (CPL),
www.aceecpl.com.
The new ACE eCPL website offers the following
- Cost-effective and automated system for online quoting and binding coverage
- Addresses needs of environmental and non-environmental classes of business
"We are pleased to offer this online tool to the brokerage community to meet their needs for an efficient platform for securing Contractors Pollution Liability coverage," said Karl Russek, Senior Vice President, ACE Environmental Risk. "ACE eCPL complements and enhances the product and services offerings of the ACE Environmental Risk Unit."
Contractors Pollution Liability Coverage (eCPL) is designed to offer claims-made-and-reported contractors pollution coverage to commercial contractors with coverage for environmental and non-environmental classes of business, including general and trade contractors. Designed for clients generating $5 million or less in annual revenue, optional coverage is available to address mold liability with available limits offered up to $500,000 per claim.
ACE Environmental Risk, a division of ACE USA, offers a full range of environmental liability solutions designed to minimize bottom line impacts and provide hands-on management for those liabilities. Non-admitted products are available through licensed brokers. ACE's environmental liability offerings also include premises pollution liability, contractor's pollution liability, remediation cost containment and blended finite risk programs.
For more information, please contact Karl Russek, Senior Vice President of ACE Environmental Risk at (215) 640-4786 or visit:
www.aceecpl.com.
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ACE USA is the U.S.-based retail operating division of The ACE Group of Companies, headed by ACE Limited (NYSE: ACE), and is rated A (Excellent) 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.ace-ina.com. The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients around the world.