ACE Commercial Risk Services, the commercial specialty lines business of ACE Group that serves small businesses, has introduced several specialty commercial products.
The company said that these expanded products were available through ACE Solutions Fast Track, the online small business underwriting site from ACE Commercial Risk Services. The new products and coverages include:
- Lessor's Risk BOP: Business Owners Policy (“BOP”) to protect owners of real estate investment property rented to others;
- Liquor Liability: Covering hospitality risks including bars, restaurants, retail stores, and nightclubs;
- Commercial Umbrella: Umbrella coverage over the ACE BOP or other approved package, auto, and employer liability carriers;
- Employment Practices Liability Insurance BOP Enhancement (“EPLI”): Provides coverage for defense costs and damages stemming from various employment-related claims;
- Privacy Liability & Data Breach Insurance BOP Enhancement (“Cyber”): Provides coverage for attorney's fees and damages for not properly handling, managing, storing, destroying, or otherwise controlling personal information; and
- Professional Liability BOP Enhancement: Provides ACE errors and omissions coverage on a BOP endorsement to a wide range of professional classes.
“Our goal at Commercial Risk Services is to continue to expand our product offerings for small businesses in North America so that our brokers can provide a complete insurance solution,” said David Charlton, the president of specialty and micro lines at ACE Commercial Risk Services. “With these new products and services enabled on our ACE Solutions Fast Track system, we are delivering customizable coverage for twice the number of business class codes we have offered in the past. This further enhances our commitment and superior service to insurance brokers serving small businesses across a wide range of industries throughout the United States.”
Learn more: www.acegroup.com.