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ACE Umbrella PlusSM Commercial Umbrella Liability Insurance for Construction Industry

ACE Umbrella/Excess Liability insurance offers specialized solutions for the construction industry, which include standard and specialty lead umbrella and excess liability insurance.

Benefits:

  • Experienced construction underwriting and claims specialists
  • Innovative solutions to address unique construction-related requirements
  • Appetite for large complex risks including specialty underwriting and loss control
  • Ability to produce locally admitted policies in most countries

Coverage:

  • Lead or Excess Capacity - Umbrella or Follow Form Excess
  • Practice policies
  • Term of project policies and extended completed operations coverage
  • Project specifics
  • Wrap-Ups (CCIP/OCIP)

Minimums & Limits

Minimums:

  • Minimum premium: $50,000
  • Minimum underlying requirements: $2M per occurrence/$4M aggregate for general liability, (except in NY where 5/10/10 limits are required, $1M for employers liability and $1M for auto liability
  • General Contractors - $100M revenue or greater
  • Trade Contractors - $50M revenue or greater
  • OCIP’s, CCIP's, Joint Ventures, Project Specifics – Projects with Construction Value of $100M of more

Limits:

  • Up to $25M per occurrence/aggregate - additional limits may be available
  • Attachment point: preferred attachment point within first $100M excess of underlying insurance

Target Client

Target Clients:

  • Commercial contractors
  • Apartments – units not owner occupied
  • Commercial Occupancies – Manufacturing, Industrial contractors, Warehouse or Office
  • Healthcare projects
  • Hospitality
  • Infrastructure Projects – bridges, tunnels
  • Maintenance Wraps – energy, manufacturing, utilities
  • Energy Plants – new and upgrades

Restricted Classes:

  • Subject to individual program and risk assessment and underwriting
  • Residential construction