ACE Commercial Risk Services offers a competitive and comprehensive commercial umbrella policy for smaller companies. This policy is accessible through an exceptional online platform that allows brokers to rate, bind and issue policies instantly for their small commercial clients.
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- OVERVIEW
- ADVANTAGES
- COVERAGE
- LIMITS
- MINIMUM UNDERLYING REQUIREMENTS
- TARGET CLIENT
- RESTRICTED CLASSES OR INDUSTRIES
- SUBMISSIONS
- DETAILED MARKETING SHEET
Overview
A liability umbrella policy is coverage that no business should go without. ACE Commercial Risk Services provides lead umbrella coverage for smaller accounts.
Advantages
- Expertise: We are one of the largest specialty-lines insurers in the United States; we are experts in protecting small businesses.
- Competitiveness: We apply our focus and expertise to keep our products and prices among the best in the business.
- Reliability: Our outstanding financial strength makes us one of the most reliable insurers of small businesses.
- Accessibility: We work with some of the best insurance brokers and program-managers across all fifty states.
Coverage
Umbrella coverage over general liability, auto liability, employer liability and liquor liability policies.
Key Advantages
- Policy limits up to $5 million
- $500 minimum premium per layer
- Policy premium up to $10,000
- Available as standalone or over our ACE Specialty Commercial Products
- Written on admitted paper
- Product available in 47 states and the District of Columbia (except Alaska, Louisiana and Vermont)
- ACE Catastrophe Management insurance with annual limits up to $250,000
- Over 260 classes available
Limits
General Liability
- $1 million, per occurrence
- $2 million general aggregate
- $1 million products-completed operations aggregate
- $1 million personal & advertising injury
Minimum Underlying Requirements
- Employee Benefits Liability: $1 million each occurrence/$1 million general aggregate
- Auto Liability: $1 million Combined Single Limit
- Employers Liability: $500,000 each accident, $500,000 disease-policy limit, and $500,000 diesease- each employee
- Liquor Liability: $1 million each common cause or each occurrence/$1 million general aggregate
- All underlying carriers must be rated A-VI or better by A.M. Best
- All policies must provide defense costs in addition to the limits (Defense Outside)
Target Client
All Standard Classes of Business, including:
- Commercial & Habitational Real Estate
- Homeowners & Condominium Associations
- Hotels/Motels
- Professional Offices
- Restaurants
- Retail Trade
- Service Industry
- Artisan Contractors
- Bowling Centers
Restricted Classes or Industries
- Aviation products
- Energy (including fuel oil dealers)
- Healthcare
- Trucking and Transportation
- Pharmaceuticals & Nutriceuticals
- Professional liability
- Nursing Homes
Submissions
Quote and issue in minutes with ACE Solutions Fast TrackSM
Send submissions to: CRSPackage@acegroupx.com or call 888.762.9223
