ACE UK has launched Environmental Protect, a policy offering coverage for both small to medium-sized companies and multinational operations. The new policy comes as submissions from regional and London market brokers across a range of risks continue to increase.
ACE Environmental Protect has been developed to provide standard wording and coverage for multiple markets, including UK corporate risk, multi-national operations and major risk casualty business. It can be provided on a standalone and endorsement basis. All risks will be underwritten individually by the ACE Environmental Risk team, based in London and Manchester.
The new policy form includes the coverages under ACE’s premises and contractors pollution liability policies, but can also offer the following without endorsement:
- Liability under the Environmental Liability Directive, not limited to pollution events and including loss mitigation costs;
- First-party transportation liability;
- Products pollution liability;
Environmental Protect is aimed primarily at ongoing operational environmental risks, but can also address the legacy liabilities from historical contaminated land exposures.
Source: ACE UK