ACE Enhances Life Sciences Coverage Offerings

April 24, 2014

The ACE Medical Risk Group has enhanced its life sciences capabilities to include a commercial package offering comprised of general liability, inland marine, crime, umbrella liability and business automobile coverages to help address the needs of life sciences companies. The enhanced ACE life sciences commercial package policy provides higher limits and is offered in conjunction with ACE’s products-completed operations liability offerings for U.S.-based life sciences companies.

Key features of ACE’s life sciences commercial package policy include:

  • Property (with business income option)
  • Inland marine coverages
  • Crime
  • Equipment breakdown
  • General liability
  • Business automobile
  • Umbrella liability

ACE offers flexible global products for the risks and exposures that life sciences companies face and offers specialty liability products focusing on biotechnology, specialty pharmaceutical, medical device companies and human clinical trials.

ACE Medical Risk Group, a business division of ACE USA, provides primary and excess medical professional liability for hospitals, miscellaneous healthcare facilities, and managed care errors and omissions coverage. In addition, ACE offers products-completed operations liability for clinical trials, biotechnology, and specialty pharmaceutical companies, as well as a package policy that includes property, auto and crime coverages through its Life Sciences unit.. Insurance is provided by ACE American Insurance Co., Philadelphia, and in some jurisdictions, other insurance companies within ACE Group.

 

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