ACE Launches New Coverage for Hospitality, Real Estate Industries

November 2, 2011

ACE USA, the U.S.-based retail operations of the ACE Group, has introduced endorsements for its ACE Umbrella policies, which are designed to address risks faced by the hospitality and real estate industries.

Two new endorsements complement the ACE Umbrella Plus Commercial Umbrella Liability policy by expanding coverage for hotel operations and restaurants and for commercial real estate, including coverage for bodily injury and property damage occurring on and off the premises. Hotels and restaurants also receive additional coverage for certain pesticide, herbicide, fungicide, fungus, mold and bacterial conditions that are of concern to this industry segment.

Features of ACE Excess Casualty Coverage Extension for Hospitality clients:

  • Products liability for goods consumed on the premises of restaurants
  • Liquor liability coverage
  • Revised fungi exclusion to cover fungi intended for human consumption
  • Limited mold coverage for bodily injury to customers in short stay hotels (fewer than ten nights)
  • Third party discrimination included as an offense under personal and advertising injury
  • Garagekeeper’s legal liability coverage
  • Coverage for sudden and accidental pollution from herbicide, pesticide and fungicide application as well as pool and spa chemicals

Features of ACE Excess Casualty Coverage Extension for Real Estate clients:

  • Third party discrimination included as an offense under personal and advertising injury
  • Garagekeeper’s legal liability coverage
  • Coverage for sudden and accidental pollution from herbicide, pesticide and fungicide application as well as pool and spa chemicals
  • Option for insured to include limited liability company engaged in similar real estate holdings
  • Modified professional exclusion to cover non-structural, construction-related services

All ACE Umbrella Plus policies include catastrophe management coverage, which helps clients by providing advance funding directly to third-parties for managing threats to an organization’s reputation and other expenses related to a covered catastrophic event.

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