Excess Casualty Insurance for Hospitality and Real Estate Businesses
ACE Excess Casualty offers enhanced coverage options for hospitality and real estate clients in the form of robust, easy to use endorsements for ACE Umbrella policies. We have the underwriting, claim management and loss control specialists to provide tailored solutions for these specialized industry segments.
Benefits:
- Industry leading terms and conditions tailored to real estate and hospitality clients
- Admitted coverage
- Underwriting specialists deployed throughout the U.S.
- Claims management expertise in real estate and hospitality risks
- Long term claims-paying capability, supported by a strong balance sheet
- ACE long-standing commitment to provide the highest level of service
Coverages
Specialty coverage extensions for hotel operations and restaurants (with less than 30% liquor receipts), including:
- Products Completed-Operations to cover restaurant operations
- 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 10 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
Specialty coverage extensions for commercial building owners, investors and managers, including:
- 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 (Means and Methods)
Minimums & Limits
Annual minimum premium starting at $10,000 per policy or $1,000 per $1 million of limits
Target Client
Hospitality Segments
- Hotel operations and restaurants (with less than 30% liquor receipts)
Real Estate Segments
- Commercial building owners, investors and managers
