ACE Umbrella PlusSM Commercial Umbrella Liability Insurance for Mid-Sized to Large U.S. Companies
ACE Umbrella/Excess is designed to provide U.S. mid-sized to large corporations with competitive excess casualty alternatives, coupled with consistent, timely service and predictable claims handling.
Benefits:
- Solution provider across middle market spectrum
- Broad appetite for risk and underwriting flexibility
- Admitted, competitive, service-oriented alternative for more hazardous risks
- Exceptional pricing on lower hazard risks, based on differentiated rating model and low minimum premiums
- Industry leading responsiveness and tailored coverage options
- Experienced regionally deployed middle market umbrella underwriters, with authority and flexibility for rapid response
- Industry leading terms for lead umbrella and excess attachments
- Commitment to pre-loss contract certainty
- Experienced umbrella claims specialists: consistent expert defense for insureds
Coverage:
- Fully customizable, ISO 2004 based excess casualty coverages
- Lead umbrella or excess layer within the first $100 million
- Ability to schedule a wide range of underlying coverages
- Ability to provide industry leading coverage enhancements including proprietary SiteSure® Pollution and Catastrophe Management endorsements
Minimums & Limits
Minimums
- $10,000 policy or $1,000 per million of limits
- 15% standard commission
- A- VI rating by AM Best for all underlying carriers
Limits
- $25 million
- $0 retained limit for most insureds
- Per location aggregate available
Target Client
Companies with:
- Up to $1 billion in annual revenue
- Variety of dissimilar operations and compressed time schedules (Private Equity Groups)
- Unique attributes that require underwriting, coverage and pricing flexibility
- History of limited options in standard market
Product Manufacturers of all types from light to heavy industrial
Low hazard industries that need financially sound capacity for competitive prices, such as:
- Banks and Financial Institutions
- Business and Professional Associations
- Food and Beverage Processors
- Hospitality including Hotels and Resorts
- Museums and Cultural Institutions
- Radio and Television Broadcasters
- Real Estate Owners and Managers (REITs, habitational, commercial and industrial)
- Retail of all types from consumer goods to heavy industrial
- Trade and Vocational Schools
- Wholesale distribution of all types of products
Companies that value:
- Consistent underwriting and pricing
- Professional claims handling
Restricted Classes
- Aviation products
- Asbestos products
- Contractors: may be available through the ACE Construction unit
- Daycare operations (except incidental exposures)
- Energy operations: may be available through the ACE Energy unit
- Healthcare facilities and providers
- Livery operations (except incidental exposures)
- Medical products (invasive)
- Mobile phone products
- Municipalities and government entities also see ACE Public Entities Industry Practice
- Nursing homes and assisted living facilities
- Pharmaceutical & nutraceutical products
- Professional employment organizations (PEOs)
- Social service and religious organizations
- Trucking operations (hauling goods for hire)
- Welding rod/manganese products and operations
