March 17, 2015
Streamlined Premises Pollution Liability Policy Includes: Built-in Coverage for First-Party Business Interruption, Catastrophe Management, Emergency Response Costs and Access to ACE ALERTSM
PHILADELPHIA–(BUSINESS WIRE)– ACE Group today announced the enhancement of its Premises Pollution Liability (PPL) and Premises Pollution Liability Portfolio (PPL Port) Insurance policies to provide additional coverages for growing environmental day-to-day operational exposures faced by both domestic and multinational businesses. Additionally, the enhanced PPL and PPL Port coverages have been redesigned to accommodate industry-specific endorsements that provide specific coverage for Healthcare, Public and Educational Entities and U.S. Multinational businesses to address a variety of residential, commercial, retail and industrial risks. Each new policy will receive access to ACE ALERTSM (ACE Logistical Environmental Response Technology) — ACE’s complimentary program that offers 24/7 immediate support for environmental releases of hazardous materials and other regulated substances.
The ACE USA Environmental Risk Premises Pollution Liability policies serve stakeholders in residential, commercial, retail and industrial facilities. Insurance coverage is provided with limits up to $50 million and with a minimum premium of $10,000.
Key features of the base PPL policy include:
- Coverage for identified sites within the United States (coverage for international jurisdictions is available by endorsement)
- Third-party liability coverage for Bodily Injury and Property Damage, including Natural Resource Damages
- Remediation expenses covered for both on-site releases and off-site migration