Advertise
Resources
Member, Beacon International Group, Ltd.
PHILADELPHIA—ACE USA has expanded its commercial insurance coverages for the health care industry with the launch of a health care premises pollution policy.
The Healthcare Premises Pollution Liability Insurance Policy aims to address the environmental risks of health care organizations, the Philadelphia-based unit of ACE Group of Cos. Ltd. said in a Friday statement.
The coverage “is a stand-alone premises pollution policy with coverage grants specific to health care industry,” said William P. Hazelton, executive vp at ACE Environmental Risk.
Policy terms
The policy, which is intended for hospitals, long-term and short-term care facilities, and inpatient and outpatient surgical centers, among others, provides facility pollution and facility-borne illness coverages with a standard premises pollution product, ACE said in the statement.
“Escalating environmental regulations are causing health care organizations to examine their potential liability due to polluting incidents,” Caroline Clouser, executive vp at ACE Medical Risk, said in the statement.
The policy includes features such as a claims-made and reported health care premises pollution liability form, a definition of pollution condition that includes medical, red bag, infectious or pathological wastes, and an underwriting focus on due diligence processes rather than specifically underwriting each location, ACE said.
“Our health care policy helps fill the gaps in risk management and insurance programs that may be caused by emerging environmental regulations and polluting incidents,” Mr. Hazelton said in the statement.
WILKES-BARRE, Pa.—ACE Ltd. is expanding in the specialty insurance market with the $107 million cash acquisition of Penn Millers Holding Corp.