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Ace USA launches catastrophe liability policy for construction

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Ace USA, a unit of Ace Ltd., has launched the Ace catastrophe liability plus policy for the construction industry, the insurer said Monday.

The product, offered through its excess casualty division, consolidates multiple catastrophe liability endorsements into a single policy and is available for construction wrap-up programs, the insurer said in a statement.

The benefit of expanded catastrophe liability coverage is its ability to protect contractors from potential excess exposures by creating a tower of insurance over the main general liability program and eliminating the need for additional endorsements, according to the statement.

Limits are available of up to $25 million, the insurer said.