TORONTO, June 19, 2012 /CNW/ - ACE Canada, the Canadian-based operating
division of the ACE Group, today announced the launch of ACE Advantage® Architects and EngineersSM professional liability insurance. This new product provides domestic
and international coverage against the numerous perils faced by design
professionals including, professional negligence, pollution incidents,
and personal injury.
The challenges faced by today's design professional have proliferated --
broadening contractual requirements, increased emphasis on
sustainability, new developments in design technologies and heightened
client expectations are but a few difficulties faced by professionals
practicing in this industry. In addition to these challenges, any
ensuing litigation can threaten a design professional's financial
stability and carefully cultivated reputation.
"Canadian design professionals are increasingly called to conduct
business in emerging economies," said Michael Trendler, Vice President,
ACE Professional Risk. "ACE Advantage Architects and Engineers
professional liability policy provides global coverage supported by
ACE's worldwide network of offices located in all principal markets."
ACE Advantage Architects and Engineers Professional Liability Coverage Highlights:*
Complimentary pre-claims assistance
Broad professional services definition
Blanket additional insured status for all clients of named insured under
contractor's pollution liability
Innocent insured's coverage
Joint venture coverage
Predecessor firm coverage
Automatic subsidiary coverage up to 90 days
Punitive damages with most favorable venue
Claims mediation credit up to $25,000
Supplemental coverage for insured expense reimbursement $300 per/day
Specific project excess limits
To learn more about ACE Canada's Professional Risk portfolio, please
contact Michael Trendler at (416) 594-3073 or email@example.com or visit www.ace-ina-canada.com.
*Product highlights are summaries only; please see actual policy for
terms, conditions and exclusions. Product remains subject to ACE
Professional Risk's underwriting criteria.
ACE Canada® refers to ACE INA Insurance and ACE INA Life Insurance, subsidiaries of
the ACE Group, and is rated AA- (Very Strong) by Standard & Poor's and
A+ (Stable) by A.M. Best Company. ACE Canada, through its underwriting
companies, provides insurance products and services throughout Canada.
Additional information on ACE Canada and its products and services can
be found at www.ace-ina-canada.com. The ACE Group is one of the world's largest multiline property and
casualty insurers. With operations in 53 countries, ACE provides
commercial and personal property and casualty insurance, personal
accident and supplemental health insurance, reinsurance and life
insurance to a diverse group of clients. ACE Limited, the parent
company of the ACE Group, is listed on the New York Stock Exchange
(NYSE: ACE) and is a component of the S&P 500 index. Additional
information can be found at: www.acegroup.com.
SOURCE ACE INA Insurance
For further information:
ACE Canada Communications