Small commercial specialty lines business Ace Commercial Risk Services has introduced new product suite under the Specialty Commercial Products for Small Businesses, which is available on a business owners policy (BOP).
Provided through Ace Solutions Fast Track, the new product suite allows small business owners to purchase a BOP, or monoline general liability product for more than 100 specific small business classes.
Ace Commercial Risk Services specialty and micro-business division president David Charlton said: "Too often, small business owners fail to secure comprehensive insurance coverage that can help ensure the success of their business."
The company is making the new product suite available for professional offices such as accounting or bookkeeping firms, insurance agencies, law firms, and medical offices, as well as retail businesses such as bookstores, gift shops and hardware stores.
It is also available for service businesses such as barber shops, beauty salons, photographers, and shoe repair shops and artisan contractors, including carpentry, electrical, handyperson and dry wall.
The new coverage options include up to $5,000,000 in total property values or $1,000,000 in sales and up to $1,000,000/$3,000,000 in general liability limits.
The product suite offers business owners package coverage form that automatically includes more than 15 unique coverage enhancements.
Ace’s recent products and enhancements comprise Vacant Building/Vacant Land coverage, Not for Profit Management Liability, Community Associations.