ACE USA, the US based retail operations of the ACE Group, has enhanced the coverage for buyers of its combined general liability and pollution policy form ACE PaC, developed for mid-sized clients in the chemical industry with pollution exposures.
The ACE Chemical Product Withdrawal Expense Coverage Endorsement provides insurance coverage for those extra costs sustained to change, repair or repurchase a product that must be withdrawn as a result of unintentional failures or errors that influence purity, safety or effectiveness, from many causes including tampering and sabotage, claims ACE.
ACE PaC is a specialized insurance product suitable for small, mid-sized and multinational companies engaged in chemical and chemical component manufacturing, distributing, and the chemical mixing and blending process.
The company caters a synchronized insurance coverage for the chemical industry through its ACE PaC product, which combines primary general liability and pollution liability.
According to the company, all products may not be available in all states and surplus lines insurance is marketed only through licensed surplus lines producers.
The ACE Group, with operations in 53 countries, offers commercial and personal property and casualty insurance, personal accident supplemental health insurance, reinsurance and life insurance to a diverse group of clients.