ACE International Expands Travel Risk Coverage to Renewable Energy Industry

ACE Commercial Risk Services, the U.S.-based small business insurance division of the ACE Group, has added additional capability enhancements to its portal www.ACEAdvantage.NET, the Internet-based rating system of its ACE International Advantage® division.

The portal now includes international trip/travel coverage for small- to-mid-sized U.S.-based renewable energy companies doing business overseas. The availability of this coverage and access to the ACEAdvantage.NET portal offers agents and brokers a streamlined process for automatic rating, quoting, binding, and issuing the ACE International Advantage package policy.

ACEAdvantage.NET offers a lower minimum premium for its trip/travel product offering, and the ability to customize coverages for the needs of renewable energy organizations with employees traveling the globe. This coverage is available for a range of renewable energy industries, including power generation and utility operators, which include wind, solar and independent power producers, biofuel plants and component part original equipment manufacturers (OEMs).

Features of the ACEAdvantage.NET international package policy include:

• Employers responsibility with executive assistance services:
  • Emergency medical evacuation/repatriation
  • Political evacuation/relocation
  • Foreign voluntary compensation
  • Contingent employers liability

  The core coverage can be supplemented, based upon the client and broker’s risk assessment and cost analysis, to include the following additional coverages:

  • General liability
  • Enhanced employee protection including kidnap & extortion, natural disaster Evacuation, and business personal property

  Renewable energy companies with annual international sales of more than $10 million will be directed to a specialized ACE International Advantage underwriter who can offer tailored coverage to the insured, including the ability to coordinate global programs through ACE’s Global Network.

  ACE’s international casualty product suite offers insurance products for U.S.-based companies and organizations that travel or have operations outside the U.S. from package policies to complex multinational programs with sophisticated risk transfer options.

  Popular Today

  • 15 Californians Charged in Complex Auto Insurance Fraud Ring
  • Greater Chance of Major Hurricane on East Coast This Year, Less in Gulf, Scientist Says
  • Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance
  • Farmers to Resume Offering Key Lines of Business Insurance in California