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ACE USA Expands Coverage For Hospitals And Miscellaneous Healthcare Facilities

Stocks in this article: ACE

Patient Property Damage Coverage Endorsement:

Provides reimbursement limits up to $5,000 for property damage to patient’s personal property while the patient is being treated at the facility. The endorsement helps defray the cost of claims by patients for lost, stolen or damaged articles.

The aggregate limit of insurance for the various endorsements is separate from and does not erode the professional liability or general liability limits of insurance. Further, the limits are not subject to any policy deductibles.

ACE Medical Risk and Life Science’s liability offerings include primary and excess medical professional liability for hospitals, and miscellaneous healthcare facilities, and managed care errors and omissions coverage. In addition, ACE offers products liability for clinical trials, biotechnology, and specialty pharmaceutical companies, as well as a comprehensive package policy that includes property, auto and crime coverages through its Life Sciences unit. To learn more about ACE’s Medical Liability products and services, please visit our website.

Insurance is provided by insurance companies within the ACE Group. The product information above is a summary only. The insurance policy actually issued contains the terms and limits of the contract. Products may not be available in all locations and remain subject to ACE Medical Risk’s underwriting criteria and applicable rates. For more information please contact Bret Spicer at Bret.Spicer@acegroup.com or call (913) 491-2052, or visit our website.

ACE Medical Risk & Life Sciences is part of ACE USA, the U.S.-based retail operating division of the ACE Group, headed by ACE Limited, and is rated A+ (Superior) by A.M. Best Company and A+ (Strong) by Standard & Poor’s. ACE USA, through its underwriting companies, provides insurance products and services throughout the U.S. Additional information on ACE USA and its products and services can be found at www.acegroup.com/us . 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 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 .

Copyright Business Wire 2010
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