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TheStreet Open House

New ACE White Paper Examines Risk Management Strategies: Building A Successful Construction Wrap-Up Program

The report also discusses claims handling and litigation coordination as another critical area of focus during a construction wrap-up. “While even the most safety-focused company cannot prevent all accidents, it’s crucial to have a unified claims strategy and work with insurers experienced in the construction marketplace,” said Mr. Crowther. “When the initial wrap-up program is put in place, its future success will depend heavily on the insurer’s claims department working closely with the sponsor. Once a risk is bound, ensuring a successful wrap-up requires constant communication and a consolidated, coordinated approach with the carrier’s claims department to help better manage claims and litigation strategies.”

To access the report, please visit our website. The material presented in this report is not intended to provide legal or other expert advice. It is presented for informational purposes only. Readers should consult legal counsel or other experts, as applicable, with any specific questions they may have.

ACE Construction is a division of ACE USA, and part of the ACE Group. ACE Construction delivers integrated property and casualty insurance solutions with sophisticated claim management, loss control, risk and safety engineering; tailored to construction risks from large loss-sensitive primary wrap-ups, to contractor practices, mid-sized contractors, owners/developers and professional service firms. For more information about ACE Construction and its range of products and services, please visit our website.

Insurance is provided by insurance companies within the ACE Group. All products may not be available in all jurisdictions. The product information above is a summary only. The insurance policy actually issued contains the terms and limits of the contract.

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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