ACE Offers Green Contractors' Insurance
ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, on April 13 announced the launch of Green CPL, a contractors' pollution liability program.
This green-specific insurance program addresses the growing risks and potential exposures faced by contractors as they begin to access federal stimulus dollars and experience increased construction activity. It is designed to cover contractor and sub-contractor environmental and pollution-related exposures.
The product can be tailored for Leadership in Energy and Environmental Design (LEED)-certified building projects as an Owner-Controlled Pollution Insurance Program (OCIP); a Contractor-Controlled Pollution Insurance Program (CCIP); or a standalone Contractors Pollution Liability Project placement.
The ACE Green CPL program is available to producers through the ACE Environmental Risk underwriting team. Risk engineering for these policies includes environmental audits and assessments by Hygienetics, an environmental consulting subsidiary of ESIS, Inc., a risk management services company, and part of the ACE Group of Companies.