ACE Launches New Hospitality and Real Estate Products

ACE USA, the U.S.-based retail operations of the ACE Group, announced the introduction of umbrella policy endorsements, designed to address risks faced by the hospitality and real estate industries.

Two new endorsements expand coverage for hotel operations and restaurants and for commercial real estate, including coverage for bodily injury and property damage occurring on and off the premises.

Hotels and restaurants also receive additional coverage for certain pesticide, herbicide, fungicide, fungus, mold and bacterial conditions that are of concern to this industry segment.

All ACE Umbrella Plus policies include Catastrophe Management coverage, which provide advance funding directly to third-parties for managing threats to an organization’s reputation and other expenses related to a covered catastrophic event.

Source: ACE USA