Global multiline property and casualty insurer ACE Group has rolled out its environmental liability insurance cover for UK SMEs on its e-trading platform ACE Online.
The launch is part of a strategy to strengthen its portfolio of products available through its online trading platform.
ACE’s environmental cover, which has been designed to fill extensive coverage gaps in traditional property and casualty policies, responds to both pollution and biodiversity damage claims stemming out of the EU Environmental Liability Directive.
Leveraging online platform, brokers can quote, bind and renew their environmental risk cover and benefit from ACE’s broad Environmental Protect Policy. The policy includes cover for all of the insured’s business operations as well as first party business interruption, transportation and all environmental damage.
Furthermore, they can also get a quote for a range of industry groups by only supplying the insured’s name, address, business activity and annual turnover
ACE UK & Ireland environmental risk manager Emma Bartolo said: "We are proud to be offering comprehensive environmental risk cover to a wide range of businesses across the UK."
"We are the first to provide such cover online, which makes it easy and hassle-free for brokers to quote and bind.
"While environmental risk is often perceived as complex, we offer broad cover on a simple to use and flexible online platform, giving brokers and businesses the confidence that they will be adequately protected," Bartolo added.
ACE offers commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance.