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ACE USA launches new professional risk insurance product

ACE USA, a provider of insurance products and services, has expanded its professional risk insurance product offerings to include a stand-alone, admitted policy to address the risk management needs of elected and appointed officials at various levels of government.

The ACE Municipal Advantage Public Entity Liability policy offers comprehensive management liability, professional liability and employment practices liability coverage for municipalities and special district authorities of all sizes.

Offered through ACE Professional Risk, a division of ACE USA, the new policy offers coverage to public officials with limits up to $20 million. It offers – public entity management liability, public entity liability, employment practices liability, and public entity crisis management coverage.

Targeted classes of the new policy include counties, townships, villages, cities, municipal boards and commissions, special district authorities, including housing, utilities, water and sewage, mass transit, ports, airports and airport authorities.