ACE Advantage Contrators Solutions

ACE ADVANTAGE CONTRACTORS’ SOLUTIONS Table of Contents • Introduction 3 • Builders Risk 4 • Casualty Coverage 6

• Umbrella’s / Excess Liability 8 • Contractors’ Pollution Liability 9

ACE ADVANTAGE CONTRACTORS’ SOLUTIONS Table of Contents • Introduction 3 • Builders Risk 4 • Casualty Coverage 6

• Umbrella’s / Excess Liability 8 • Contractors’ Pollution Liability 9

• Professional Liability 10

Our experienced underwriting, technical knowledge, strong balance sheet and global capability has established ACE as a market leader in insuring construction risks and liabilities.

ACE’s construction specialists deliver integrated global property and casualty insurance solutions with sophisticated claims management, loss control, risk and safety engineering. Our comprehensive offer is tailored to construction risks from large loss-sensitive primary wrap-ups, to contractor practices, mid-sized contractors, owners/developers and professional service firms.

Wrap-up Capabilities

Also known as controlled insurance programs, or CIP”s, wrap-up insurance programs replace a major portion of the traditional insurance collectively maintained by contractors within a large construction project. Wrap-up insurance programs are purchased by the owner, general contractor or construction manager to consolidate and standardize project insurance coverages for all the contractractors performing work. Actually, wrap-ups have become popular with private entities, government agencies, developers, construction companies and construction managers.

ACE IS A PROVEN LEADER IN COMPREHENSIVE SOLUTIONS

FOR THE BREADTH OF CONSTRUCTION INDUSTRY RISKS.

Our construction practice includes:

• Builders Risk

• Primary Casualty for Contractors Practice Programs

• Primary Casualty for Wrap Ups & Other Project Specific Risks

• Contractors Equipment • Environmental

• Umbrella/Excess Liability Insurance for Construction Industry

COVERAGES

• Individual Project Builders Risk and Master Programs

• DIC for construction projects on a selected basis

• Coverage form offers both physical damage and delay in opening

• Various optional coverages based on the client’s needs

• Coverage to meet specific needs of the project and/or account

• International Builders Risk • Loss control services • Engineering services

PARTIES INSURED:

• General contractors • Subcontractors • Lenders

• Owners and Developers

Builder’s Risk

Builder’s Risk

a) Consequential loss of any kind or description including penalties, losses due to delay, lack of performance, loss of contract.

b) Loss or damage due to faulty design c) The cost of replacement, repair or rectification of defective material and/or workmanship, but this exclusion shall be limited to the items immediately affected and shall not be deemed to exclude loss or damage to correctly executed items resulting from an accident due to such defective material and/or workmanship.

d) Wear and tear, corrosion, oxidations, deterioration, lack of use and normal atmospheric conditions

e) Loss or damage to vehicles licensed for general road use or waterborne vessels or aircraft.

f) Loss or damage to files, drawings, accounts Bills, currency, stamps, deeds, debt, notes, securities, checks.

g) Loss or damage discovered only at a time of taking an inventory

EXCLUSIONS:

• Debris Removal • Flood

• Property in off-site storage

• Loss or damage due to strike, riot and civil Commotion (SRCC)

• Extra charges for overtime, night work, work on public holidays, express freight

• Extra charges for airfreight • Inland transit

• Testing of machinery • Extended Maintenance • Advance loss of profits • Contractors Equipment

• Automatic capacity of 50 million • Minimum Premium- Typically $10,000

minimum applies

• Minimum Deductible- varies based on type and size of risk

• Generally $5,000 is the lowest for non-catastrophe perils.

• Catastrophe perils require higher deductibles.

ADDITIONAL COVERAGE

(subject to additional premium)

Casualty Coverages

• Experienced Underwriting team and risk control expertise

• Stadiums, arenas & sport venues • Retail centers

• Office buildings • Hotel & resorts • Educational Institutions • Healthcare facilities

BENEFITS

• Flexible program designs and Customized programs capabilities

• Established market leader willing to write complex exposures

• Strong financials to protect your clients liability exposures

• Coverage can be extended to the following jurisdictions:

• USVI • BVI • Jamaica

• Dominican Republic • Aruba, Curacao & Bonaire • Trinidad & Tobago • Among others Currently, ACE PR underwrites a solid core of

Casualty Coverages

Casualty Coverages

COVERAGE

LIMITS

• Primary General Liability ■ Customized Programs: • OCIP’s (Owner-Controlled Insurance Programs) • CCIP’s (Contractor-Controlled Insurance Programs) • Up to $75,000,000 Occurrence / Aggregate

■ Term of project policies and extended completed operations coverage (up to five years)

■ Workers Compensations programs • Statutory limits

Umbrella’s / Excess Liability

Lead umbrella or standard excess basis Term of project policies and extended completed operations coverage (up to five years)

■ Customized Programs:

• OCIP’s (Owner-Controlled Insurance Programs)

• CCIP’s (Contractor-Controlled Insurance Programs

LIMITS

• Up to $75 million per occurrence/ aggregate - additional limits may be available

■ Minimum underlying requirements: $1 million per occurrence/aggregate for

• Coverage on a practice or project-specific basis

• Pollution ‘wrap-up’ solutions available for remediation or construction projects • Automatic coverage for biodiversity

(natural resource) damage • Damage to third party property

including diminishment in value • Property Damage definition includes

Natural Resource Damages

• Liability for third-party bodily injury, property damage

• Indemnity for clean-up costs incurred by the insured in relation to such third-party claims

• Sudden and accidental pollution events • Claims Made or Occurrence Triggers

available

• Minimum self-insured retention: $10,000 • Minimum premium: $7,000

• Capacity available up to $30 million per/ aggregate limit, inclusive of legal defense costs

MINIMUMS & LIMITS

Contractors’ Pollution Liability

Umbrella’s / Excess Liability

BENEFITS

Professional Liability

Architects and Engineers Professional Liability Insurance protects you or your firm against the financial devastation that comes from being charged with one of the followings:

• Damage to property of others, • Bodily injuries to others

• Inappropiate choice of materials; etc. • Faulty designs

• Inaccurate Studies • Incorrect advice

• Errors involving site surveys, soil testing, subsurface conditions, elevations • Failure to design consistent with building

codes • Among others

With the ever-increasing complexity of projects, the liabilities faced by architects and engineers have never been greater. Architects and Engineers diligently work to create and design facilities, and structures we all use each and every day. These professionals take abstract ideas and apply science and mathematics to build projects to meet the needs of the communities in which they live. While it sounds fun and exciting, with one slight mistake, they know that the liability is on their shoulders if a project goes wrong.

Professional Liability

Professional Liability

COVERAGE

• Defense costs and indemnity

reimbursement expenses up to $7,500. • Damages that the insured is legally

obligated to pay because of a professional error or omission

• Defense costs and indemnity for spouses and heirs.

• Optional protection for claims made after the termination of the insurance contract. (Extending Reporting Period)

• Optional Protection for events that occurred before the effective date of the insurance contract. (Retroactive date)

• Coverage for independent professionals, join venture, companies and independent contractors.

ADVANTAGES

• Underwriting and Claims Professionals specializing in financial and professional liabilities exposures.

• Worldwide experience • Specials Coverage available

• Extensive coverage capacity: up to USD $10M

• Coverage for companies, insuring all its past, present and future professionals. • Claims for bodily injury and property

About ACE Insurance Company

As a market leader, we focus on you, our client building a strong relationship by offering services and developing innovative products backed by a superior financial strength. Today, many of the Fortune 1000 companies put their trust in ACE Group for their insurance needs.

The ACE Group of Companies are rated A+ (Superior) by A.M. Best and a AA (Very Strong) by Standard &

Poor’s. For more information about our ratings, please

visit us at www.acelimited.com

ACE Insurance Company is a leading provider of property, accident and health and casualty insurance as well as financial products and risk management services. It is part of Ace Group of Companies, headed by ACE Limited (NYSE:ACE). Additional information can be found at www.acelatinamerica.com.

ACE Insurance Company PO Box 191249 San Juan PR 00919-1249 Doral Bank Center FD Roosevelt Ave. 33 Resolución Street 5th floor San Juan PR 00920 Specified herein is a summary of the product. Some limitations,