ACE TECHNICAL LINES
machinery breakdown, construction of
commercial or private properties, civil
CONSTRUCTION ALL
RISKS & ERECTION
ALL RISKS COVER
At ACE we recognise the often complex contractual nature of the construction business and we provide tailored construction insurance products, drawing on our expertise to assist our clients and their brokers in meeting their specific needs. In adopting this flexible approach to business we provide wide protection to the construction parties involved on both an annual and single project basis.
Construction parties, whether they are principals, managing or main contractors, contractors and/or sub contractors, manufacturers and/or suppliers, banks and/or other financial institutions, can all be protected.
We combine our wealth of expertise in the construction field with our capabilities in property and casualty insurance to provide seamless cover from the construction phase through to the fully occupied building. This helps to avoid gaps in cover and is a concept that appeals to clients and investors as it aligns with project finance thinking.
We provide seamless
cover from the
Construction All Risks (CAR)
On either an annual or project basis where the greatest contract exposure lies with the building or construction work. Our construction abilities are geared to insurance protection for building work for both commercial and domestic construction as well as civil engineering works.
Erection All Risks (EAR)
On either an annual or project basis where the greatest exposures lie with plant, machinery and equipment and its explosion or breakdown during testing. Our erection “all risks” strategy is to insure all the major industry segments especially power generation whether it is via traditional thermal energy or from renewable or alternative energy sources. We insure the installation of general manufacturing machinery and production lines such as print works, food processing and bottling plants as well as heavy industries such as iron and steel production and processing plants.
Advance loss of profits - project specific
The growth of build and operate schemes and private financing has also increased the requirement to insure advance loss of profits (ALOP), providing indemnity against loss of anticipated revenue through delay in completion of the project due to a claim under the project CAR or EAR policy.
Overseas risks
Environmental impairment
Machinery breakdown/business interruption insurance can be provided on a stand-alone basis or in connection with other package policies from ACE.
Our policy covers electrical and mechanical plant, boiler and pressure plant and all integral parts for physical damage against a variety of perils, detailed below. Cover can be extended to include business interruption following these perils and can be written on either our engineering package insurance policy or our Renewable Energy policy wording, as appropriate. Our policy can be tailored to meet the risk exposure of most businesses. The cover can be categorised into three main areas:
Machinery breakdown Pressure explosion and collapse Sudden and unforeseen damage
Machinery breakdown covers
• The actual failure, breaking, distortion or burning out of any part of the machinery • Damage following failure or fluctuation of the electricity supply
• The fracturing of any part of the machinery by frost where the fracturing makes that part of the machinery inoperative • Operator error or omission
Pressure explosion and collapse covers
• Explosion due to the sudden and violent rending of boiler and pressure plant by force of internal steam or other fluid pressure, which causes the bodily displacement of any part of the property • Collapse due to the sudden and dangerous distortion of any part of the boiler and pressure plant caused by the crushing stress by force of steam or other fluid pressure
Sudden and unforeseen damage covers
Our policy can be
tailored to meet the
risk exposure of most
businesses.
Renewable energy
Computer insurance
Organisations are becoming ever more reliant on computer systems, networks and the Internet with online trading, e-marketing, social media and proprietary websites all required for marketing and sales as well as business administration. Their IT systems are their number one business critical asset and loss or damage to computer systems could be disastrous for a business. ACE has two products to protect computer systems and the data within it.
Computerguard
This is a specialist policy designed to insure computer hardware including servers, PCs, laptops, tablet computers and similar items as well as such items as dedicated air conditioning plant and cabling. Cover includes additional expenditure, distortion of data and can be extended to incorporate loss of revenue.
The cover is wider than most property insurance covers and is designed to support the modern business. It offers worldwide cover on portable computers and also has “full theft” cover.
Dataguard
ACE also offers cyber and e-liability covers under our Dataguard policy. See our specific Dataguard brochure for more information on the covers available under this product.
ACE engineering services
ACE engineering is a dedicated resource of risk engineers within the Technical Lines team who not only provide technical support to the underwriters but also provide support and advice to our policyholders. The experience within our team covers many areas from general construction activities through to heavy industrial risks, waste-to-energy process plants, power plants and renewable energy.
The types of services provided include: • Pre- or post-inception survey • Construction survey
• Post loss survey
• Crisis management systems
Our extensive
experience, covering
major annual and
project engineering
risks around the
world, supports the
underwriting
Global reach, local knowledge
ACE offers insurance solutions to a diverse array of clients. We have successfully blended the knowledge of our local markets with the worldwide perspective of a global organisation with products delivered and supported by ACE Global Programme Solutions (ACE GPSSM), specialists in the
management of international risk. ACE GPSSM sits at the heart of our
multinational capability and brings together all of the following attributes into a dynamic, client-focused solution: • Skilled underwriters
• A fast and responsive service • A wide range of insurance products • Compliance expertise
• Financial security
• Industry-leading technology
The breadth of our products and the skills of our underwriting teams allow you to consolidate your business with us, making for more efficient administration. With our worldwide network we can respond to your needs by quickly moving premiums, issuing policies, resolving claims and assisting post loss to get businesses up and running again.
As well as providing you with market-leading service levels, ACE is also able to draw on its global network and resources to provide you with reliable information on insurance and regulatory requirements worldwide. All of this expertise, experience and resource means that, when arranging cover from ACE, you can be confident of receiving an efficient and responsive service that meets your changing needs.
WORKING
Working with ACE
We trade through a select group of brokers, and work hard to achieve close relationships with each, offering a prompt and valued service.
Dublin 1
Tel: +353 1 440 1700 Fax: +353 1 440 1701 www.acegroup.ie
ACE European Group Limited trading as ACE Europe and Combined Insurance, is authorised and regulated by the Prudential Regulation Authority in the United Kingdom and is regulated by the Central Bank of Ireland for conduct of business rules.
Registered branch in Ireland no. 904967 at 5 George’s Dock, IFSC, Dublin 1. ACE European Group Limited (company no.1112892) is registered in England and Wales with registered office at 100 Leadenhall Street, London EC3A 3BP.
071IE011013 Published November 2013
ACE has offices in 54 locations and can help clients manage their risks anywhere in the world.
Our clientele varies from multinational corporations with property and casualty exposures, to individuals purchasing personal accident, travel or supplemental health insurance. We offer products tailored to the needs of any size of client. ACE has a strong presence across the United Kingdom and Ireland, with 13 offices employing 1,300 people and serving 5 dedicated regions: Ireland, Scotland, North of England, Midlands and Wales, and London and South East England. Ours is a customer-centric business model: we have a relationship management structure for key accounts and claims and 20 dedicated business relationship managers.
ACE is listed on the New York Stock Exchange with the ticker ACE. ACE’s core underwriting insurance companies are rated AA- (very strong) by Standard & Poor’s and A+ (superior) by A.M. Best. Tel: +44 20 7173 7000
Fax: +44 20 7173 7800 www.acegroup.com/uk ACE European Group Limited registered no. 01112892 is registered in England at registered office 100 Leadenhall Street, London, EC3A 3BP and authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Additional information can be found at www.acegroup.com/uk
071UK011013 Published November 2013
ACE has offices in 54 locations and can help clients manage their risks anywhere in the world.
Our clientele varies from multinational corporations with property and casualty exposures, to individuals purchasing personal accident, travel or supplemental health insurance. We offer products tailored to the needs of any size of client. ACE has a strong presence across the United Kingdom and Ireland, with 13 offices employing 1,300 people and serving 5 dedicated regions: Ireland, Scotland, North of England, Midlands and Wales, and London and South East England. Ours is a customer-centric business model: we have a relationship management structure for key accounts and claims and 20 dedicated business relationship managers.
