ACE USA Expands Coverage for Hospitals and Miscellaneous Healthcare Facilities

  ACE USA Expands Coverage for Hospitals and Miscellaneous Healthcare

 Affording First Dollar Reimbursement for Expenses that Medical Entities May
                   Incur due to an Unplanned Adverse Event

Business Wire

PHILADELPHIA -- January 22, 2013

ACE USA, the U.S.-based retail operations of the ACE Group, today announced
the introduction of four new coverage endorsements to include: Media Event
Expense, Disciplinary Proceeding Defense, Emergency Evacuation Expense, and
Patient Property Damage, by its ACE Medical Risk & Life Sciences Division. The
new endorsements are designed to supplement ACE’s current Primary Hospital and
Miscellaneous Healthcare Facilities Professional and General Liability product
offerings. In addition, the endorsements provide reimbursement for unplanned
expenses that these entities may incur when a harmful event happens.

“ACE continues to demonstrate its commitment to the unique specialty coverage
needs of the healthcare industry,” said Caroline Clouser, Executive Vice
President, ACE Medical Risk & Life Sciences. “We are pleased to offer these
additional coverage endorsement options to help alleviate concern among
hospitals and healthcare facilities as they seek to mitigate risks in the face
of an unforeseen event. The new endorsements help to provide peace of mind for
the facilities and their patients in the event that any of these unanticipated
incidents may occur.”

The new endorsements include the following coverages and benefits:

Media Event Expense Coverage Endorsement:

Provides reimbursement limits up to $25,000 for expenses incurred by the
insured as a result of a media event. The endorsement helps a facility
mitigate the financial and reputational risk associated with negative media
attention or publicity resulting from an incident, claim or investigation.

Disciplinary Proceeding Defense Coverage Endorsement:

Provides reimbursement limits up to $20,000 for expenses incurred by an
insured in the course of a disciplinary proceeding. The endorsement provides
reimbursement for legal fees and expenses required to defend an insured
provider if an investigation, proceeding or other pending matter is instituted
by a federal or state professional licensing board against the insured.

Emergency Evacuation Expense Coverage Endorsement:

Provides reimbursement limits up to $25,000 for expenses incurred by the
insured as a result of an emergency evacuation of the premises. The coverage
endorsement helps to decrease the financial impact of an emergency situation
that requires an evacuation of patients. Reimbursement is available for
certain expenses incurred as a result of the evacuation, including the costs
associated with the transportation and relocation of patients.

Patient Property Damage Coverage Endorsement:

Provides reimbursement limits up to $5,000 for property damage to patient’s
personal property while the patient is being treated at the facility. The
endorsement helps defray the cost of claims by patients for lost, stolen or
damaged articles.

The aggregate limit of insurance for the various endorsements is separate from
and does not erode the professional liability or general liability limits of
insurance. Further, the limits are not subject to any policy deductibles.

ACE Medical Risk and Life Science’s liability offerings include primary and
excess medical professional liability for hospitals, and miscellaneous
healthcare facilities, and managed care errors and omissions coverage. In
addition, ACE offers products liability for clinical trials, biotechnology,
and specialty pharmaceutical companies, as well as a comprehensive package
policy that includes property, auto and crime coverages through its Life
Sciences unit. To learn more about ACE’s Medical Liability products and
services, please visit our website.

Insurance is provided by insurance companies within the ACE Group. The product
information above is a summary only. The insurance policy actually issued
contains the terms and limits of the contract. Products may not be available
in all locations and remain subject to ACE Medical Risk’s underwriting
criteria and applicable rates. For more information please contact Bret Spicer
at or call (913) 491-2052, or visit our website.

ACE Medical Risk & Life Sciences is part of ACE USA, the U.S.-based retail
operating division of the ACE Group, headed by ACE Limited, and is rated A+
(Superior) by A.M. Best Company and A+ (Strong) by Standard & Poor’s. ACE USA,
through its underwriting companies, provides insurance products and services
throughout the U.S. Additional information on ACE USA and its products and
services can be found at The ACE Group is one of the
world’s largest multiline property and casualty insurers. With operations in
53 countries, ACE provides commercial and personal property and casualty
insurance, personal accident supplemental health insurance, reinsurance, and
life insurance to a diverse group of clients. ACE Limited, the parent company
of the ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is
a component of the S&P 500 index. Additional information can be found at:


ACE North America Communications
Carla Ferrara, 215-640-4744
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