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ACE Fortifies Contractors Insurance - Analyst Blog
7/9/2013 4:40:00 PM
Recently, U.S.-based retail facility of ACE Limited ( ACE ), ACE USA introduced new services through its risk management services company, ESIS Inc. pertaining to the healthcare industry construction projects. This launch is an augmentation to the company's Contractors Pollution Liability (CPL) coverage named Owner-Controlled Insurance Program (OCIP) launched in Jun 2013.
This ESIS program provides services like environmental compliance, Hazardous Materials Management, Transactional Services, Construction Safety and Risk Management, Patient Safety and many more such services. These are in addition to the insurance and construction risk management services provided by the ACE Construction Industry Practice.
The company has continuously assisted U.S. based multinational companies in mitigating risks associated with their businesses. The new endorsement will enhance its efforts by delivering customized solutions to the risks faced by the healthcare facility owners, general contractors and construction managers who provide contracting services to the healthcare industry. The program is expected to support ACE in expanding its multinational client base, and in turn boost revenues. The long term sales growth rate of the company is projected at 7.5%.
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