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Legacy LiabilitySM Insurance Coverage

ACE Legacy LiabilitySM offers primary general liability and excess coverage for exposures related to merger and acquisition activity or historic and future liability issues of clients.

Benefits:

  • Individual risk underwriting
  • Flexible policy periods ("injury or offense periods" and "claim reporting period")
  • Single aggregate limit over entire policy period/claim reporting period (up to 5 year policy periods entertained)
  • Tailored to protect for future claims from past operations
  • Program structure options: guaranteed cost, deductible, self insured retention
  • Policy form non-cancelable once bound

Coverage:

  • Merger & Acquisition liabilities (successor liability)
  • Commercial General Liability
  • Mono-line products-completed operations
  • Isolated Liability Exposures (discontinued products/ laser coverage for specific products)
  • Liability trigger conversion (claims made to occurrence)
  • Retroactive limits of liability

Minimums & Limits

  • Minimum premium: $25,000
  • Primary limits up to $2 million occurrence/$4 million aggregate
  • Excess Limits up to $15 million per occurrence/aggregate

Target Client

Target Clients:

  • U.S. companies of all sizes, especially those actively involved in mergers and acquisitions
  • Venture Capital or Private Equity firms

Restricted Industries:

  • Critical aircraft or auto parts and complete vehicle manufacturers
  • Invasive medical products manufacturers (defined as implanted in the body for more than 15 days)
  • Nursing home, hospital or social services owners or operators
  • Pharmaceutical, nutraceutical or herbal supplement manufacturers
  • Tobacco product manufacturers

 

 

Applications

Document Name Size Date
ACE Legacy Liability Coverage Application.doc 0 KB 09/22/2014