ACE Limited : ACE Accident & Health Introduces Transportation Product

Occupational Accident Policy Now Includes Optional Contingent Liability Coverage

ACE USA, the U.S.-based retail operating division of the ACE Group, today announced its new Occupational Accident Policy with optional Contingent Liability Coverage. Designed for motor carriers, the policy provides high-quality occupational accident coverage to drivers under contract with the motor carrier, who is not required by law to carry workers compensation coverage.

"For owner-operators and their families, the personal and financial impact of an accident while working under contract can be devastating," said Joe Vasquez, Division President, ACE Accident & Health. "ACE's Occupational Accident policy enables carriers to offer broad and flexible coverage, which can be tailored to respond to unique business risks, and enables the carrier to protect, retain, and attract owner-operators."

Key highlights of the ACE Occupational Accident Policy with optional Contingent Liability Coverage include:

• Accidental death & dismemberment and paralysis benefits up to $500,000 per person
• Survivor benefits up to $500,000 per person
• Accident medical/dental expense benefits up to $2,000,000 per person
• Temporary total disability benefits up to $1,000 per week
• Permanent disability benefits up to $4,300 per month
• Non-occupational accident benefits up to $25,000 per person

In addition, ACE offers a Contingent Liability option that provides important protection if a contracted Independent Operator purchasing Occupational Accident insurance attempts to obtain an award from the carrier's workers compensation policy. This coverage includes workers compensation reimbursement benefits, employers' liability benefits, as well as reasonable defense costs and expenses related to a covered contingency.

Insurance is provided ACE American Insurance Company, Philadelphia, PA, and other insurers within the ACE Group. Product descriptions are summaries only. The actual policy issued governs the rights and obligations of the parties. Not all products are available in all states. Surplus lines insurance is sold only through licensed surplus lines producers.

ACE Accident & Health, a unit of ACE USA, is committed to delivering a wide range of insurance products--from traditional employers' accident programs to specialty coverages for various types of groups and their members. These products help protect against the serious financial consequences of a sudden injury or illness. To learn more about ACE Accident & Health, please visit our website.

ACE USA is the U.S.-based retail operating division of the ACE Group, and is rated A+ (Superior) by A.M. Best Company and AA- (Very 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 www.acegroup.com/us. 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: www.acegroup.com.

ACE North America Communications
Carla Ferrara, 215-640-4744
carla.ferrara@acegroup.com

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