In August, ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, announced that its inland marine unit has allied with NER. Under the terms of the alliance, ACE USA will waive the deductible up to $10,000 for its Contractor’s Equipment coverage for policyholders who have their equipment registered with NER.
The owners must register the equipment before a theft and must report any such theft to law enforcement. For a small fee per machine, per year, owners can securely and confidentially register their entire fleet of equipment with NER and receive warning decals to deter theft.
“We’re pleased to participate with NER in this program to help our insured contractors mitigate the increasing risk of equipment theft,” says Bruce Jervis, senior vice president, ACE USA Inland Marine. “This opportunity allows ACE USA to encourage and reward our customers to use this extra layer of protection. At the same time, it provides innovative risk-management solutions to meet the evolving needs of the construction industry.”