ACE Introduces Passenger Accident Insurance for Motor Carriers
New Product Offering Expands Transportation Product Portfolio

PHILADELPHIA--(BUSINESS WIRE)--ACE Group today announced the introduction of standalone Passenger Accident Insurance. This coverage provides accidental death and dismemberment and accident medical/dental expense benefits for authorized passengers who are injured while traveling with a driver who is working under the operating authority of the motor carrier. This expanded capability complements ACE’s existing product portfolio, which is designed to meet the unique needs of the transportation industry through customized insurance solutions.

ACE’s transportation product solutions provide customized offerings to help protect independent contractors and transportation carriers who are not required by law to carry workers compensation coverage. ACE recognizes that the exposures faced by the transportation industry continue to evolve, resulting in the need for companies to streamline their insurance and risk management practices.

“Since incorporating Occupational Accident insurance into our product offering in 2001, and optional Contingent Liability coverage in 2012, ACE has developed extensive expertise underwriting specialized insurance products for independent contractors in the transportation industry. The new Passenger Accident product offering complements ACE’s existing product portfolio by providing needed protection for drivers, owner-operators, and motor carriers who allow non-employee passengers to travel in their trucks while on duty,” said Joe Vasquez, Division President, Accident & Health, ACE USA.

“Whether you’re an independent owner-operator or a motor carrier with hundreds of units, you have to be concerned about who will cover the medical expenses if a non-employee passenger is injured in an accident,” said Carl Hochstein, Assistant Vice President, Accident & Health, ACE USA. “ACE’s Passenger Accident coverage pays accident medical expenses for authorized passengers involved in an accident, and helps to provide financial security in the event of serious injury or death.”

Key highlights of ACE’s coordinated insurance solutions for the transportation industry include:

  • High quality occupational accident coverage for independent drivers under contract with a transportation carrier who is not required by law to carry workers compensation insurance
  • Optional contingency liability coverage to protect the carrier from claims made by uninsured drivers against its workers compensation policy
  • Passenger Accident insurance for transportation carriers and independent contract drivers, designed to provide accident medical and accidental death and dismemberment coverage to commercial truck passengers
  • Superior client service and administrative support, including online enrollment and claims capabilities

Key advantages of ACE’s transportation product offering include:

  • Account coordination with one underwriter maintaining authority for all transportation coverage on individual submissions
  • Backed by ACE’s financial stability (rated AA- by Standard & Poor’s and A+ by A.M. Best)
  • Underwriters specialized in a wide range of accident and health products designed especially for corporate and special risk markets

Insurance is provided by ACE American Insurance Company, Philadelphia, Pa., or, in some states, other insurers within ACE Group. The product highlights above are a summary only; please see the actual policy for terms and conditions. All products may not be available in all states. Surplus line insurance is sold only through licensed surplus line producers.

ACE’s Accident & Health division, 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’s Accident & Health division, please visit our website.

ACE USA is part of ACE Group. ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and 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


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