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Press release from Business Wire

New ACE White Paper Examines Risk Management Strategies: Building a Proactive Construction Safety Culture

Friday, April 19, 2013

New ACE White Paper Examines Risk Management Strategies: Building a Proactive Construction Safety Culture

15:02 EDT Friday, April 19, 2013

PHILADELPHIA (Business Wire) -- ACE USA, the U.S.-based retail operations of the ACE Group, today announced the release of a white paper exploring the importance of ensuring a successful safety culture before the onset of a construction project. This new report explains how working with the right insurance and risk professionals, and investing in a strong safety culture can foster safer construction projects throughout their completed lifecycle.

“Building a Proactive Safety Culture in the Construction Industry,” was authored by George Cesarini, Vice President of Risk Engineering for ACE Construction; Geoffrey Hall, Senior Vice President, ACE Construction; and Matthew Kupiec, Assistant Vice President of Risk Engineering for ACE Construction.

“ACE's construction risk management practice offers an extensive array of products, services and expertise, and we are committed to providing practical information on a range of relevant issues,” said Mr. Hall. “We have developed this report for all those involved in the construction industry to address a matter of critical importance-- safety and risk control. Our goal is to assist the industry in taking a proactive comprehensive risk management approach to ensuring safety on every job site.”

Additionally, the report explains that despite safety improvements, construction still remains one of the most dangerous industries. It discusses how fostering a successful safety culture is an investment that can provide real benefit only when initiated as a company-wide effort that entails commitment and participation from everyone involved. According to Mr. Cesarini, “While building a safer workplace requires constant effort and continual improvement, the results are well worth the investment of time, resources and money. Additionally, a proactive safety culture not only helps to save lives, but it also contributes to retaining workers, reducing claims and delays, and enhancing productivity and profitability while strengthening a company's reputation.”

The report also discusses insurance considerations for the industry. “In working toward a safer workplace, construction companies can tap the extensive knowledge of specialists who are well-versed in the unique risk management needs of this industry,” said Mr. Kupiec. “Project planners should work with their carriers to determine the most effective risk management strategies before a project begins, while it's being built, and through completion.”

To access the report, please visit our website. The material presented in this report is not intended to provide legal or other expert advice. It is presented as informational only. Readers should consult legal counsel or other experts, as applicable, with any specific questions they may have.

ACE Construction, is a division of ACE USA, and part of the ACE Group. ACE Construction delivers integrated property and casualty insurance solutions with sophisticated claim management, loss control, risk and safety engineering; tailored to construction risks from large loss-sensitive primary wrap-ups, to contractor practices, mid-sized contractors, owners/developers and professional service firms. For more information about ACE Construction and its range of products and services, please visit our website.

Insurance is provided by insurance companies within the ACE Group. All products may not be available in all jurisdictions. The product information above is a summary only. The insurance policy actually issued contains the terms and limits of the contract.

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 USA
Media Contact:
Carla L. Ferrara, 212-827-4744
Carla.ferrara@acegroup.com

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