ACE has launched "Image Protect", a new cover dedicated to management of risks linked to the reputation of companies of the Middle East/North Africa (MENA) area.
"Image Protect" provides companies with immediate financial assistance in case of injury, accidental death or disability of a visitor, a customer or an employee in the premises of the company and other designated places. Four options are presented to companies:
- Acts of terrorism
- Cases of assault, hold up, hostage, strikes, riots or civil commotions, fire, collapse or explosions, and natural disasters
- Any accident
- All the three above options.
The development of the product follows a study of ACE, revealing that 92% of companies regard reputational risk as the most difficult to manage.