Asset Management PROtect℠
Argo Pro’s Asset Management PROtect policy is a professional liability and/or management liability package offering investment advisers access to various coverages under one admitted policy.
Coverage Highlights
• Built-in third-party cyber coverage
• Regulatory investigations coverage included in the definition of claim
• Pre-claim defense costs for management liability
• Built-in cost of corrections
• Broad definition of investment advisory services
• Protection for claims arising from:
– Investment adviser professional liability (including third-party cyber liability)
– Investment adviser management liability
– Investment fund management liability
– Employment practices liability
– Fiduciary liability
– Private fund liability
• Coverage for the following:
– Investment advisers
– Wealth management firms
– Mutual funds, exchange-traded funds, close-end funds
– Hedge funds
– Private real estate funds
Specialized Claims Handling
• In-house seasoned claims handling group with deep experience in high-value, complex claims and settlements
• Fully integrated with Argo Pro underwriting team
• Strong relationships with top-tier firms
Appetite & Availability
Geographic availability
We can write on an admitted basis in the following states:
- Alabama
- Arizona
- Arkansas
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Idaho
- Indiana
- Iowa
- Kansas
- Kentucky
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Utah
- Vermont
- West Virginia
- Wisconsin
- Wyoming
Coverage is always subject to all of a policy’s terms and conditions. This is a summary of certain key aspects of coverage. Review the policy form for complete terms and conditions. Products are underwritten by U.S. insurers that are members of Argo Group. Some products are only available through an authorized surplus lines insurer.