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
- Entity regulatory coverage
- Certain pre-claim defense costs
- Cost of corrections extension
- Broad definition of investment advisory services
- Vicarious liability extension for acts of third parties
- Protection for claims arising from:
- Investment adviser professional liability
(including third-party cyber liability) - Investment adviser management liability
- Investment fund management liability
- Private fund liability
- Employment practices liability
- Fiduciary liability
- Investment adviser professional liability
- Coverage for the following:
- Investment advisers
- Investment consultants
- Wealth management firms
- Mutual funds including closed-end funds and exchange-traded funds
- Hedge funds
- Private investment funds
- Alternate investment funds
- Real estate advisers
- Real estate investment trusts (REITs)
Specialized Claims Handling and Risk Management Services
- Dedicated team of in-house claims attorneys with deep experience in high-value, complex claims and settlements focused on the asset management business
- Fully integrated and strong collaboration with Argo Pro underwriting team
- Strong relationships with top-tier law firms
- Human resource and employment law support through the Argo Resource Center online hub
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.
