Excess Side A Coverage DIC | D&O Insurance

Directors and Officers Excess Side A DIC PROtect℠

Management liability for directors and officers of public, private and non-profit organizations for D&O claims that are non-indemnifiable and are not paid by underlying insurance, as well as broad difference in conditions (DIC) coverage for a dropdown event.

Table of Contents

Highlights
Limits
Appetite
Info
Resources

Coverage Highlights

Definitions

Broad definition of insured:
- Estates
- Heirs
- Legal representatives
- Spouses and domestic partners
- General partners, managing partners or functionally equivalent executives in a general partnership or LLC
Broad DIC provisions:
- Wrongful failure to indemnify
- Fails to advance defense costs in 60 days
- Underlying insurance is financially unable to pay
- Underlying insurance threatens to rescind
- Underlying insurance is subject to a bankruptcy stay

Coverage Limits

Maximum Capacity: $15 million
No minimum attachment

Appetite & Availability

Target risks

Commercial D&O will consider all publicly traded companies and larger private companies
Financial Institutions will consider all publicly traded and all private companies

Additional Information

Argo Pro will make the payment if the underlying insurer does not provide this (Side A DIC coverage only)
After paying the claim, Argo Pro will not subrogate against an insured person unless there has been a final non-appealable adjudication triggering the conduct exclusion
Argo Pro will defer to the primary D&O policy to define a claim and a loss to ensure seamless coverage

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.