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.

Coverage Highlights


  • 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.



For more information about Directors and Officers Excess Side A DIC PROtect℠, please contact:

Steve Boughal

Head of Argo Pro

212-607-8862 Email Steve Boughal

Ann McCarthy

Senior Vice President of Underwriting, Head of Private Commercial Accounts

650-556-5420 Email Ann McCarthy

Christine Schneider

Senior Vice President of Underwriting, Head of Public Commercial Accounts

732-623-8975 Email Christine Schneider

Rich Fachet

Senior Vice President, Head of Financial Institutions

212-607-8882 Email Rich Fachet
How to Report a Claim

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