Argo EXECOVER addresses evolving risks directors and officers of public companies face. Our underwriting team is expert in understanding the professional service exposures that individuals and organizations face in their day-to-day business.

Our proprietary tool, Argo Insights™, provides additional support by pulling data weekly on public companies and applying advanced machine learning algorithms to find unique risk factors for D&O, as well as probabilities for claims.

Argo EXECOVER

Argo EXECOVER addresses evolving risks directors and officers of public companies face. Our underwriting team is expert in understanding the professional service exposures that individuals and organizations face in their day-to-day business.

Our proprietary tool, Argo Insights™, provides additional support by pulling data weekly on public companies and applying advanced machine learning algorithms to find unique risk factors for D&O, as well as probabilities for claims.

 

Coverage Highlights

  • Coverage for securities claims arising out of an environmental concern, including those involving greenhouse gases.
  • Coverage for derivative demand investigation costs including post-litigation special litigation committee expense.
  • Side A coverage for regulators’ demands for information.
  • Definition of loss specifically includes certain Foreign Corrupt Practices Act penalties assessed against insured persons and specifically provides that loss relating to Section 11, 12 and 15 of the Securities Act of 1933 will not be considered by Argo Group to constitute disgorgement or restitution.
  • Improper profit exclusion does not apply to Section 11, 12 and 15 claims under the Securities Act of 1933.
  • Improper profit and dishonesty exclusions require “final, non-appealable adjudication” in a proceeding not instituted by Argo Group.
  • Insured persons have the right to elect the extended reporting period in the event of termination or non-renewal if the entity policyholder does not make the election.
  • Side A coverage is not rescindable under any circumstances.
  • Mandatory advancement of defense costs includes insured person’s defense Costs within the SIR should the company fail to advance such costs.
  • Coverage for employment practices claims against insured persons.
  • Express coverage for partnerships and joint ventures.

Coverage Amounts

 

Coverage Limits

Maximum capacity: $25 million

Appetite & Availability

Targeted classes

Upper-middle market and middle market risks

Additional Information

 

Resources

Contact

For more information about Argo EXECOVER, please contact:

Mary Henderson

President, Argo Pro

212-607-8829 Email Mary Henderson

Richard Edsall

Senior Vice President, Commercial Management Liability

212-607-8801 Email Richard Edsall
How to Report a Claim

Default Title

Default Copy