Wage and Hour

Argo Insurance’s tailor-made product protects small to midsize U.S. enterprises with 10,000 or fewer employees from any industry or state.

Coverage Highlights

Despite an increase in wage and hour claims led on behalf of U.S. employees, particularly on a class or collective-action basis, the U.S. SME insurance market was not meeting the need for this niche product.

Argo Insurance’s tailor-made product protects small to midsize U.S. enterprises with 10,000 or fewer employees from any industry or state. W&H insurance includes defense and indemnity liability coverage for violations of the Fair Labor Standards Act, or similar state and federal laws that govern employee compensation.

Product highlights:

  • Wage and hour defense and indemnity liability
  • Coverage for violation of the Fair Labor Standards Act or similar state laws
  • Insured controls defense of claims
  • Coverage for independent contractors
  • Policy applies to claims first reported to the insurer during the policy period.
  • Offered through Bermuda and non-U.S. domiciled brokers

Coverage Amounts

Primary

  • Maximum capacity: $5 million
  • Minimum SIR: $500,000
  • Minimum limit covered: $1 million

Excess

  • Maximum capacity: $15 million
  • Minimum policy deductible: Argo Insurance can attach from 1st excess

Appetite & Availability

Excluded classes

Temporary employment agencies

Additional Information

Information Required for Primary Indications**

  • Wage and hour five-year litigation history
  • Employee count, by state, including exempt and non-exempt split

**Underwriter may require additional information, including Argo application, prior to issuing a formal quotation.

Resources

Contact

For more information about Wage and Hour, please contact:

Bill Wharton

Head of Argo Insurance Bermuda

441-278-3720 Email Bill Wharton
how to report a claim

Default Title

Default Copy