Coverage Highlights
A-Side D&O
Basis of coverage
Follow form over the primary policy with the following exceptions:
- Punitive, exemplary or multiplied damages
Policy drops down when underlying:
- Denies coverage
- Rescinds or cancels coverage
- Is unable to pay due to a bankruptcy stay or injunction
- Is in bankruptcy, liquidation, rehabilitation, etc.
Non-indemnified loss – the policy will respond when named insured:
- Refuses or fails to indemnify
- Is financially unable to indemnify
- Is not permitted, required to indemnify, or advance to the insureds
Personal-conduct-only exclusions:
- Alternative venues for arbitration hearings
Coverage available
- D&O
Excess D&O
Basis of coverage: Excess
Coverage available: Excess D&O
Coverage Amounts
A-Side D&O
Minimum policy deductible: $0
Excess D&O
Minimum policy deductible: Argo Insurance is typically in the second half of the coverage tower.
Coverage Limits
A-Side D&O
Policy limits/capacity: $25 million
Excess D&O
Policy limits/capacity: $15 million
Appetite & Availability
A-Side D&O
Targeted classes: All industry groups
Excluded classes: None
Geographic availability:
- Asia
- Australasia
- Bermuda
- Canada
- Central and South America
- Continental Europe
- Middle East and North Africa
- United Kingdom
- United States
Excess D&O
Targeted classes: All industry groups except banks and pharmaceuticals
Excluded classes: Banks and pharmaceuticals
Geographic availability:
- Asia
- Australasia
- Bermuda
- Canada
- Central and South America
- Continental Europe
- Middle East and North Africa
- United Kingdom
- United States
Additional Information
A-Side D&O
Distribution: Bermuda and non-U.S. domiciled brokers
Additional information: Argo Insurance professional lines product detail sheet
Excess D&O
Distribution: Bermuda and non-U.S. domiciled brokers
