Argo combines management, professional liability cover

Argo Pro, a Jersey City, New Jersey-based member of Argo Group International Holdings Ltd., said on Thursday it has combined its management liability and professional liability coverages for private firms into a single package policy.

“By combining our directors and officers, employment practices, and fiduciary liability coverages under one policy, we’re providing a new level of flexibility to our clients,” said Rich Edsall, senior vice president, commercial management liability at Argo Pro.

Private Company PROtect allows policyholders to purchase one or more management liability and professional liability coverage options with separate or shared limits, and each policy can be tailored to meet specific risk management needs, Argo said in a statement.

Maximum capacity limits are $15 million and shared, according to an Argo spokeswoman.