Designed to protect the personal assets of companies’ directors and officers
Arch Insurance, a member of Arch Capital, has launched its new Side A enhancement products – Arch Personal Advantage and Arch Personal Advantage(IDL).
Reportedly, Arch Personal Advantage is designed to protect the personal assets of companies’ directors and officers. It offers features such as: coverage trigger; scope of coverage; limited exclusions; and immediate availability.
The company has said that Arch Personal Advantage is offered in conjunction with Arch’s Broad Form Management Liability policy. However, Arch Personal Advantage (IDL) is offered in conjunction with Arch’s Independent Director Liability policy. It has added that this coverage is offered for public and private companies across all industries.
John Rafferty, senior executive vice president of Arch’s executive assurance division, said: “We’ve bolstered Arch’s Side A liability products to create a level of protection that helps companies protect their management against potentially devastating exposures in this turbulent market. Combined with our financial strength and tenure in the Side A marketplace, Arch Personal Advantage offers a turn-key solution for industry leading non-indemnifiable protection.”