As firms pursue growth strategies, expand their market reach and broaden their use of technology, the world of mergers and acquisitions continues to evolve. Warranty and Indemnity insurance can bridge the gap where both parties to the transaction don’t want the burden of liability.
Warranty and Indemnity (W&I) Insurance protects buyers and sellers from losses arising out of a breach of warranties and particular indemnities provided by a seller as part of a merger or acquisition.
The product offers a cost-effective way to bridge the gap in areas in which both parties to the transaction do not wish to take the burden of liability. The coverage follows closely to the warranties provided by the seller, subject to any risks having been identified through the buyer’s own due diligence process.
W&I insurance offers many benefits:
Inevitably, claims do occur. That’s when you really discover the value your insurance company delivers. We pride ourselves on our positive attitude and proactive approach to claims management. Our claims teams have a deserved reputation for the professional, efficient and sympathetic way they work with brokers and customers when losses are incurred.