If your insured is considering a merger or acquisition and the deal value is $25,000,000 or greater, you need to discuss representations & warranties coverage with your client. Whether your insured is the buyer or the seller, coverage is available to lessen the risks involved in the transaction.
Representations & Warranties Insurance provides protection against financial losses, including costs associated with defending claims, for certain unintentional and unknown breaches of the seller’s representations and warranties made in the acquisition or merger agreement. The policy is usually purchased to protect the buyer’s interests, but seller-side policies are also available.
Our XS/Group associates would be happy to discuss the Representations and Warranties insurance process and help choose the right market for your insured’s need.