• Warranty and indemnity insurance (W&I).
We have created a policy to protect both parties in a transaction against financial losses arising from an unintentional and unknown breach of the seller’s warranties.
• Contingent tax indemnity insurance.
• Contingent liability insurance.
Chubb’s products can help maximise the value and returns of a deal, bridge the gaps that threaten deal closure, enhance a buyer’s bid in competitive auctions, and cover a seller for innocent misstatements.
Our underwriters have significant expertise in the sector gained from their years of underwriting and legal experience.
Using the extensive Chubb global network, we provide cover for deals all over the world, and where necessary link to our dedicated team in the US.
As part of a wider team, we also provide access to the full range of insurance solutions from Chubb, many of which can help with the insurance requirements that are triggered by a deal.
Chubb’s W&I insurance covers losses arising from either unintentional or unknown breach of warranties and we cover the costs associated with defending any claims. The warranties apply to all aspects of a business, including;
We provide distinct cover for either buyers or sellers, and we tailor the policy to each individual deal.
We underwrite both UK-based and international businesses, servicing them through our network of local offices and the London wholesale broker network.
We offer policy limits of up to US$50m/£32.5m/€47.5m per risk, or the equivalent local currency limit in any jurisdiction.
Additionally we provide specific liability cover for clients looking to mitigate known contingent risks including tax exposure, litigation exposure, infringement of intellectual property or employment issues and disputes.
To consider a risk, we’ll need to know:
Documentation relating to: