W&I is increasingly utilised in transactions as the insurance market has grown significantly in recent years. The buyer is typically the insured party. In the event of a breach of warranty, normally due to a misrepresentation by the vendor, the buyer is able to claim directly against their W&I policy for the reduction in value of the purchased business.
Whether a fund, individual, corporate entity, trustee, lender or advisor; our specialist team can arrange bespoke coverage to reflect the specific requirements of the transaction.
Working closely alongside our client and their advisors, our experienced W&I team can arrange cover that meets the needs of both parties.
No two deals are alike, which is why the pricing, coverage and deliverability are the key elements of our process. Achieving the optimum cover for each transaction and ensuring the policy is fully fit for purpose can drive significant value to all parties involved. Transaction timescales are often tight; understanding the strengths and weaknesses of the growing number of insurers is increasingly important.
The underwriting process for placing W&I can generally be completed within 10 to 15 working days from initial enquiry to work in tandem with the deal process.
If you have a Warranty and Indemnity enquiry, or other transactional risk, such as tax or other contingent liability, please get in touch with us today to see how we can assist you.
