Warranty & Indemnity Insurance

What is Warranty & Indemnity Insurance?

It is a tailored insurance product to cover breaches in representations and warranties during the process of a merger or acquisition of a business. Sellers can cover themselves to prevent sale proceeds being tied up in escrow accounts. Buyers can ensure that warranties have real value even if the seller is unable to pay a warranty claim which arises some time in the future.

Key Coverage:

  • Insures the full Enterprise Value (EV) (either sitting above the W&I or from the ground up) and for the insured’s full ownership period.
  • Cover can be for either share or real estate ownership or for both.
  • Cover can be provided in deals without any real estate.

Key benefits to buyers and sellers:

  • Provides cover up to the full EV for the Fundamental Warranties.
  • Covers the insured for their entire ownership period.
  • Protects the sellers for the warranties they provide when they sell the company

What information do we need to obtain terms?

  • Deal structure (who is driving the insurance) and timing.
  • Confirmation on insured values and excess structure.
  • Whether you need title to property (number of properties in the deal) or shares or both.
  • Any specific title or share risk to be insured?
  • Copy of the property DD.
  • Copy of the corporate DD.
  • Copy of the SPA.

What will be taken into consideration?

  • The transaction value
  • Complexity of the transaction
  • The industry sector
  • Geographical spread of the business
  • Quality of the transaction process
  • Who the advisors are and their experience

Want to learn more?
Contact the team at Surety Bonds and we can organise a meeting to explain further.

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Surety Bonds

Our process is seamless and requires very little effort from you. As our client you will benefit from both our expertise, and our established relationships with global surety markets.

Why Choose Surety Bonds

Because customers benefit from our experience in the Global Bond Market.

Experience

Our experienced team of surety specialists simplify the process for our clients as they secure tailored and competitive terms on their behalf.

Relationships

Firm relationships established with surety providers & specialist underwriters; ensuring we can get deals done securing favourable rates, terms & conditions without delays.

Trusted

As Ireland’s leading authority on surety bonds we are a trusted intermediary recognised and relied upon by Brokers nationwide as they provide best terms and service to their clients.

Meet Your Team

Colm McGrath, Managing Director of Surety Bonds and Director of Brady Insurance

Colm McGrath

Managing Director

Karen Halpin, Business Development Manager at Surety Bonds.

Karen Halpin

Business Development Director

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