Warranty and Indemnity Insurance

Sale and purchase agreement (SPA) breaches can prove costly. Warranty and indemnity cover protects against losses resulting from a breach of warranty under an SPA and liabilities arising under a tax deed or covenant.

Protect your deal with transaction liability insurance

When it comes to mergers and acquisitions, managing risk isn’t optional - it’s essential. Transaction liability insurance can help drive value, protect investments, safeguard returns and streamline the M&A process, benefitting both buyers and sellers.

Our team arranges cover that reflects the unique structure of your transaction, utilising the spectrum of transaction insurances available (including W&I, tax, contingent and title) to help ensure optimal, tailored coverage.

Secure your transaction. Simplify negotiations. Protect your interests.
Talk to our insurance specialists today to discuss your transaction.

0330 128 9800

Benefits for your business

Clear has no ties to any one market and is able to provide unique, tailored insurance solutions

Cover against the loss resulting from a breach of warranty under the SPA or a breach of a tax deed or covenant

Clear has access to markets that can fill gaps in the Warranty and Indemnity policy

Warranty and Indemnity Insurance can enable transactions to complete that might otherwise fall through

Clear does not charge abortive fees

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Frequently asked questions

What does a warranty & indemnity policy cover?

The policy provides cover that will mirror the warranties and tax indemnities in the SPA. We aim to arrange back-to-back cover wherever possible. Subject to the specific circumstances, it may also be possible to cover other indemnities negotiated in the SPA.

Most policies are placed on the buy side, but it is also possible for the seller to be the insured party.

What is the application process?

In order to obtain non-binding indications (NBIs) from insurers, we will require details of the transaction, together with a copy of the proposed SPA.

NBIs will include pricing, details of the proposed structure of the policy, any exclusions that may apply and any available coverage enhancements. We will produce a consolidated NBI report and work with you and your advisers to select the most suitable insurer for the transaction.

To underwrite the transaction, the insurer will require copies of the due diligence reports produced in connection with the transaction (including legal, tax and financial as a minimum). The insurer will then produce underwriting questions which require written responses. An underwriting call may also be necessary to answer any queries they may have.