Executive Risk Chubb Executive Risk has created a new Representations and Warranties Liability insurance policy offering on a single form coverage for either the buying company or the selling company against certain unanticipated liabilities associated with mergers and acquisitions.
In the sale of a business, the seller makes contractual representations and warranties that form the basis of a buyer’s purchase decision. Chubb Executive Risk’s new policy helps protect a seller from financial loss resulting from a lawsuit caused by a breach of one or more insured representations or warranties.
A buyer can also purchase the new policy to help protect against financial loss resulting from a seller’s breach of one or more insured representations and warranties.
Was this article valuable?
Here are more articles you may enjoy.
Insurance Mogul Lindberg Gets 12 Years for $2 Billion Fraud 
Moody’s: US Faces $375B in Uninsured Flood Losses From 1-in-100-Year Event 
Viewpoint: The AI Boom – When Risk Stops Being Rare, Insurance Must Evolve 
Florida’s Property Tax Plan Risks Charging Fees for ‘Everything’ 
