Warranty and indemnity insurance benefits both sellers and buyers in corporate transactions. A policy indemnifies a party for financial losses that could arise out of a breach of warranty or indemnity in the purchase agreement.
Transactional Risks
Warranty and indemnity insurance for both sellers and buyers
Our role is to make your deal happen now – and to protect your interests in the future
Warranty and indemnity insurance benefits both sellers and buyers in corporate transactions. A policy indemnifies a party for financial losses that could arise out of a breach of warranty or indemnity in the purchase agreement.
Sellers use it to limit their ongoing liabilities and prevent sale proceeds being held up in escrows, allowing them to exit deals cleanly. Buyers use it to make their bids more attractive to sellers and to protect the value of their investment once deals are done.
We work for buyers and sellers in corporate transactions, as well as for the firms that advise them. Our job is to make sure the parties in a transaction get the insurance coverage they need, first to make their deal happen, then to protect their interests in the future.
We can put together back-to-back cover for warranty liabilities given in the purchase agreement transferring the risks to the insurer. The insurer will either cover the buyer (a buyer-side policy) or agree to indemnify the seller (a seller-side policy). Our team also structure insurance solutions to cover known risks identified in due diligence including tax, legal and pension contingencies.
Our Services
We’ll use our experience, influence and relationships with insurers to get you the best possible coverage.
We'll also:
Scrutinise your deal to understand it inside out and help you get a better understanding of the risks you face
Help you structure your agreement so it gets over the finish line and suggest changes to the structure or the wording to make it more acceptable
Think creatively about how to plug gaps in coverage, identify difficult risks and help you access other markets if you need
Look past the deal itself to help you understand your on-going operational risks and consider the full spectrum of your corporate risk
Help you cover known liabilities and put contingent risk insurance in place
Our services include:
W&I insurance
Tax insurance
Contingent insurance
Due diligence
We're here to help
We bring creative thinking and an entrepreneurial spirit to the insurance business and are uniquely positioned to help you succeed.
Talk to our teamContact us
Seamus Casserly
CEO
seamusc@lockton.com
+27 11 510 1303
Derick Attree
CEO
DerickA@lockton.com
+27 11 510 1304
Anton Mol
Director & CCO
AntonM@lockton.com
+27 10 020 8245
Uncommonly Independent
We bring creative thinking and an entrepreneurial spirit to the insurance business and are uniquely positioned to help you succeed.
See our storyDownload our brochure
Operating out of Johannesburg, our core team of 40 specialists falls under Lockton Overseas Limited, the London-based arm of the business, and provides the spectrum of risk management, advisory and insurance services.