Specialist transaction insurance

Contingent Risk Insurance

Contingent risk insurance may be considered where a defined legal or factual uncertainty could affect a transaction, balance sheet or distribution. Insure24 can arrange contingent-risk solutions through its wholesale broker route with Citynet, subject to case-by-case underwriting, due diligence, insurer appetite and final policy terms.

Insure24 is an insurance broker Specialist wholesale route with Citynet Case-by-case underwriting

Direct answer

The exposure must be identified and capable of analysis. This product is distinct from W&I insurance for unknown warranty breaches.

Important: availability, cover, price and timing depend on the transaction, due diligence, insurer appetite and final policy terms. Nothing on this page is legal, tax or personalised regulated advice.

What makes a risk suitable for review

A useful submission explains the event, legal basis and range of possible outcomes.

  • A clearly identified rather than general business risk.
  • Supporting legal analysis and relevant documents.
  • A measurable potential exposure and defined period.

Transaction and non-transaction contexts

The need may arise during an acquisition or as part of a wider corporate decision.

  • Litigation or contractual uncertainty.
  • Title, interpretation or other identified legal issues.
  • A contingent exposure preventing funds from being distributed.

What the policy cannot do

Insurance does not determine the legal merits of the underlying issue.

  • Legal advice remains separate and necessary.
  • Every exclusion and condition must be reviewed.
  • Terms depend on evidence and current insurer appetite.
Confidentiality: do not send data-room access, diligence reports, transaction documents or sensitive deal details through the general contact form. Ask Paul or Salvatore to agree a suitable secure exchange route first.

Contingent Risk Insurance FAQs

Is contingent risk insurance the same as W&I insurance?

No. Contingent risk insurance concerns an identified uncertainty, while W&I insurance generally addresses unknown warranty breaches, always subject to wording.

Does an existing dispute prevent review?

Not automatically, but the precise facts, legal analysis, stage and potential outcomes will be central to whether any market is prepared to consider it.

Can cover be guaranteed?

No. Each risk is assessed individually and may fall outside insurer appetite.

Sources and verification

Product statements are qualified by Insure24's approved proposition and reviewed against the following public sources.

Editorial and technical review

Prepared as general information for UK transaction participants and advisers.

Technical review: Salvatore Scarpato
Last reviewed:
Scheduled review:

Discuss the transaction at a high level

Tell us whether you are a buyer, seller or adviser, the target activity and location, the transaction structure, an approximate value band, the expected timetable and whether an identified risk exists. Do not include confidential documents or detailed risk information at this stage.