A seller should prepare both the transaction insurance workstream and an accurate record of the target's operational insurance. Clear disclosure and policy history can reduce avoidable uncertainty during diligence.
W&I insurance may support the negotiated warranty structure, but it does not correct incomplete disclosure or replace advice on the sale agreement.
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.
Organise the target's policies and claims evidence for the diligence process.
Discuss W&I early enough to coordinate it with the transaction documents.
The seller may still need insurance arrangements after the business transfers.
No. Disclosure remains an essential part of the transaction and underwriting process.
That depends on the policy and transaction arrangements. The parties should document responsibility and preserve the evidence needed to continue the claim.
Potentially. Directors and officers, professional indemnity and other claims-made covers may require specific review before completion.
Product statements are qualified by Insure24's approved proposition and reviewed against the following public sources.
Prepared as general information for UK transaction participants and advisers.
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.
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