My Account
1. Initial submission
The broker prepares a high-level description for an appetite review.
- Transaction structure, parties and target activity.
- Value band, requested limit and timetable.
- Diligence scope and any identified risks.
Specialist transaction insurance
The W&I Insurance Process
The W&I process usually moves from an initial transaction summary to market appetite, insurer selection, diligence review, underwriting questions and policy negotiation. The exact sequence and timing depend on the transaction.
Insure24 is an insurance broker
Specialist wholesale route with Citynet
Case-by-case underwriting
Direct answer
Starting early helps the insurance workstream fit the transaction, but no quotation, acceptance or completion timetable can be guaranteed.
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.
2. Underwriting review
Selected underwriters assess documents and the diligence process.
- Acquisition agreement and disclosure materials.
- Relevant diligence reports and follow-up answers.
- Any material limitations or unresolved issues.
3. Policy negotiation
The parties compare the proposed cover with the agreement and commercial objective.
- Insured warranties and definitions.
- Exclusions, retention, limit and policy period.
- Signing, payment and inception requirements.
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.
The W&I Insurance Process FAQs
How long does W&I underwriting take?
There is no universal timetable. Readiness of documents, diligence, transaction complexity, adviser availability and insurer questions all affect timing.
When is an underwriting call used?
An insurer may use a call to discuss the transaction and diligence with the deal team and advisers. The format depends on the insurer and transaction.
Can the policy be negotiated after signing?
The intended policy timing should be agreed with advisers and insurers. Do not assume cover will apply before the policy is finalised and incepted.
Related M&A insurance guides
Warranty and indemnity insurance
The core W&I product page for buyers, sellers and their advisers.
M&A insurance
An overview of transaction insurance routes, including W&I and identified risks.
Tax liability insurance
A specialist route for an identified tax position within or outside a transaction.
Contingent risk insurance
A specialist route for an identified legal or contingent exposure.
W&I insurance cost
What can influence premium, retention, fees and the overall transaction budget.
Buyer-side W&I insurance
How a buyer-side policy can interact with the acquisition agreement and diligence.
Seller-side W&I insurance
When seller-side protection may be discussed and why structure matters.
W&I insurance for smaller deals
How to prepare a smaller transaction for an early market-appetite review.
What does W&I insurance cover?
A qualified guide to warranties, exclusions, disclosure and policy wording.
W&I insurance vs escrow
A neutral comparison of two different ways to allocate transaction risk.
Insurance when buying a business
A buyer's checklist for transaction and operational insurance questions.
Insurance when selling a business
A seller's checklist for disclosure, historic cover and transaction risk.
Sources and verification
Product statements are qualified by Insure24's approved proposition and reviewed against the following public sources.
- Citynet Insurance Brokers — Citynet's official description of its wholesale Lloyd's broker role.
- Financial Services Register — Check the regulatory status and permissions of financial-services firms.
Editorial and technical review
Prepared as general information for UK transaction participants and advisers.
Technical review: Salvatore Scarpato
Last reviewed:
Scheduled review:
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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.