DOXA
DOXA

Representations & Warranties Insurance

Representations & Warranties coverage protects buyers and sellers against unknown issues in deal that may arise post-close in the form of breaches of the acquisition agreement but were not caught during due dilligence.

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HOW WE CAN HELP

CLOSE THE DEAL,
LIMIT THE EXPOSURE

Through our Reps & Warranties coverage, we step into the buyer’s shoes post-close, providing clients with direct recourse from the insurers if a breach of the seller’s representations surfaces after the transaction is complete. Because both parties benefit, coverage costs are sometimes shared — and seller-side coverage can be structured in certain circumstances.

Brokers bring Reps & Warranties into deals to:

  • Give buyers recourse for post-close issues without going back to the seller
  • Clean up the seller’s exit by removing or reducing indemnity obligations
  • Strengthen a buyer’s bid in competitive auction processes
  • Reduce or replace escrow requirements
  • Protect deal economics on both sides of the transaction
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STANDARD LIMITS PROVIDED:
5-20% OF DEAL
ENTERPRISE VALUE
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LIMIT RANGES:
$3M-$30M
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RETENTIONS
0.25-0.75% of EV
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Policy Term
3 or 6 years
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WHAT TO SUBMIT

YOUR TARGETED QUOTE STARTS HERE

The earlier you submit your coverage requests, the better. As soon as your buyer enters a competitive auction or signs a Letter of Intent, we can begin.

To request a quote, include:

  • Coverage details — limit(s), retention(s), policy length, inception date, and any deal-specific enhancements
  • Transaction information — enterprise value, timing to sign and close, description of the target, deal parties, and their advisors
  • Diligence list — what the insured and their advisors will provide, including any draft reports already prepared
  • Deal documentation — CIM or management presentation, year-end financials, letter of intent if applicable, and the most recent draft transaction agreement

READY TO DISCUSS A TRANSACTION?

Whether you are evaluating a transaction, seeking capacity, or looking for a trusted underwriting partner, our team is ready to help.