With Rep and Warranty Claims, It Pays to “Spill Your Guts” to Your Insurer
When it comes to standard car, home, or health insurance, policyholders tend to play it close to the vest. They won’t freely give information above what the insurance company requires, and if the insurer starts asking questions, especially about a claim, they get downright defensive. They’re worried the company is trying to deny a claim […]
Rep and Warranty Coverage Now Widely Available for Smaller M&A Deals
Up until very recently, rep and warranty insurance, which offers many advantages to buyers and sellers during mergers and acquisitions, has been available primarily with deals worth $50 million or more. But good news for those involved in smaller deals.
Why Strategic Buyers Don’t Need Rep and Warranty but Shouldn’t Do a Deal Without It
A couple of years back, I witnessed a train wreck of an acquisition that could have gone much, much smoother if the parties involved had taken one extra, but very low cost, step as they put together the deal. Let me set the scene. The owner of a telecommunications company was ready to sell… to […]
How Much Does R&W Coverage Cost? It’s Much Less Than You Might Think and the Value is Priceless
Representations and warranties insurance should be part of any large-scale merger or acquisition deal. Such a policy puts the risk in a business transaction away from buyer and seller and onto a third party – an insurance company.
The Audi and Silvercar Acquisition Case Study and… How You Can Protect Yourself in Your Own M&A Deals
In March 2017, luxury automaker Audi, part of the Volkswagen Group, announced they were buying Silvercar, a distinctive and disruptive rental car company known for its fleet of Audi A4s in, what else, silver.
Four Ways to Protect Yourself From the Fiduciary Liability Litigation Machine
The scene – an unnamed company. A new CFO was appointed and installed as the 401(k) plan administrator. He replaced the 12 investment options offered before with three mutual funds. It turns out his brother managed those funds. A clear conflict of interest with regard to the 401(k) plan – enough to trigger serious legal […]
Welcome, Sheldon Mowrey To The Liberty Team
The Liberty Company Insurance Brokers is pleased to announce and welcome its newest member, Sheldon Mowrey, who will join the Liberty team in our Employee Benefits Division as Vice President/Producer in our Los Angeles office in Woodland Hills, CA
The $11,000 Per Day Liability, “Hidden” Inside Your Health Insurance
If you’re offering health insurance to your employees, you may not know it, but there’s a “hidden” liability waiting inside your plan. It’s waiting for you, the fiduciary of the plan, to make a simple clerical mistake. When you do it will cost you $110 per day, per employee. For a 100-person firm, that’s $11,000 […]
Welcome, Tom Wasiewicz To The Liberty Team
The Liberty Company Insurance Brokers is proud to announce Tom Wasiewicz to our Employee Benefits Insurance Division.
Tom brings eight years’ insurance industry experience to Liberty, with a focus on corporate-level medical coverage. He will be joining the new Santa Monica office, helping Liberty grow its Employee Benefits Insurance division.
Actionable Ideas: This New Approach To Med-Mal Tail Insurance Adds Hundreds Of Thousands Of Dollars Of Profit To Healthcare M&A Deals
Rep & Warranty Insurance is a well-known tool to reduce risk and increase cash flow for the M&A industry. But what if your deal is too small (under $50M transaction value) for R&W? There’s hope for one of the most active sectors in M&A – healthcare, where news of a lesser-known tactic for saving money […]