Aviva Broker: Warranties and Indemnities

Introducing Warranties and Indemnities

Warranties and Indemnities cover is designed to help protect a company involved in a merger or acquisition from financial loss or liability.

We recognise that despite the thorough processes of due diligence and disclosure, the risk of the unknown is inherent in any merger and acquisition deal. This type of cover can help to facilitate a smooth transaction and remain in place beyond the deal completion.

Why do clients need Warranties and Indemnities cover?

Both buyers and sellers may need Warranties and Indemnities cover
Clients may want cover for protection against historic unknown liabilities arising from a warranty breach by the seller, which results in loss to the buyer
It can demonstrate goodwill by the buyer, especially if the seller will be remaining with the business after its sale

Why choose Aviva's Warranties and Indemnities cover?

Our cover not only provides protection against warranty breaches during a sale or merger, it also insures against any historic unknown liabilities which could result in a warranty breach. Your client can be confident there will be no hidden costly surprises. Our cover includes

Fees, costs and expenses - coverage for investigation and defence costs related to third-party claims that led to a warranty breach
Seller fraud - protection against losses suffered by the buyer due to fraud by the seller
Emergency costs - to help avoid delays in defending a third-party claim
Liability period - extra protection for buyers beyond what a seller’s cover may offer, such as extending the claims period beyond the seller’s liability period
Tax liabilities - typically, buyers will ask that sellers take out cover to help protect them against certain tax liabilities; we can offer cover for up to 7 years from the completion of the deal
Legal proceedings - protection against potential legal proceedings in relation to individual managers or management teams

Did you know?

Policyholders can also access a range of legal help and advice through our Aviva Business Law website, powered by Farillio. Your clients can get access to business and legal guides, along with help for everything from branding to tax planning.

Get a quote

You can get a quote for Warranties and Indemnities by contacting your usual underwriter.

Get in touch with your underwriting team

Claims

Our dedicated claims service is there whenever your client needs us – they can call our 24/7 claims line or email us anytime.

Your client will be allocated a claims handler, who will support them throughout the entire process, but they’ll also have access to our panel of solicitors working in litigation and claims investigation.

Our defence excellence team will be on hand to help protect your clients against fraudulent claims and also give advice on best practice procedures and legislation that can help companies enhance their risk management strategies.

Explore our claims service