Chubb’s Contingent Liability Insurance provides coverage within the context of the transaction. This differs from Representations and Warranties coverage, which covers only unknown exposures.
Product Highlights
Benefits
The allocation of liabilities for identified contingent risks is typically heavily negotiated between parties. These exposures are often the subject of purchase price negotiations, specific indemnities, and/or escrow arrangements. Chubb’s Contingent Liability Insurance may eliminate or effectively mitigate the parties’ exposures to these risks — enabling the transaction to close more quickly, without either party assuming undue risks or limiting or impairing the sales proceeds from the transaction.
Coverage
- Provides coverage within the context of a merger and acquisition or other transaction
- Risks that might be eligible for coverage include potential:
- Litigation exposures
- Environmental exposures
- Intellectual property infringement claims
- Employment matters and disputes
- Exposures relating to accounting methods adopted in the past