About the Policy
Buyer’s Warranty & Indemnity insurance is a strategic tool designed to mitigate financial risks arising from a breach of warranty in a Sale and Purchase Agreement (SPA) or certain other transaction documents to proactively manage transaction risks. Predominantly used in share deals, it offers critical protection against potential financial losses associated with unknown or undisclosed matters . This brings with it several benefits, including a clean exit for sellers, peace of mind for buyers and facilitation of the negotiation process thereby enhancing deal certainty for both parties involved.
Important details
Features
Exclusions
- Any Insured Warranty marked as "Exclude
- Prior pending litigation, disputes
- Civil fines or penalties (but only to the extent that such fines or penalties are uninsurable by law
- Civil fines or penalties (but only to the extent that such fines or penalties are uninsurable by law
Refer to the policy wordings for further details.