R&W INSURANCE FOR DEALS FROM $250K TO $10M
Rep & Warranty Insurance (R&W) has become one of the most reliable tools in M&A, where Sellers transfer their indemnity risk to an insurer. The problem for the "Micro-Market" (sub-$10M TV) is that R&W was only available for deals above the $10M TV threshold, and required expensive diligence reports.
Today, a new insurance program, Transaction Liability Private Enterprise (TLPE) has been launched to fill the needs of the "Micro Market". This product is a Sell-Side policy which can insure deals up to 100% of TV, and doesn't require rigorous diligence reports. The cost is also lower than the traditional R&W premium + underwriting fee.
If you have a deal coming and are open to seeing if TLPE may be a fit, you can e-mail me: [redacted]