Insurance Due Diligence

Insurance Due Diligence consists of a fee-based comprehensive confidential analytical review of the quality, scope and cost-effectiveness of the past and present insurance protection available to companies that are acquisition targets, considering disposals or simply requiring an independent assessment of the effectiveness of their corporate risk-transfer strategy.

Our reviews remove uncertainty over the company’s potential balance sheet exposures and help to create the environment for the success of the ongoing business / transaction

A few examples of problems that we have encountered include:

Incorrect / unclear description of the business to Insurers, creating potential for claims to be turned down due to non-disclosure
Gaps between / duplications of coverage under different policies
Gaps in historic liability insurance protection due to failure to retain records [particularly a problem where companies have grown through acquisition], insurer insolvency etc
Failure to upgrade policies as the insurance market evolves
Non-compliance with onerous policy warranties
Exposures created by onerous contract conditions
Failure to protect projected income streams