Transactional Risks

In the high-stakes world of mergers and acquisitions, risk is a dealbreaker. Buyers, sellers, and their advisors are increasingly turning to insurance to allocate risk, secure value, and close with confidence.

At Price Forbes, we partner with brokers to place transactional risk coverages that remove friction from deals, whether it’s a cross-border acquisition, portfolio divestment, buy-and-build strategy, or complex legal exposure. With direct access to specialist M&A underwriters across Lloyd’s and global company markets, we structure solutions that support deal certainty, reduce escrow demands, and offer clean exits for sellers.

Our expertise spans the full transaction lifecycle, from early-stage structuring through to post-close and, where needed, claims support. We help brokers deliver strategic value to principals and advisory teams across legal, financial, and investment communities. 

We regularly support transactions across the UK, Europe, Asia Pacific, Africa, the Middle East, and South America, ensuring clients receive tailored and best-in-market solutions for their deal.

Transactional Risks coverages

We support placement of transactional risk solutions for individual deals or fund-wide programmes. Core coverages include:

  • Warranty & Indemnity (W&I) / Representations & Warranties (RWI)
    Protects against financial loss resulting from breaches of warranties or representations made in an acquisition agreement.
  • Tax Liability Insurance
    Covers identified tax risks where treatment by authorities may be uncertain or open to interpretation.
  • Contingent Risk Insurance
    Tailored cover for known legal exposures that could crystallise post-close, including litigation, regulatory investigations, or title disputes.
  • Title & Real Estate Guarantees
    Covering real estate-related M&A risks including zoning, lease disputes, or missing easements.

We work with insurers to secure optimal terms on policy structures, exclusions, and policy periods, all matched to the commercial dynamics of the deal.

Industries we support with Transactional Risks solutions

We assist brokers across sectors, territories, and transaction sizes where M&A, investment, and fund activity present transaction risk:

Transactional Risks Insurance

Frequently Asked Questions

Not at all. The market has evolved considerably to allow cover for transactions of all sizes, from GBP1 million or lower to multiple billions.

The Insureds on W&I / RWI policies are almost always the buyer, however, it is not uncommon for the seller side to initiate the process to gain visibility on what coverage will be available. In terms of payment of the insurance costs, this is invariably a negotiation between the seller and the buyer as part of the wider transaction.

We can turn around coverage within 3 - 10 business days, depending on deal complexity and underwriting access.

Depending on the nature of the transaction, an information memorandum, draft acquisition agreement, target financials, due diligence reports, and Q&A log. We guide the client team through the process to position the deal clearly and favourably to insurers.

Yes - for identified tax or legal risks, contingent liability cover can be structured. This is distinct from W&I / RWI, where 'actual knowledge' of an issue is excluded.

Let's Talk

Our insurance experts are always on hand to talk about ways we can join forces to take on the future.

Contact Us