Episode description
One of the biggest sticking points during the negotiations for any M&A deal is indemnification. It’s a problem Nate McKitterick has dealt with for many years as a partner specializing in transactional insurance and indemnification matters at law firm DLA Piper.
Basically, buyers insist that sellers be “on the hook” for any issues that come up post-sale. And sellers are nervous about making the representations required for a deal to go through… when something out of their control could cost them their personal assets.
Nate highlights a specialized type of insurance that transfers all the indemnification risk to a third-party. We get into the nitty-gritty on how these policies work and how to set them up, as well as…
- The level of due diligence insurance underwriters are looking for
- #1 thing owners and founders/sellers must know when negotiating indemnification
- The role of the broker in securing the right transactional insurance
- 6 types of transactional insurance that could be vital to your next deal
- And more