Tysers Insurance Brokers | Contingent Risks

contingent risks

 

Contingent Risks covers specific issues identified in due diligence which may crystallise and lead to financial loss.

  • It can address a wide variety of risks including potential or on-going litigation or arbitration, appeals or challenges to awards, as well as regulatory or other contingent issues.
  • These solutions remove the need for an indemnity, escrow or price adjustment in a deal.
  • Policy can commence when a deal signs and are multiyear in line with the exposures being covered; up to a maximum of 10 years.
  • The premium is a one-off cost payable after inception of the policy and depends on the nature of the exposure.
  • Either the buyer or the seller can be the policyholder.
  • Quotations can be obtained within 72 hours and policies put in place within 14 days.