October 3, 2024
October 3, 2024: Martin Borosko, Managing Member and Staffing Practice Leader sat down with the Acrisure team of Kevin Tuner, Vice President and Tony D’Amicantonio, Client Advisor to discuss a very much-misunderstood and critical topic of tail insurance.
Key Takeaways:
- The risk of tail exposure – i.e. trailing liabilities
- The gaps that exist between tail exposure and tail coverage.
- The difference between occurrence and claims made based policies in a transaction.
- The importance of early diligence into the existing policies of the Seller.
- The impact of known instances of a potential loss.
- The utilization of continuing coverage, run-off policies and extension of policies to provide better insulation to Buyers.
- The influence that structuring a transaction as an equity purchase or an asset purchase has on post-closing tail exposure and insurance coverage.
- Illustrative case studies.
- Understanding retro dates, continuity dates, pending and prior dates and how they all have to align for effective post-closing coverage.
- Considerations for determining the length of tail coverage.
- Industry specific analysis of tail exposure and availability of tail insurance.
To watch their discussion, follow the link below: