La Playa: Insurance with Intelligence®

Science & Technology

La Playa: Insurance with Intelligence®

M&A Insurance

Considering flotation or a private acquisition or sale? M&A Insurance is a useful way to ring-fence the warranties and liabilities contained in the merger or acquisition prospectus, offering documents, or Sale and Purchase Agreement (SPA).

We can offer IPO and Warranty & Indemnity Insurance for public offerings and private transactions.

Mergers & Acquisitions Insurance

Bring confidence for all parties: ring-fence SPA warranties and indemnities and transfer them to a carrier...

  • Free-up capital that might otherwise be stuck in escrow
  • Remove uncertainty around long-term tax liabilities, by passing them to an carrier
  • Beef up your IP reps and warranties with bullet-proof insurance

Buyer policies can be structured to achieve any or a combination of the following:

  • Increase the amount of indemnity and extend survival periods
  • Back-stop an indemnity or other obligation where there’s concern the seller may fail to perform or is perhaps not financially able to meet its obligations
  • Broaden the scope of warranties & indemnities to a level acceptable to the buyer
  • Distinguish a bid in auction process

Seller policies can be used to:

  • Protect passive sellers (silent investors)
  • Avoid funds being held in escrow – enabling early distribution of sale proceeds
  • Reduce contingent liabilities, e.g. tax liabilities
  • Enable a “clean exit”

What's covered...

Insurance policy limits are available up to:

  • USD 100,000,000
  • GBP 70,000,000
  • EUR 80,000,000

For an initial non-binding quote indication, we need:

  • Copy of draft sale and purchase agreement
  • Most recently filed audited accounts
  • Disclosure letter if available

Warranty & Indemnity Insurance

Disagreements over the scope of warranties and indemnities made by one party to another, or the duration or amount of a party’s indemnification obligations can break negotiations. A W&I policy can be an effective tool to bridge these gaps.

Primarily designed to respond in a merger and acquisition context, W&I Insurance can also be used to respond to warranties or indemnities given in other transactions such as:

  • Financings & Investments
  • Licensing Agreements
  • Liquidations
  • Restructurings & Workouts
M&A Insurance

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How We Can Protect Your Business

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Business Travel Accident
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Clinical Trials Liability Insurance
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Consequential Loss Insurance
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Errors & Omissions Insurance
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Inland Marine
Inland Marine
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M&A Insurance
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Product Recall Insurance
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Risk Management
Risk Management
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Stock Deterioration Insurance
Stock Deterioration Insurance
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Supply Chain Insurance

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Testimonials

What Our Clients Say

Specialist & Independent

La Playa's specialist Science & Tech team can help you protect your business with smart, flexible, high-performance insurance - with a friendly human UI. We understand the risks and pressures you face - and we speak your language. We’ll support you with great advice - helping you make good decisions for your business.

Advice You Can Trust

…from an expert who understands you

  • Specialist insurance for science and technology
  • Independent professional advice
  • Relationship-based service: right beside you when you make a claim
  • “Can do” culture
  • Seamless insurance across US and UK
Robot

Tech-based business is 24/7, global and borderless, always exposing you to new risks and liabilities - often in unfamiliar places. As the law struggles to keep pace with technology, insurance can provide a real safety net if you fall foul of changing legislation.

With specialist Science & Technology insurance you can innovate with confidence

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