Tax Liability Insurance can be implemented as part of a transaction or as stand-alone cover. A typical scenario would be where a tax issue resides within the target company and the seller is unable, or unwilling, to provide the buyer with a contractual indemnity equal the level of recourse required.
Available for either pre or post transaction, Tax Liability Insurance is of a ‘claims-made’ nature with the policy period typically matching the general statutory enquiry window applicable to the risk (often up to 7 years). Each Tax Liability Insurance Policy is bespoke and tailored to fit around the specific underlying tax issue.
As a specialist mergers and acquisitions sector broker, we have extensive experience of this market having been involved in providing these types of solution for more than 15 years.
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