Specialty insurance coverage supplier CFC has launched what it’s calling the primary ever transaction legal responsibility insurance coverage product to be embedded into on-line M&A platforms within the USA.
CFC is initially making its Vendor Shield accessible on the Flippa.com on-line M&A market.
M&A platforms are altering how small enterprise belongings are purchased and offered with an rising variety of small companies utilizing them – but many of those companies aren’t conscious of the insurance coverage safety accessible to mitigate the dangers offered in any merger or acquisition deal, CFC mentioned. Embedding Vendor Shield into these platforms and enabling clients to opt-in to buy the duvet at a time that fits them within the M&A course of addresses the problem head on, delivering beneficial safety that’s related to small companies, easy to grasp and at a value they’ll afford.
Vendor Shield insures sellers for his or her authorized legal responsibility arising from harmless misrepresentations made to the customer, offering cowl as much as 100% of the vendor’s indemnity plus protection prices and entry to skilled authorized counsel and help.
Gus Marshall, Head of Transaction Legal responsibility at CFC, provides: “This innovation permits us to deliver model new premium to the market from a very new kind of insurance coverage purchaser as the shoppers we’re aiming to assist couldn’t entry this kind of cowl beforehand. It underlines each our management throughout the SME transaction legal responsibility area, and our dedication to product innovation led by product design, expertise and novel distribution.”
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