Tax Indemnity Insurance
Tax Indemnity Insurance guarantees an insured that if an insured does not obtain the particular tax benefits anticipated in a transaction as more fully described in a tax opinion, or in the tax years specified, that the insurer will indemnify the insured for the full amount of the tax loss sustained, plus any ancillary expenses.
Conversely, Tax Indemnity Insurance can be used to guarantee to an insured the specified adverse tax consequences will not occur in the future.
Representation & Warranty Coverage
Structural Indemnities are designed to provide business with economic certainty as to the tax implications of a transaction or investment, the structural integrity of a transaction's documentation or the financial viability of seller or borrower reps & warranties.
Consequently, Structural Indemnities may facilitate a business' ability to make, and effectuate, commercial decisions in a timely fashion and in a guaranteed manner.
Structural Indemnity Insurance
This form of coverage can be applied to:
. Portfolio Purchase & Sale Indemnitites
. Portfolio Seller Reps & Warranties
. OFSC Debt "Disconnect"
. Lessee/Lessors Transaction Indemnitites
Synthetic Lease Enhancements
This form of coverage can be applied to:
. "97-10" Coverage
. Condemnation Coverage
. Excess Casualty Coverage
. Builders Risk Coverage
Structural Indemnity Insurance
Insurance can address corporate sales, purchases, spin-offs, restructurings, derivatives, etc., as well as to issues pertaining to such items as hybrid securities, compensation, and foreign transactions.
There are no preconceived restrictions on the situations to which Structural Indemnities could apply. some of the applications are:
. Tax Indemnity Coverage
. Representation & Warranty Coverage
. Accounting Indemnity Coverage
. Structural Warranties
. Synthetic Lease Coverage