M&A/Investment Banking E&O Solutions

M&A and Investment Banking professionals have a unique errors and omissions exposure which is not often understood by many insurance brokers. We’ve come to discover this by reviewing countless E&O policies, many of which fell short as a result of one of the following:

1. The Insured’s insurance broker, obtained coverage from an Insurance carrier which does not typically provide coverage for small-middle market M&A/Investment Banking firms. In order for the carrier, to meet their minimums, a high premium is charged and the deductible is in the six figures.
2. An insurance carrier which has provided fantastic terms to M&A/Investment Banking Firms for our clients, failed to do so for an Insured represented by an insurance broker without an expertise in their field. This isn’t favoritism, but often an inexperienced agent does not know how to properly explain their client’s risk profile nor know which of the dozens of coverage enhancements should be requested.
3. The Insured’s agent was able to get a bargain basement policy from a “Miscellaneous Professional Liability Underwriter”, but the policy was right off the shelf (the same one that could be used for a pest control specialist) and chalked full of exclusions which made the policy valuable only for the sake of being able to say “yeah, we carry E&O”.

The Todd Associates team is well versed in your business’s unique exposures and we have our finger on the pulse of the insurance market place for your professional liability insurance.

If you would like to learn more information please contact us and ask for a member of our professional liability insurance department. To obtain initial pricing/coverage parameters, please complete the application below (please save the application to your hard drive prior to completing).

M&A/Investment Banking Preliminary Application