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

Business Interruption Insurance
Business Interruption Insurance
Business Protection
Business Protection
Cargo Insurance
Cargo Insurance
Clinical Trials Liability Insurance
Clinical Trials Liability Insurance
Commercial Legal Expenses Insurance
Commercial Legal Expenses Insurance
Credit Insurance
Credit Insurance
Crime Insurance
Crime Insurance
Cyber and Privacy Insurance
Cyber and Privacy Insurance
Directors & Officers Liability
Directors & Officers Liability
Employee Benefits
Employee Benefits
Employers' Liability
Employers' Liability
Employment Practices Liability Insurance
Employment Practices Liability Insurance
Environmental Liability Insurance
Environmental Liability Insurance
General Public & Product Liability Insurance
General Public & Product Liability Insurance
Intellectual Property
Intellectual Property
Key Person Insurance
Key Person Insurance
Lab Insurance
Lab Insurance
Mergers & Acquisitions Insurance
Mergers & Acquisitions Insurance
Motor Insurance
Motor Insurance
Product Recall Insurance
Product Recall Insurance
Professional Indemnity and EO
Professional Indemnity and E&O
PSD2 Insurance
PSD2 Insurance
Risk Management
Risk Management
Stock Deterioration Insurance
Stock Deterioration Insurance
Supply Chain Insurance
Supply Chain Insurance
Terrorism Insurance
Terrorism Insurance
Travel & Personal Accident
Travel & Personal Accident
Venture Capital & Investment Insurance
Venture Capital & Investment 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.

Get Specialist Science & Technology Insurance and Innovate with Confidence

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