
Gerry Williams
Purchase Agreement | M&A Attorney
The purchase agreement – getting it right from the beginning with the LOI helps a smooth closing. Gerry Williams, an M&A attorney, outlines a purchase agreement’s key components and four…
Mergers & Acquisitions – They say selling a business is an art – we’ve turned it into a science
Schedule a ConsultationPatrick Stroth returns to M&A Talk to discuss the ins and outs of directors and officers insurance – also known as D&O insurance – and why it is a standard component of a transaction for buyers of middle-market businesses. Patrick highlights how the D&O tail can work along with reps and warranties insurance and tips on how to make it fairly painless for a seller to get D&O insurance even if they have never had this type of insurance before. This must-know topic applies to sellers now or planning to sell in the future.
“The purpose of a D&O insurance policy is to protect owners and founders from legal actions brought against them for decisions they make in the course of running their business.”
Patrick Stroth
“Getting a D&O insurance policy, or getting the right insurance in general, is just good corporate and risk hygiene that is going to better position a company and enhance its value.”
Patrick Stroth
What exactly is D&O insurance, who needs it, and how is it different from general liability? [2:20] | |
What role does this type of insurance play when selling a company? [8:03] | |
Why is reps & warranty insurance not enough by itself? [12:08] | |
How does the cost compare between a reps & warranty policy and D&O insurance? [15:24] | |
What events does this insurance cover? Is it only for events that happen pre-closing? [21:44] | |
What categories might claims fall under? [25:08] | |
What is the application process to apply for a D&O insurance policy? [31:17] | |
Why should an owner get a D&O policy if they are not actively selling their business? [37:54] |
As National Practice Leader for Mergers & Acquisitions for Liberty Company Insurance Brokers, Patrick and his team deliver the broadest array of transactional liability coverage solutions to the middle and lower middle market. These programs range from RWI – both Buy and Sell side, Seller Fraud, Naked D&O Tail, Tax Liability, Environmental Liability, and Secondary transactions.
We invested over a decade perfecting every step of the process. The result is a method proven to reduce your risk and maximize your price.
View Our Process NowYou’ve invested your blood, sweat, and tears into an enterprise that has provided for you, your family and your employees. The moment has finally come for you to start a new chapter in your life. Explore your options now.
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