Cyber insurance is used to protect businesses and individuals from risks related to Internet connectivity, including malware, ransomware, DDoS and hacking. Cyber insurance may include first party coverage of devices, systems, hardware, software and buildings that are exposed to attack or corruption. Cyber insurance may also include third party coverage for others who have been harmed by the errors and omissions or failure to properly secure personal data by service providers. Read more about cyber insurance
Energy savings insurance is used to protect businesses and individuals from performance shortfalls related to investments in energy conservation measures or renewable energy, such as solar or wind. Energy savings insurance is for large scale energy efficiency, solar, wind and fuel cell projects can help free up debt and investment capital from banks, institutional and private investors. Energy savings insurance policies should include specific coverages and language that ensures capital providers are protected in the event a renewable energy technology or energy efficiency project does not perform as projected. Read more about energy savings insurance
Environmental insurance, also known as pollution coverage or pollution insurance, is used to protect against types of pollution damage, including toxic spills, air pollution, substances, and contamination. Environmental insurance policies can include first and third party coverages for property, bodily injury, cleanup costs and business interruption. Environmental insurance General liability policies exclude most pollution losses leading to the need for specialized coverage in the form of environmental liability insurance. Read more about environmental insurance
Property insurance is first party coverage that provides protection against common risks such as fire, water damage, theft and specialized risks such as earthquake, flood and terrorism.
Property insurance policies are evolving with environmental, renewable energy and smart building technologies. Read more about property insurance
Representations and warranties insurance, aka “reps and warranties”, protects a buyer or seller in the event of a breach in agreed upon representations and warranties by the counter-party in a deal. Reps and warranties insurance (“RWI” or “R&W” insurance) is common in mergers and acquisitions of a certain size, typically over $20 million, but $2 billion and beyond is not uncommon.
Reps and warranties coverage can enhance transactions in a variety of ways that are beneficial to the speed and success of a deal. R&W insurance transfers risk away from certain parties in a deal with benefits accruing to either the buyer or seller in a deal. Read more about reps and warranties insurance