
Each policy is custom made to suit the transaction, although there are a number of common features. There are two types of insurance available for Warranty and Indemnity:
Seller Policies–purchased by the Seller of a company (or of assets or business) and cover their legal liability arising out of a breach of warranty.
Buyer Policies–purchased by the Buyer and indemnify the Buyer for any amounts to which they are legally entitled as a consequence of the Sellers’ breach of warranty.