A merger can materially change your insurance arrangements and should be discussed with Webber Insurance before the transaction takes effect.

Whether existing policies can continue, be amended or need to be replaced will depend on the legal entities involved, the transaction structure and the insurer’s requirements.

What can change? #

A merger may affect:

• The Named Insured
• Legal entities
• Ownership or control
• Business activities
• Turnover
• Wages and staff numbers
• Subcontractors
• Locations
• Property
• Vehicles and equipment
• Contracts
• Responsibility for previous work

Depending on the circumstances, it may be necessary to:

• Amend existing insurance
• Arrange new policies
• Replace policies
• Review Management Liability arrangements
• Maintain run-off cover for previous professional work
• Preserve continuity under claims-made policies

Particular care should be taken with Professional Indemnity and other claims-made insurance because the entity that performed previous work and the applicable retroactive arrangements can remain important after the merger.

Do not cancel existing insurance until revised or replacement arrangements have been confirmed.

Contact our team before the transaction takes effect.