Berkshire Hathaway Specialty Insurance vs Coverdash: Representations and Warranties Insurance

Berkshire Hathaway Specialty Insurance states portfolio capacity up to $25 million; Coverdash arranges quotes from a panel of insurers and says R&W can reduce or replace escrow and indemnity holdbacks.

Kearny Risk organizes these comparisons for firms whose advice, content or technology creates professional exposures.Research updated 2026-10-01

BHSI’s 2025 overview reports up to $25 million in portfolio-wide Transactional Liability capacity; Coverdash arranges insurer-panel quotes and says buyer-side R&W policies are more common.

What Are the Key Differences Between Berkshire Hathaway Specialty Insurance and Coverdash Representations and Warranties Insurance?

Insurer capacity versus broker placement

Berkshire Hathaway Specialty Insurance’s 2025 overview reports up to $25 million in Transactional Liability portfolio capacity, with retention and premium varying by deal size and risk. Coverdash arranges R&W quotes from an insurer panel and says buyer-side policies are more common because the buyer can recover directly from the insurer. The BHSI figure is a dated portfolio measure, not current capacity committed to this deal; ask BHSI what can now be offered and which Coverdash markets will review the transaction. [3] [5]

Escrow and transaction objective

Coverdash says R&W insurance can reduce or replace escrow and indemnity holdbacks; BHSI describes the same potential benefit as a way to reduce seller escrow while adding protection beyond negotiated caps and survival. Those are possible transaction effects, not guaranteed results. The buyer and seller should test the premium and retention against the holdback they plan to replace. [5] [3]

What Should You Confirm in Berkshire Hathaway Specialty Insurance and Coverdash Representations and Warranties Insurance Quotes?

  • Ask Coverdash to name each insurer, lead market and proposed buyer/seller structure. [5]
  • Ask BHSI to confirm deal-specific limit, retention and premium. [3]
  • Quantify escrow reduction alongside exclusions and recovery rights. [5]

Areas of coverage

Berkshire Hathaway Specialty Insurance

  • coverage: BHSI’s current U.S. Transactional Liability page and linked overview name Representations and Warranties Insurance as a product. Direct U.S. product listing; final coverage depends on transaction-specific contract terms.company-reportedSource ↗Source ↗
  • coverage: The U.S. overview describes R&W insurance as adding protection beyond negotiated caps and survival periods and as potentially reducing seller escrow. Company-reported transactional use cases; not a promise of clean exit, outcome or standardized policy response.company-reportedSource ↗
  • limits: The 2025 U.S. Transactional Liability overview states portfolio capacity up to $25 million and says premiums/retentions vary with transaction size and risks. Portfolio-wide underwriting capacity, not a guaranteed R&W limit or quote; document dated 2025-05-16-A.company-reportedSource ↗
  • eligibility: The current page lists manufacturing, financial institutions, technology, real estate, energy, healthcare and retail as transactional-liability target sectors. Portfolio target sectors, not R&W-only acceptability criteria.company-reportedSource ↗

Coverdash

  • role: Coverdash arranges representations and warranties insurance quotes from its panel of insurers rather than underwriting the policy itself, as one of three products (alongside tax liability and contingent liability) on its transactional risk page. Coverdash's transactional risk product page, scoped to the reps and warranties card specifically, read together with the provider record's brokerage role. Does not identify which insurer would actually issue a given quote.company-reportedSource ↗
  • insurer: The transactional risk page does not name an issuing insurer for representations and warranties coverage. Coverdash markets a panel of carriers generally, but not which one underwrites a particular reps and warranties quote. Checked the transactional risk product page on 2026-09-23; no insurer is disclosed there for this product.not-disclosedSource ↗
  • eligibility: Coverdash markets representations and warranties coverage to buyers, sellers and investors in mergers, acquisitions and private equity deals, describing it as a way to allocate deal risk and help close with confidence. Hero description and Who it's for section, read for the reps and warranties product specifically rather than the whole transactional risk category.company-reportedSource ↗
  • coverage: Coverdash describes representations and warranties insurance as covering losses from a breach of the representations and warranties made in a deal, specifically breaches of the seller's representations and warranties. Reps and warranties Types of Coverage card and the FAQ answer to 'What's covered?'; exclusions, retentions and claims conditions are not described and would appear on the issued policy.company-reportedSource ↗
  • coverage: Coverdash says either the buyer or the seller in an M&A transaction can buy representations and warranties coverage, and that buy-side policies are the more common choice because they let the buyer recover directly from the insurer. FAQ answer to 'Who buys reps and warranties coverage?'.company-reportedSource ↗
  • coverage: Coverdash says using representations and warranties insurance can reduce or replace escrow and indemnity holdbacks in a deal, and that it helps protect the buyer-seller relationship and close deals faster. FAQ answer to 'Why use transactional risk insurance?'; applies to the reps and warranties product specifically.company-reportedSource ↗
  • limits: The transactional risk page does not publish limit, retention or premium amounts for representations and warranties coverage. Checked the transactional risk product page on 2026-09-23; limits and retentions are not shown there and would appear on a quote.not-disclosedSource ↗

Sources reviewed

  1. 01
    Mergers & Acquisitions

    Beazley · Product overview: buyer and seller protection for inaccuracies in representations or warranties · accessed 2026-09-16

  2. 02
    Transactional Liability

    Berkshire Hathaway Specialty Insurance · Product Highlights list R&W, tax, contingent-liability and class-action-settlement insurance; Top Targets list manufacturing, financial institutions, technology, real estate, energy, healthcare and retail, lines 6–27. The target list is for the transactional-liability portfolio, not exclusive R&W eligibility. · accessed 2026-09-28

  3. 03
    Transactional Liability Overview

    Berkshire Hathaway Specialty Insurance · PDF pp.1–2: R&W, tax, contingent-liability, and class-action-settlement products; portfolio-wide primary/excess and up-to-$25m capacity; premiums/retentions vary by transaction/risk; portfolio appetite and in-house claims group; R&W buyer-use descriptions; dated 2025-05-16-A. Product-specific limits and final terms not stated. Source version: 2025-05-16-A. · accessed 2026-09-28

  4. 04
    Transaction liability insurance | Representation and indemnities insurance

    CFC · What are representations and warranties?; Who should buy representation and warranty insurance?; Available to buyers & sellers; Limited seller security; Is transaction liability insurance available to sellers · accessed 2026-09-16

  5. 05
    Transactional Risk Insurance

    Coverdash · Transactional risk insurance; representations and warranties coverage; buy-side policies; tax and contingent liability products · accessed 2026-09-16

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