What Are the Key Differences Between Corgi and HUB International Representations and Warranties Insurance?
Startup Specialty Quote vs Dedicated M&A Brokers
Corgi lists R&W among its specialized coverages with a 1 to 14 day turnaround, outside the instant quotes it uses for core startup policies. HUB brokers R&W through its mergers-and-acquisitions transactional-risk practice, where a broker negotiates coverage for your specific deal. Choose Corgi if you are a startup already insured there and doing a small acquisition; choose HUB if you are negotiating a larger deal and want a broker to use R&W to reduce escrow or win an auction. [3] [7]
Less Escrow and Stronger Bids vs a One-Line Description
HUB says R&W protects a buyer when a seller’s guarantees in the sale agreement turn out untrue, and can reduce or eliminate escrow and make bids more competitive. That means sellers get more cash at closing and buyers can offer cleaner terms. Corgi describes the cover only as protection from financial loss due to breaches in a purchase agreement, with nothing on escrow or bidding. [7] [5]
Tax and Litigation Cover Alongside vs R&W Alone
HUB also places litigation-buyout insurance for pending lawsuits a seller faces, and tax indemnification insurance for the tax treatment of past, pending or future transactions. Corgi lists neither. Neither names the insurer for R&W. [7] [4]
What Should You Confirm in Corgi and HUB International Representations and Warranties Insurance Quotes?
- Ask both which insurer issues the policy. [7] [4]
- Ask each how much escrow or holdback the policy lets you drop. [7]
- If the target has pending litigation or tax exposure, ask HUB to quote litigation-buyout or tax indemnity. [7]
- Check Corgi’s 1 to 14 day timing against your signing date, and get limit and retention from both. [3] [7]