What Are the Key Differences Between Coverdash and Lockton Representations and Warranties Insurance?
Deal Lawyers on Call vs a Panel Quote
Lockton places R&W insurance with a team of former M&A lawyers and transaction advisors, and says its partner-and-associate model covers every deal 24/7. Coverdash arranges quotes from insurers on its panel. Neither writes the policy or names the insurers. Choose Lockton if you want deal lawyers negotiating your policy and support if a claim arises after closing; choose Coverdash if you mainly want competing quotes to replace escrow on a simpler deal. [3] [4]
What R&W Does for Each Side
Coverdash says R&W can reduce or replace escrow and holdbacks, and buy-side policies are more common because the buyer recovers from the insurer. Lockton says RWI replaces or bolsters seller indemnity or escrow. For sellers, it lists faster access to proceeds, less post-closing exposure and no guarantee; for buyers, broader protection, faster negotiation and fewer conflicts with the seller. [3] [4]
Claims After the Policy Binds
Lockton keeps dedicated transaction-liability claims experts on your deal after binding, and says it has helped settle hundreds of millions of dollars of RWI claims. Coverdash doesn't describe a claims team for R&W. [4] [3]
What Should You Confirm in Coverdash and Lockton Representations and Warranties Insurance Quotes?
- Ask both which insurer will issue your policy. [3] [4]
- Ask whether the policy replaces seller indemnity and escrow or sits alongside remaining seller liability. [4] [3]
- Ask Coverdash who helps you file and negotiate a claim after closing. [4]
- Get the named insured, limit and retention in writing. [3] [4]