Hub International vs Lockton: Representations and Warranties Insurance

HUB International brokers R&W and says it can reduce or eliminate escrow requirements; Lockton places RWI through former M&A lawyers and cites hundreds of millions of dollars of settled RWI claims.

Kearny Risk organizes these comparisons for firms whose advice, content or technology creates professional exposures.Research updated 2026-09-25

What Are the Key Differences Between HUB International and Lockton Representations and Warranties Insurance?

Related Deal Insurance vs a Lawyer-Staffed Deal Team

Both place R&W with insurers rather than underwrite it, and neither names the insurer. HUB’s M&A practice also offers litigation-buyout insurance for a seller’s pending lawsuits and tax-indemnification insurance for the tax treatment of a past, pending or future transaction. Lockton lists no companion products; it staffs each deal with a partner and associate team of former M&A lawyers and transaction advisors, available 24/7. Choose HUB if your deal carries pending litigation or tax exposure you also want insured; choose Lockton if a tight closing timeline needs lawyer-level support. [4] [5]

Escrow and Bidding vs Replacing Seller Indemnity

HUB says R&W protects a buyer if a seller’s contractual guarantees prove untrue and can reduce or eliminate escrow and make your bid more competitive. Lockton describes R&W as replacing or backing up a seller indemnity or escrow, with the insurer paying the buyer for losses from an unknown breach. [4] [5]

Negotiated Coverage vs Claims Support After Binding

HUB sends you to a broker to negotiate deal-specific cover and describes no dedicated R&W claims team. Lockton’s transaction-liability claims experts stay involved after binding, and it says it has helped clients settle hundreds of millions of dollars of R&W claims. If a breach surfaces after closing, Lockton is the one that describes who will help you collect. [4] [5]

What Should You Confirm in HUB International and Lockton Representations and Warranties Insurance Quotes?

  • Ask HUB whether tax indemnification or litigation buyout will be quoted with R&W on your deal. [4]
  • Ask Lockton who will staff your closing week. [5]
  • Ask both whether the quote replaces escrow, and confirm it covers only unknown breaches. [4] [5]
  • Get the insurer and limit from both; neither publishes them. [4] [5]

Areas of coverage

HUB International

  • role: HUB brokers representations and warranties insurance as part of its mergers and acquisitions (transactional risk) practice, rather than underwriting the policy itself. M&A insurance product page as read 2026-09-23; the page does not name an issuing insurer.company-reportedSource ↗
  • coverage: HUB describes representations and warranties insurance as covering the contractual guarantees a seller makes in a sale agreement, protecting a buyer against the guarantees turning out to be untrue, and says it can reduce or eliminate escrow requirements and support more competitive bidding. Product-page description of representations and warranties coverage; the issued policy and its exclusions control an actual claim.company-reportedSource ↗
  • coverage: HUB's M&A practice also offers litigation buyout (contingent risk) insurance for pending litigation a seller faces, and tax indemnification insurance for the tax treatment of a historical, pending or future transaction, alongside representations and warranties coverage. Product-page description of related transactional risk products.company-reportedSource ↗
  • eligibility: The M&A insurance page frames this coverage around buyers and sellers in a business sale but does not publish deal-size thresholds, industries served, or other eligibility criteria. Checked the M&A insurance page on 2026-09-23.not-foundSource ↗
  • insurer: The M&A insurance page does not name an issuing insurer; HUB places representations and warranties coverage with insurers that vary by transaction. Checked the M&A insurance page on 2026-09-23; no carrier is disclosed there.not-foundSource ↗
  • application: HUB directs you to a broker; the page describes negotiating deal-specific coverage rather than a self-serve quote. Product-page call to action as read 2026-09-23.company-reportedSource ↗

Lockton

  • role: Lockton's RWI Practice is staffed with former M&A lawyers and transaction advisors who Lockton says use a Partner/Associate model on every deal to provide 24/7 coverage; Lockton places RWI policies rather than underwriting them. RWI product page as read 2026-09-23.company-reportedSource ↗
  • coverage: Lockton describes RWI as a policy used to replace or bolster a seller indemnity or escrow in an M&A transaction, under which an insurer indemnifies the buyer for losses from an unknown breach of a representation or warranty in the deal agreement. RWI product page as read 2026-09-23. General description of how the product functions, not a specimen policy.company-reportedSource ↗
  • eligibility: Lockton frames RWI benefits separately for sellers (faster access to sale proceeds, reduced post-closing exposure, avoiding a guarantee) and buyers (broader protection, faster negotiation, avoiding conflicts in deals with meaningful seller participation), meaning both sides of an M&A transaction are the intended buyers of the product. RWI product page as read 2026-09-23.company-reportedSource ↗
  • claims: Lockton says it provides dedicated transaction liability claims experts after a policy is bound, and cites having helped clients settle hundreds of millions of dollars of RWI claims to date. RWI product page as read 2026-09-23. Aggregate claims-settlement figure is company-reported and not independently verified.company-reportedSource ↗
  • insurer: The RWI page does not name the insurers underwriting the representations and warranties policies Lockton places. RWI page checked 2026-09-23.not-disclosedSource ↗

HUB places R&W alongside litigation-buyout and tax-indemnity insurance, and says it can cut escrow and make your bid more competitive. Lockton staffs each deal with former M&A lawyers available 24/7, and its claims experts stay involved after binding.

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
    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

  3. 03
    Transactional Risk Insurance

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

  4. 04
    Mergers & Acquisitions (M&A) Insurance Broker

    HUB International · M&A/Transactional Risk Insurance overview; Representations & Warranties Insurance section; Litigation Buyout Insurance section; Tax Indemnification Insurance section; Connect With a Broker · accessed 2026-09-23

  5. 05
    Representations & Warranties Insurance | Lockton USA

    Lockton · The Certain Solution for Transactional Risk; Why clients consider RWI versus traditional indemnity; Seller/Buyer benefits; Claims · accessed 2026-09-23

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