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Unpacking the Complex & Often Misunderstood World of Tail Insurance in the Staffing Industry

October 3, 2024: Martin Borosko, Managing Member and Staffing Practice Leader sat down with the Acrisure team of Kevin Tuner, Vice President and Tony D’Amicantonio, Client Advisor to discuss a very much-misunderstood and critical topic of tail insurance.

Key Takeaways:

  • The risk of tail exposure – i.e. trailing liabilities
  • The gaps that exist between tail exposure and tail coverage.
  • The difference between occurrence and claims made based policies in a transaction.
  • The importance of early diligence into the existing policies of the Seller.
  • The impact of known instances of a potential loss.
  • The utilization of continuing coverage, run-off policies and extension of policies to provide better insulation to Buyers.
  • The influence that structuring a transaction as an equity purchase or an asset purchase has on post-closing tail exposure and insurance coverage.
  • Illustrative case studies.
  • Understanding retro dates, continuity dates, pending and prior dates and how they all have to align for effective post-closing coverage.
  • Considerations for determining the length of tail coverage.
  • Industry specific analysis of tail exposure and availability of tail insurance.

To watch their discussion, follow the link below:

View Recording