Representations and warranties insurance

{
  "id": "MLC-T-INS-002897",
  "term": "Representations and warranties insurance",
  "field": "Insurance and risk management",
  "definition": "A specialized insurance product that covers financial losses arising from breaches of representations and warranties made by a seller in a merger or acquisition agreement. It protects either the buyer or the seller from unexpected liabilities related to the accuracy of statements about the target company. This insurance can provide coverage for a period extending beyond the contractual indemnification period.",
  "url": "https://mlchart.com/terminology/insurance/representations-and-warranties-insurance/"
}