Prospective Coverage
Providing Risk Transfer for Known, Threatened or Existing Litigation
Prospective coverage is a bespoke policy that allows companies to transfer the risk of potential, known or threatened liabilities to a third-party carrier in exchange for a one-time fixed premium.
Stage of Litigation
Prospective coverage is leveraged when potential litigation is identified during the due diligence phase of a corporate transaction or during a general review of a company’s business operations.
How It Works
The policy provides certainty for businesses which are concerned about a potential litigation risk by providing coverage should the identified risk materialize.
Key Benefits
By transferring the risk of potential litigation, Prospective Coverage helps companies avoid costly escrow deposits for potential damages, facilitates M&A and financing transactions by ring-fencing the litigation risk and helps companies get back to their core business.
Next Steps
To arrange a confidential consultation, discuss your specific needs, or learn more about how we can meet your financial and business objectives, please email us, call us at (214) 570-3661 or click the Contact Us button on this page. We look forward to helping you solve any financial and legal uncertainty arising from existing or threatened litigation.
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