Our insurance archeologists retrieve and copy accounting, corporate history and sales records at the target company’s facilities. Then, they review documents at off-site insurance archives to reassemble the target company’s historic insurance program. The documents are examined to determine what coverage potential they may provide to protect the acquiring corporation from the pollution or toxic tort claims of the future. An assessment of what insurance assets the acquiring company takes with it from the target company is an essential component of the acquisition process and can make or break a deal where future liabilities are almost certain to emerge.
Having a bank of insurance policies to fall back on makes good business sense. Our ability to search for, locate and assemble the insurance documents required to protect the acquiring corporation from long-tail liability can be worth millions of dollars, and yet is likely the least expensive part of the entire acquisitions process.