Schedule
XII
Insurance
PI, PL, EL, D&O, cyber, property and W&I procurement.
- XII.1Obtain schedules for all in-force policies (PI, PL, EL, D&O, cyber, property).Severity B
- XII.2Confirm sums-insured adequacy against current exposures.Severity B
- XII.3Review claims history for the last six years across all classes.Severity B
- XII.4Confirm any policy exclusion or aggregate erosion that affects buyer.Severity A
- XII.5Identify run-off cover requirements for D&O and PI post-completion.Severity B
- XII.6Assess W&I (warranty and indemnity) procurement: typical premium 0.7-1.5% of cover.Severity B
- XII.7Confirm W&I underwriter requirements: clean DD reports, disclosure letter, retention level.Severity BBuy-side
- XII.8Review any specific-risk insurance covering identified diligence findings.Severity C
- XII.9Confirm employer's-liability compulsory insurance certificate currency.Severity B
- XII.10Identify any uninsured historical exposures requiring SPA indemnity.Severity A
Reviewed by Oliver Wakefield-Smith, Founder, Digital SignetLast verified 21 June 2026Schedule XII
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