Clifford Chance

Claiming under Warranty & Indemnity Insurance – A practical guide

9 September 2025

Warranty and Indemnity ("W&I") insurance provides insurance cover against loss caused by some (but likely not all) breaches of warranties given by the counterparty/ies in the sale and purchase of a business, or where there would be a claim under an indemnity from the counterparty/ies. Over recent years, W&I Insurance has become increasingly commonplace in M&A transactions.

In this guide we set out some of the key considerations should a potential breach of warranty arise where W&I insurance is in place.

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