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Preserve the asset value - A look at how to preserve insurance assets in a corporate transaction
on May 2, 2016
As written in the May 2016 Smart Business News Magazine
By Keven Drummond Eiber, Attorney, Insurance Recovery practice group, Brouse McDowell, LPA
Liability insurance is an important component of risk management for most businesses, but insurance policies are often overlooked in the sale of a business. Both the current liability policies in place at the time of the transaction, as well as the historical policies issued for prior time periods are valuable assets. Steps should be taken to preserve these assets, whether for the seller if it will remain a viable entity going forward, or the acquiring company.
Smart Business spoke with Keven Drummond Eiber, Attorney at Law, OSBA Certified Specialist — Insurance Coverage Law, at Brouse McDowell, about preserving valuable insurance assets.
Click here to read the rest of the article.
By Keven Drummond Eiber, Attorney, Insurance Recovery practice group, Brouse McDowell, LPA
Liability insurance is an important component of risk management for most businesses, but insurance policies are often overlooked in the sale of a business. Both the current liability policies in place at the time of the transaction, as well as the historical policies issued for prior time periods are valuable assets. Steps should be taken to preserve these assets, whether for the seller if it will remain a viable entity going forward, or the acquiring company.
Smart Business spoke with Keven Drummond Eiber, Attorney at Law, OSBA Certified Specialist — Insurance Coverage Law, at Brouse McDowell, about preserving valuable insurance assets.
Click here to read the rest of the article.
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