Perhaps no innovation better exemplifies the entrepreneurial spirit of transactional risk insurance than the development and growth of tax insurance. This niche product allows the insured to protect against known tax risks in a variety of areas—S corp status, energy credits, REITS, permanent establishment, estate tax, and independent contractor misclassification, to name a few. What’s more, tax insurance can be utilized in both the deal context as well as a stand-alone product for individual taxpayers. To better understand how to effectively use tax insurance and the current state of the tax insurance market, Bryan and Gena are joined by Michael Saitta, Tax Underwriting Counsel at Liberty Global Transaction Solutions, to discuss:

• How tax insurance is similar to and different from traditional representations and warranties insurance.

• The type of risks that tax insurance can—and cannot—protect against.

• The present state of the tax insurance market.

• The tax insurance underwriting process.

• How tax insurance is priced and other key insurance policy elements such as policy limits and retentions.