Skip to main content

au.io.insure

Search

Welcome to

Congratulations on joining the io.insure platform for a small business M&A insurance policy (Mio policy).

Before you proceed, please read the following information.

Mio is an insurance solution for a Buyer or Seller involved in an acquisition or a disposal of their business.

What does the insurance cover?

The Mio policy covers the risks arising for a Buyer or a Seller as a result of the business sale or acquisition (Covered Risks). The Mio policy is triggered where there has been a financial loss suffered as a result of any one of the Covered Risks not being true. Covered Risks are similar to the types of risks typically found in representations and warranties in a Sale Agreement.

Who can be named insured?

The named insured under the io.insure policy can be the Seller or the Buyer of a business, or other interested parties, including a new company, special purpose vehicle, or a guarantor.

Before you proceed, you will need:

  1. To appoint a professional advisor to assist you with this process eg insurance broker, solicitor, accountant, or consultant. If you don’t have an advisor, we will assist you by making a referral.
  2. A draft Sale Agreement between the Buyer and the Seller in relation to the business sale.
  3. An estimate of the purchase price and an estimate of the preferred sum insured.

Next Steps:We will ask you for information about the transaction and about the target business. There will be a suite of questions on the io.insure platform that must be answered to assist the underwriters in assessing the risk and offering a tailored Mio insurance solution to you.

Process