Insurable Risks:
Risks that can be insured include:
• Tax-free reorganizations and spin-offs
• Taxable spin-offs
• Availability/utilization of net operating losses
• Tax credits (investment, production, historic, low income, R&D, etc.)
• Tax status (S-corps, REITs)

• 409A and other deferred compensation issues
• State and local tax issues

 Key highlights:
Ethos offers commercial terms and pricing coupled with responsive service.

• Risks located in the U.S. or Canada
• Retentions typically between 1.0% and 2.0% of the transaction value
• Premium typically between 2% and 5% of the total limits purchased
• Policy periods of up to 7 years
• Coverage for loss that includes additional taxes, interest, penalties, contest/defense costs and gross up (income tax on the insurance proceeds)

• Up to $50M in capacity is available
• Secured by a consortium of Syndicates at Lloyd’s of London which currently enjoys an A+ rating from Standard & Poor’s, AA- from Fitch and A from M. Best


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