Martin Larkman
Global Head
Volante Transaction Services
In addition to W&I insurance policies VTS offers tax liability policies on a standalone basis.
Tax liability insurance protects the insured when the tax authority disagrees with a tax position taken by the insured. The policy covers financial loss where the tax authority deems the taxpayer to have a greater tax liability than claimed by it. Tax liability addresses a specific circumstance rather than providing general coverage as per our W&I insurance policies.
There are certain tax liabilities and transactions that fit with the use of tax liability insurance and which VTS would consider which include:
VTS requires tax risks to have an associated tax opinion and would not insure tax liability risks:
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