Founder Shield vs Heffernan Insurance Brokers Representations and Warranties Insurance

Founder Shield is a retail insurance brokerage, described on its site as “the innovation arm of The Baldwin Group,” and places Founder Shield Representations and Warranties Insurance with third-party carriers rather than underwriting the policy itself. ⁷Company-reported. About-us page; applies to Founder Shield's brokerage model generally, restated here for this line.

Heffernan's Private Equity and M&A (HIB) Practice arranges representation and warranty (RWI) insurance for deal buyers and sellers as part of a broader transactional-risk brokerage, rather than underwriting the coverage itself. ¹¹Company-reported. Private Equity and M&A page as read on 2026-09-23.

Founder Shield says it places policies, including Founder Shield Representations and Warranties Insurance, only with carriers rated A- or better by AM Best, chosen for the client's industry. It does not name the issuing insurer for this line; that depends on which carrier the policy is placed with. ³Company-reported. General carrier-selection FAQ, not specific to this line's placements.

Not described in the reviewed sources.

Founder Shield markets R&W insurance to private equity and other financial sponsors, strategic buyers, corporate sellers divesting a business unit, and family-owned businesses being sold. ⁶Company-reported. Representations and Warranties Insurance product page.

Heffernan markets this practice to private equity firms and strategic investors doing mergers and acquisitions, covering both enterprise-level and transactional liability needs. ¹¹Company-reported. Private Equity and M&A page as read on 2026-09-23.

Founder Shield lists financial-statement misstatements, undisclosed tax liabilities, legal or regulatory non-compliance, and undisclosed contracts or leases as the kinds of seller misrepresentations the policy can cover, mostly on the buyer side. ⁶Company-reported. Product page; the issued policy and declarations control actual coverage.

Heffernan says RWI safeguards a buyer and seller's agreed understanding of a deal, and groups it under 'Transactional Risk Mitigation' alongside contingent liability, environmental liability, tax liability, and litigation-buyout coverage. ¹¹Company-reported. Private Equity and M&A page as read on 2026-09-23; the page does not describe RWI's specific insuring agreement, exclusions, retention structure, or limits.

Founder Shield's page does not publish specific limit figures; it says premiums are typically a percentage of the negotiated policy limit, which is set per transaction. ⁶Not publicly disclosed. Representations and Warranties Insurance product page, checked 2026-09-23.

The reviewed page does not publish limits, retention levels, or premium ranges for representation and warranty policies. ¹¹Not publicly disclosed. Private Equity and M&A page as read on 2026-09-23.

Not described in the reviewed sources.

Heffernan describes pre-close due diligence (a detailed review, benchmarking and a search for hidden liabilities), group purchasing across its private-equity clients, and insurance planning for the company after closing. ¹¹Company-reported. Private Equity and M&A page as read on 2026-09-23.

You request Founder Shield Representations and Warranties Insurance through Founder Shield's website or an insurance advisor rather than binding coverage directly; Founder Shield says its placement team then approaches carriers on the client's behalf. ^7,3Company-reported. About-us and carrier-selection pages describe the general placement process, not a line-specific application form.

Heffernan invites private equity and M&A clients to contact the practice directly; the page does not describe a self-service quote or online application path. ¹¹Company-reported. Private Equity and M&A page as read on 2026-09-23.