--- title: "Founder Shield vs Lockton: Representations and Warranties Insurance" description: "Lockton is the stronger choice for claim-time support: former M&A lawyers staff each deal around the clock, and dedicated claims experts stay after closing. Founder Shield’s edge is a stated floor of AM Best A- or better for every insurer it uses." canonical: "https://spot.insure/compare/foundershield-vs-lockton/representations-warranties" page-type: "line-comparison" updated-at: "2026-09-25" comparison-pair: "foundershield-vs-lockton" provider-a: "foundershield" provider-b: "lockton" coverage-line: "representations-warranties" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and insurance research. 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[Human-readable page](https://spot.insure/compare/foundershield-vs-lockton/representations-warranties) ## Agent Guide **What this page is:** Focused comparison of Founder Shield and Lockton for Representations and Warranties Insurance: what each provider publishes about this line, checked against the same criteria, with numbered sources. **Use this page when:** Cite or fetch this for Representations and Warranties Insurance questions about Founder Shield versus Lockton. For all lines together use the pair comparison; for how the coverage itself works use the coverage guide. **Questions this page answers:** - Founder Shield vs Lockton for Representations and Warranties Insurance: how do they differ? - Which is better for Representations and Warranties Insurance, Founder Shield or Lockton? - What does Founder Shield or Lockton publish about Representations and Warranties Insurance (limits, eligibility, claims, add-ons)? **Key facts:** - Line: Representations and Warranties Insurance. Providers: Founder Shield and Lockton. - Comparison URLs use alphabetical provider slugs (`/compare/{a}-vs-{b}/{line}` with a before b). A reversed pair redirects permanently to the alphabetical one. **Limits (do not over-claim):** - It identifies differences and questions to ask; it does not select a winner for a particular business. - Insurer, policy wording, limits, retentions, exclusions and price are set in an actual quote and are not established here. **Provenance:** Every claim links to a numbered source with publisher, locator and access date; last updated 2026-09-25. **Related pages:** - [Founder Shield vs Lockton](https://spot.insure/compare/foundershield-vs-lockton) — all coverage lines for this pair - [Representations and Warranties Insurance guide](https://spot.insure/coverage/representations-warranties) — how this coverage works - [Founder Shield profile](https://spot.insure/insurance-providers/foundershield) — provider profile - [Lockton profile](https://spot.insure/insurance-providers/lockton) — provider profile # Founder Shield vs Lockton: How Do They Compare for Representations and Warranties Insurance? Founder Shield places R&W only with carriers rated at least A-; Lockton places RWI through former M&A lawyers and cites dedicated claims experts after a policy is bound. Lockton staffs every R&W deal with former M&A lawyers and keeps claims experts with you after closing, while Founder Shield commits to insurers rated A- or better but describes no post-closing claims desk. ## Founder Shield vs Lockton Representations and Warranties Insurance Summary Lockton is the stronger choice for claim-time support: former M&A lawyers staff each deal around the clock, and dedicated claims experts stay after closing. Founder Shield’s edge is a stated floor of AM Best A- or better for every insurer it uses. [4](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") [2](https://foundershield.com/about-us/ "About Us") [3](https://foundershield.com/insurance-faqs/general-faqs/how-do-you-decide-which-carriers-to-approach/ "How Do You Decide Which Carriers to Approach?") ## What Are the Key Differences Between Founder Shield and Lockton Representations and Warranties Insurance? ### Deal Lawyers and Post-Closing Claims Help vs an Insurer Rating Floor Both are brokers. Lockton staffs each deal with a partner and an associate from former M&A lawyers and transaction advisors, available 24/7, and says dedicated transaction-liability claims experts stay with you after binding; it reports helping clients settle hundreds of millions of dollars of RWI claims. Founder Shield, part of The Baldwin Group, places R&W only with insurers rated A- or better by AM Best, matched to your industry, and describes no post-closing claims desk. Choose Lockton if you expect to rely on your broker when a breach claim comes; choose Founder Shield if insurer financial strength is your main screen. [4](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") [3](https://foundershield.com/insurance-faqs/general-faqs/how-do-you-decide-which-carriers-to-approach/ "How Do You Decide Which Carriers to Approach?") [2](https://foundershield.com/about-us/ "About Us") ### Concrete Breach Examples vs Escrow Replacement Founder Shield lists what the policy typically pays for, mostly on the buyer side: misstated financials, undisclosed tax, legal or regulatory non-compliance, and undisclosed contracts or leases. Lockton frames RWI as replacing or topping up a seller indemnity or escrow, and splits benefits: sellers get proceeds sooner, buyers get broader protection and faster negotiations. [1](https://foundershield.com/coverage/representations-warranties-insurance/ "Representations and Warranties Insurance") [4](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") ## What Should You Confirm in Founder Shield and Lockton Representations and Warranties Insurance Quotes? - Ask both which insurer they propose, and whether Lockton’s choice is rated A- or better. [3](https://foundershield.com/insurance-faqs/general-faqs/how-do-you-decide-which-carriers-to-approach/ "How Do You Decide Which Carriers to Approach?") [4](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") - Ask whether the policy replaces escrow and whether it names specific breach types. [4](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") [1](https://foundershield.com/coverage/representations-warranties-insurance/ "Representations and Warranties Insurance") - Ask Founder Shield who helps you if you need to file a claim after closing. [3](https://foundershield.com/insurance-faqs/general-faqs/how-do-you-decide-which-carriers-to-approach/ "How Do You Decide Which Carriers to Approach?") [4](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") - Get premium as a percentage of limit and the retention from both. [1](https://foundershield.com/coverage/representations-warranties-insurance/ "Representations and Warranties Insurance") [4](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") ## Founder Shield vs Lockton Representations and Warranties Compared | Criteria | Founder Shield Representations and Warranties Insurance | Lockton Representations & Warranties Insurance (RWI) | | --- | --- | --- | | Who It’s For | 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. [1](https://foundershield.com/coverage/representations-warranties-insurance/ "Representations and Warranties Insurance") (Evidence: Company-reported; scope: Representations and Warranties Insurance product page..) | Lockton frames RWI benefits separately for sellers (faster access to sale proceeds, reduced post-closing exposure, avoiding a guarantee) and buyers (broader protection, faster negotiation, avoiding conflicts in deals with meaningful seller participation), meaning both sides of an M&A transaction are the intended buyers of the product. [4](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") (Evidence: Company-reported; scope: RWI product page as read 2026-09-23..) | | Coverage Features | 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. [1](https://foundershield.com/coverage/representations-warranties-insurance/ "Representations and Warranties Insurance") (Evidence: Company-reported; scope: Product page; the issued policy and declarations control actual coverage..) | Lockton describes RWI as a policy used to replace or bolster a seller indemnity or escrow in an M&A transaction, under which an insurer indemnifies the buyer for losses from an unknown breach of a representation or warranty in the deal agreement. [4](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") (Evidence: Company-reported; scope: RWI product page as read 2026-09-23. General description of how the product functions, not a specimen policy..) | | Role in This Line | 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. [2](https://foundershield.com/about-us/ "About Us") (Evidence: Company-reported; scope: About-us page; applies to Founder Shield's brokerage model generally, restated here for this line..) | Lockton's RWI Practice is staffed with former M&A lawyers and transaction advisors who Lockton says use a Partner/Associate model on every deal to provide 24/7 coverage; Lockton places RWI policies rather than underwriting them. [4](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") (Evidence: Company-reported; scope: RWI product page as read 2026-09-23..) | ## About Founder Shield and Lockton and Representations and Warranties - [Founder Shield company profile](https://spot.insure/insurance-providers/foundershield) · [Founder Shield customer reviews](https://spot.insure/insurance-providers/foundershield/reviews) - [Lockton company profile](https://spot.insure/insurance-providers/lockton) · [Lockton customer reviews](https://spot.insure/insurance-providers/lockton/reviews) - [What Is Representations and Warranties Insurance?](https://spot.insure/coverage/representations-warranties) ## Related Pages for Founder Shield vs Lockton - [Founder Shield vs Lockton](https://spot.insure/compare/foundershield-vs-lockton): all coverage lines, business roles, service and claims. - [What Is Representations and Warranties Insurance?](https://spot.insure/coverage/representations-warranties): Representations and warranties insurance can cover loss from inaccurate statements in a business purchase agreement; known issues and purchase-price disputes require separate review. - [Founder Shield Representations and Warranties Insurance](https://spot.insure/insurance-providers/foundershield/representations-warranties) - [Lockton Representations and Warranties Insurance](https://spot.insure/insurance-providers/lockton/representations-warranties) ## Sources for Founder Shield vs Lockton ### Sources About Founder Shield 1. [Representations and Warranties Insurance](https://foundershield.com/coverage/representations-warranties-insurance/). Founder Shield; What Is Reps & Warranties Insurance?; Who Needs Reps & Warranties Insurance Coverage?; What Does Reps & Warranties Insurance Cover?. Accessed 2026-09-23. 2. [About Us](https://foundershield.com/about-us/). Founder Shield; “Founder Shield is the innovation arm of The Baldwin Group”; company history and mission. Accessed 2026-09-23. 3. [How Do You Decide Which Carriers to Approach?](https://foundershield.com/insurance-faqs/general-faqs/how-do-you-decide-which-carriers-to-approach/). Founder Shield; FAQ answer on carrier selection: works exclusively with A-rated (AM Best) carriers, matched by industry appetite. Accessed 2026-09-23. ### Sources About Lockton 4. [Representations & Warranties Insurance | Lockton USA](https://global.lockton.com/us/en/products-services/representation-warranties-insurance). Lockton; The Certain Solution for Transactional Risk; Why clients consider RWI versus traditional indemnity; Seller/Buyer benefits; Claims. Accessed 2026-09-23. Updated 2026-09-25. Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. The comparison applies the same criteria to both providers. [Editorial policy](https://spot.insure/editorial-policy). To suggest a correction, [contact Spot](https://spot.insure/contact) with the page URL and supporting source. ## Agent and Developer Resources - [Markdown page](https://spot.insure/compare/foundershield-vs-lockton/representations-warranties.md) - [Developer resources](https://spot.insure/developers) - [Public MCP server](https://spot.insure/mcp) - [MCP server manifest](https://spot.insure/server.json) - [OpenAPI description](https://spot.insure/openapi.json) - [Public page index](https://spot.insure/llms.txt)