--- title: "Heffernan Insurance Brokers vs Lockton: Representations and Warranties Insurance" description: "Heffernan places R&W alongside environmental, tax, contingent and litigation-buyout cover and plans the acquired company's insurance after closing; Lockton's team of former M&A lawyers places RWI with 24/7 deal coverage, and its claims experts say they've helped clients settle hundreds of millions of dollars in RWI claims." canonical: "https://spot.insure/compare/heffernan-vs-lockton/representations-warranties" page-type: "line-comparison" updated-at: "2026-09-25" comparison-pair: "heffernan-vs-lockton" provider-a: "heffernan" 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/heffernan-vs-lockton/representations-warranties) ## Agent Guide **What this page is:** Focused comparison of Heffernan Insurance Brokers 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 Heffernan Insurance Brokers versus Lockton. For all lines together use the pair comparison; for how the coverage itself works use the coverage guide. **Questions this page answers:** - Heffernan Insurance Brokers vs Lockton for Representations and Warranties Insurance: how do they differ? - Which is better for Representations and Warranties Insurance, Heffernan Insurance Brokers or Lockton? - What does Heffernan Insurance Brokers or Lockton publish about Representations and Warranties Insurance (limits, eligibility, claims, add-ons)? **Key facts:** - Line: Representations and Warranties Insurance. Providers: Heffernan Insurance Brokers 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:** - [Heffernan Insurance Brokers vs Lockton](https://spot.insure/compare/heffernan-vs-lockton) — all coverage lines for this pair - [Representations and Warranties Insurance guide](https://spot.insure/coverage/representations-warranties) — how this coverage works - [Heffernan Insurance Brokers profile](https://spot.insure/insurance-providers/heffernan) — provider profile - [Lockton profile](https://spot.insure/insurance-providers/lockton) — provider profile # Heffernan Insurance Brokers vs Lockton: How Do They Compare for Representations and Warranties Insurance? Heffernan Insurance Brokers groups R&W with contingent liability, environmental, tax and litigation-buyout coverage; Lockton staffs its RWI practice with former M&A lawyers and offers dedicated claims experts after binding. Heffernan places R&W alongside environmental, tax and contingent deal cover plus post-close insurance planning, while Lockton's former M&A lawyers place RWI and dedicated claims experts help you collect after closing. ## Heffernan Insurance Brokers vs Lockton Representations and Warranties Insurance Summary Heffernan places R&W alongside environmental, tax, contingent and litigation-buyout cover and plans the acquired company's insurance after closing; Lockton's team of former M&A lawyers places RWI with 24/7 deal coverage, and its claims experts say they've helped clients settle hundreds of millions of dollars in RWI claims. [1](https://www.heffins.com/business-insurance/private-equity-and-ma/ "Private Equity and M&A") [2](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") ## What Are the Key Differences Between Heffernan Insurance Brokers and Lockton Representations and Warranties Insurance? ### Wider Deal-Risk Menu vs Claims Strength After Closing Both are brokers and neither names insurers. Heffernan's Private Equity and M&A practice groups RWI with contingent liability, environmental liability, tax liability and litigation-buyout cover, and adds pre-close due diligence, group purchasing across its private-equity clients and insurance planning for the company after closing. Lockton staffs RWI with former M&A lawyers and transaction advisors on a Partner/Associate model with 24/7 coverage, and keeps dedicated transaction-liability claims experts on your deal after binding; it says it has helped clients settle hundreds of millions of dollars of RWI claims. Choose Heffernan if your deal carries environmental or tax exposure or you're a PE firm wanting ongoing portfolio service; choose Lockton if collecting on a breach claim is your main worry. [1](https://www.heffins.com/business-insurance/private-equity-and-ma/ "Private Equity and M&A") [2](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") ### Escrow Replacement Benefits for Buyers and Sellers Lockton frames RWI as a way to replace or bolster seller indemnity or escrow. For sellers, that means faster access to proceeds and less exposure after closing; for buyers, broader protection and faster negotiation. Heffernan doesn't describe escrow effects, and Lockton's RWI page doesn't list environmental cover. [1](https://www.heffins.com/business-insurance/private-equity-and-ma/ "Private Equity and M&A") [2](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") ## What Should You Confirm in Heffernan Insurance Brokers and Lockton Representations and Warranties Insurance Quotes? - Ask Heffernan whether environmental or tax liability cover is quoted with RWI, and whether post-close planning is included. [1](https://www.heffins.com/business-insurance/private-equity-and-ma/ "Private Equity and M&A") - Ask Lockton how escrow replacement is structured and who your post-bind claims expert will be. [2](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") - If you're on a tight signing timeline, ask Heffernan how quickly its practice responds, compared with Lockton's 24/7 coverage. [1](https://www.heffins.com/business-insurance/private-equity-and-ma/ "Private Equity and M&A") [2](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") - Get limits and the issuing insurer from both quotes. [1](https://www.heffins.com/business-insurance/private-equity-and-ma/ "Private Equity and M&A") [2](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") ## Heffernan Insurance Brokers vs Lockton Representations and Warranties Compared | Criteria | Heffernan Private Equity and M&A Practice — Representation & Warranty Insurance | Lockton Representations & Warranties Insurance (RWI) | | --- | --- | --- | | Who It’s For | Heffernan markets this practice to private equity firms and strategic investors doing mergers and acquisitions, covering both enterprise-level and transactional liability needs. [1](https://www.heffins.com/business-insurance/private-equity-and-ma/ "Private Equity and M&A") (Evidence: Company-reported; scope: Private Equity and M&A page as read on 2026-09-23..) | 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. [2](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 | 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. [1](https://www.heffins.com/business-insurance/private-equity-and-ma/ "Private Equity and M&A") (Evidence: Company-reported; scope: 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..) | 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. [2](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 | 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. [1](https://www.heffins.com/business-insurance/private-equity-and-ma/ "Private Equity and M&A") (Evidence: Company-reported; scope: Private Equity and M&A page as read on 2026-09-23..) | 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. [2](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 Heffernan Insurance Brokers and Lockton - [Heffernan Insurance Brokers company profile](https://spot.insure/insurance-providers/heffernan) · [Heffernan Insurance Brokers customer reviews](https://spot.insure/insurance-providers/heffernan/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 Heffernan Insurance Brokers vs Lockton - [Heffernan Insurance Brokers vs Lockton](https://spot.insure/compare/heffernan-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. - [Heffernan Insurance Brokers Representations and Warranties Insurance](https://spot.insure/insurance-providers/heffernan/representations-warranties) - [Lockton Representations and Warranties Insurance](https://spot.insure/insurance-providers/lockton/representations-warranties) ## Sources for Heffernan Insurance Brokers vs Lockton ### Sources About Heffernan Insurance Brokers 1. [Private Equity and M&A](https://www.heffins.com/business-insurance/private-equity-and-ma/). Heffernan Insurance Brokers; Reps & Warranties Insurance; Heffernan Insurance Brokers (HIB) Private Equity and M&A Practice; Key Merger and Acquisition Insurance Services: Pre-Close Due Diligence, Insurance Placement Hub, Post-Close Insurance Strategies; Transactional Risk Mitigation to Contain Any Threats: RWI, Contingent Liability, Environmental Liability, Tax Liability, Litigation Buyout; Other Related Services: General Partnership Liability (GPL), Professional Liability/E&O, Key person insurance. Accessed 2026-09-23. ### Sources About Lockton 2. [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. 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