Hauser Insurance Group is an Ohio-based privately held insurance company. Since its establishment in 1971, it has ensured that it provides diversified insurance solutions and risk management services to organizations and employees. The insurance company targets companies of different sizes, specifically private equity firms, multinational corporations, family-owned companies, and publicly traded retail entities. Some of the services it guarantees these corporations include insurance and employee benefits, transactional support, risk management, and insurance brokerage. Not forgetting, the insurance company offers consultation services, recommending ideal products for clients that request its services.
One of the areas in which Hauser Insurance has shown its expertise is tax liability insurance. It is a product preferred by many companies that execute multifaceted transactions. This is due to the risk associated with such transactions like tax exposure and indemnities. However, with well-crafted tax liability insurance, a business can successfully close its transactions. Therefore, Hauser Insurance explains the below benefits of the insurance tax liability.
Tax liability can be supplemental to a warranty, indemnity insurance, or representation. However, the way these insurances are treated vary. For instance, an indemnity insurance policy would exclude all known risks from its coverage. But for the tax liability insurance, these risks are included in its scope. Therefore, a client can use tax liability insurance to cover instances where indemnity insurance won’t cover.
Also, a client can use tax liability insurance to cover the loss of items. The policy can cover the loss of things such as taxes, tax penalties, and related tax interests. Also, it can be used to cover the gross-up amount. When the insured’s taxes owed increase, the policy can be used to protect the insured. Also, the policy can be used as a final adjudication concept. Here, the policyholder won’t have the right to proceed with insurance unless the court adjudicates related tax assessments.
Original source to learn more: https://www.zoominfo.com/c/hauser-insurance-agency/353495369