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An interface is easy to understand. Eraser and blackout options allow to be HIPAA compliant.
What do you dislike?
disappearing buttons from time to time
What problems are you solving with the product? What benefits have you realized?
electronic signature. Go Paperless!
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2021-02-16
Expand Dropdown Warranty Feature
The Expand Dropdown Warranty feature simplifies your warranty options. This tool helps you present warranty information clearly, making it easier for your customers to understand their choices and benefits.
Key Features
User-friendly interface for easy navigation
Customizable options to fit your product needs
Clear presentation of warranty terms and conditions
Quick access to warranty details from product pages
Potential Use Cases and Benefits
Enhance customer experience during the buying process
Reduce confusion over warranty options
Improve customer satisfaction with clear information
Decrease return rates due to better understanding of products
By addressing the common issue of unclear warranty options, this feature helps you build trust with your customers. When they can see all relevant information in one place, they can make informed decisions without hesitation. Ultimately, this leads to confident purchases and increased loyalty.
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What is retention in rep and warranty insurance?
Deductible/Retention This is the amount of loss someone has to suffer before the insurance begins to pay out. In reps and warranties insurance, the deductible is expressed as a percentage of the overall transaction size. Currently, minimum deductibles are at 1%.
How does rep and warranty insurance work?
Reps and warranty insurance is a contract between the buyer (or the seller) and an insurance company whereby the insurance company will indemnify the buyer for loss resulting from a breach of reps and warrants.
What is rep and warranty insurance?
Reps and Warranties Insurance affords a means by which an M&A transaction buyer can recover directly from an insurer for losses arising out from breaches of the seller's representations and warranties in the deal documents.
What does R&W insurance cover?
Representations & warranties (R&W) insurance protects a buyer or seller from financial losses resulting from inaccuracies in the Rows made by the seller or target company in connection with a merger acquisition, divestiture or other business transaction.
What is the difference between a representation and a warranty?
A representation is an assertion as to a fact, true on the date the representation is made, that is given to induce another party to enter into a contract or take some other action. A warranty is a promise of indemnity if the assertion is false. ... If a warranty is not true it is “breached.”
What is a representation in insurance?
Insurance Representations and Warranties (Explained) A representation is a statement made by the proposer to the insurer relating to a proposed risk. Such a representation may pertain to both material and immaterial facts. If material, then the representation must be substantially true.
How much does rep and warranty insurance cost?
Nowadays, in the United States, a price range of 2.5% to 4.0% of the coverage limits is typical. Thus, a reps and warranties insurance policy with a $20 million limit of liability on a moderately complicated deal might cost approximately $650,000.
What is a Neil?
The carrier will typically provide a “non-binding indication letter” (NEIL) outlining the terms of the R&W insurance policy. ... Most policies are bound at signing of the purchase agreement rather than subsequently at closing.
What is representations and warranties insurance?
Representations and warranties insurance is an insurance policy used in mergers and acquisitions to protect against losses arising due to the seller's breach of certain of its representations in the acquisition agreement. ... The policy coverage is typically a dollar amount equal to 10% of the M&A purchase price.
How does representation and warranty insurance work?
Representations and Warranties Insurance in M&A Transactions. ... Under a buy-side representations and warranties insurance (WWI) policy, the buyer in an M&A transaction recovers directly from an insurer for losses arising from certain breaches of the seller's representations and warranties in the acquisition agreement.
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