Aon insurance brokerage said there has been a 60 percent increase in enquiries for warranty and indemnity insurance.

The firm said that with both private and corporate buyers feeling an economic pinch, the current trend for W&I claims for accounts and tax discrepancies will continue but the number will undoubtedly rise.

Aon said buyers are looking at areas where they can recoup some of the purchase price through a warranty claim, be it over accounts, litigation, employees or stock.

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