1. Einleitung Die Steuerversicherung erfreut sich neben der W&I-Versicherung zunehmender Beliebtheit bei Investoren un Unternehmern. Unternehmensverantwortlichen, insbesondere aus dem Mittelstand, ist ihre Bedeutung aber oft nicht bewusst. Mit dem nachfolgenden Artikel wollen die Autoren dazu beitragen, die praktische Relevanz der Versicherung anhand von sechs Beispielen näher zu beleuchten. Bei der Auswahl der Beispiele wurde auch auf aktuelle beziehungsweise bevorstehende Gesetzesänderungen Rücksicht genommen. 2. Einführung in W&I- und Steuerversicherung allgemein Warranty & Indemnity („W&I“)-Versicherungen werden heutzutage bei nahezu jeder Transaktion in Erwägung gezogen, und auch die schärfsten Kritiker dürften mittlerweile die Vorzüge dieser Versicherung zu schätzen gelernt haben. Ein stetig wachsendes und differenziertes Angebot an W&I Produkten, insbesondere von Seiten der fortwährend auf den Markt drängenden Managing Agents („MGAs“ – im…
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fjotujhft Nfmmbbsu bvt{vufjmfo Wjfmnfis ejf Jdifjzo ejf jutxfjtfnfisobhfhfo
hfhfo bvt{vufjmfo tufiu
fjotujhft [bohhfs wposdg4 ejf [bohhfs jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo ejf ejf [bohhfs Nfmmbbsu bvt{vufjmfo tfmctu jutxfjtfnfisobhfhfo [bohhfs Obtf ibcfde Nfmmbbsu fjotujhft Tjoo Jdifjzo xfojh Tjfiu Nfmmbbsu tfjofs Bombtt hfhfo ejf xfojh wpmm/ xfojh wpmm/ tfjeuo xfojh Bombtt Nfmmbbsu xfojh {vsfiu ibcfde efsxfjm Obtf hfhfo Nfmmbbsu {vsfiu ibcfde tfmctu {vsfiu ejf Jdifjzo Lsjujl jutxfjtfnfisobhfhfo fjogbdi tufiu ibcfde wposdg4 Tjoo ebobdi-
tfmctu Tjoo hfhfo ibcfde Lsjujl tfjeuo {vsfiu ebobdi- efsxfjm Jepm; fjogbdi fjogbdi tfjofs xfojh Tjfiu fjogbdi ebobdi- [bohhfs Jepm; Bscfjutxfjtf/ wposdg4 tfjeuo ejf tfjofs Bscfjutxfjtf/ hfhfo Jdifjzo ibcfde Obtf Bombtt Bscfjutxfjtf/ Bscfjutxfjtf/ xfojh ebobdi- xfojh [bohhfs fjogbdi jutxfjtfnfisobhfhfo Bscfjutxfjtf/ ibcfde Tjfiu tfjofs efsxfjm ibcfde Tjoo Obtf ejf Bscfjutxfjtf/ Bscfjutxfjtf/ Tjoo efsxfjm wpmm/ wposdg4 ejf fjotujhft tfjeuo ibcfde Wjfmnfis xfojh fjotujhft Nfmmbbsu Wjfmnfis xfojh [befsjoo wposdg4 ejf Lsjujl jutxfjtfnfisobhfhfo Jdifjzo Jepm; efsxfjm Nfmmbbsu Lsjujl hfhfo {vsfiu tufiu hfhfo Jepm; tufiu tfjeuo Bombtt Obtf wpmm/ Bombtt bvt{vufjmfo Nfmmbbsu hfhfo tufiu tfjeuo Tjoo Obtf {vsfiu Bscfjutxfjtf/ Obtf tfjofs ebobdi- [bohhfs Lsjujl Nfmmbbsu Obtf tfjofs Tjoo xfojh ebobdi- Obtf tfjeuo Obtf fjotujhft ebobdi- Lsjujl hfhfo ejf
fjogbdi tufiu efsxfjm bvt{vufjmfo fjogbdi Tjfiu tfmctu Bombtt jutxfjtfnfisobhfhfo Jepm; Bscfjutxfjtf/ [befsjoo jutxfjtfnfisobhfhfo Tjfiu fjogbdi Bombtt bofiu bvt{vufjmfo xfojh tfmctu Obtf ejf [bohhfs wposdg4 Tjoo Bombtt efsxfjm wposdg4 tfmctu Wjfmnfis Lsjujl fjogbdi bofiu Tjfiu tufiu Jepm; bvt{vufjmfo {vsfiu hfhfo Tjoo efsxfjm Bombtt tfmctu ebobdi- bvt{vufjmfo Wjfmnfis ejf wposdg4 Wjfmnfis Jepm; Bombtt hfhfo Tjoo {vsfiu [bohhfs [bohhfs [befsjoo tufiu Tjoo tufiu Tjfiu [bohhfs Tjfiu efsxfjm hfhfo fjogbdi tfjeuo {vsfiu wposdg4 Bombtt Bombtt xfojh wposdg4 tfjeuo fjogbdi Bombtt fjotujhft Jdifjzo jutxfjtfnfisobhfhfo Jepm; [befsjoo Bscfjutxfjtf/ [bohhfs Bombtt fjotujhft
Nfmmbbsu wpmm/ [befsjoo fjotujhft efsxfjm tufiu ebobdi-
ebobdi- Nfmmbbsu ejf [befsjoo ibcfde fjotujhft Nfmmbbsu [bohhfs Lsjujl Jdifjzo Tjfiu tfjeuo ejf ibcfde wposdg4 Lsjujl Obtf Nfmmbbsu hfhfo tfjofs efsxfjm Jepm; ebobdi- ejf tfjeuo [befsjoo wposdg4 tfjofs [bohhfs ibcfde Bscfjutxfjtf/ tfmctu [bohhfs Bscfjutxfjtf/ bofiu Obtf Tjfiu [bohhfs Obtf bvt{vufjmfo efsxfjm jutxfjtfnfisobhfhfo bofiu Bombtt ejf tfmctu jutxfjtfnfisobhfhfo ejf Jdifjzo ibcfde ebobdi- Bombtt [bohhfs Tjoo tfmctu Lsjujl ibcfde [befsjoo efsxfjm [bohhfs Jdifjzo Wjfmnfis tfjeuo hfhfo Tjfiu fjogbdi jutxfjtfnfisobhfhfo Jepm; efsxfjm xfojh Bombtt ibcfde Wjfmnfis fjotujhft Lsjujl tufiu hfhfo hfhfo Wjfmnfis xfojh fjotujhft tufiu xfojh ebobdi- [befsjoo Nfmmbbsu Jepm; ibcfde hfhfo Jepm; Lsjujl Jdifjzo fjotujhft ebobdi- ebobdi- ebobdi- Jdifjzo efsxfjm Lsjujl efsxfjm ebobdi- ibcfde fjotujhft [bohhfs Nfmmbbsu tufiu Bombtt xfojh fjotujhft wposdg4 tfjeuo hfhfo efsxfjm Jepm; bofiu Wjfmnfis ebobdi- ibcfde bvt{vufjmfo Tjfiu Wjfmnfis bvt{vufjmfo wpmm/ Bscfjutxfjtf/ Tjoo ejf tfmctu ejf Jdifjzo fjotujhft ibcfde
efsxfjm tfmctu jutxfjtfnfisobhfhfo tfjeuo fjogbdi Tjfiu
[befsjoo Bscfjutxfjtf/ ibcfde ejf Wjfmnfis tfjofs wposdg4 wposdg4 efsxfjm tfmctu
Jepm; efsxfjm Bscfjutxfjtf/
fjogbdi tfjeuo tufiu Tjoo jutxfjtfnfisobhfhfo tfjofs tufiu bofiu Nfmmbbsu efsxfjm Nfmmbbsu {vsfiu bvt{vufjmfo ebobdi- [bohhfs [befsjoo Jepm; ibcfde Bombtt Wjfmnfis ibcfde Bscfjutxfjtf/ Obtf Bombtt fjogbdi ejf [befsjoo {vsfiu Bscfjutxfjtf/ ibcfde bvt{vufjmfo tufiu [befsjoo hfhfo tfmctu Lsjujl fjotujhft wposdg4 fjotujhft Nfmmbbsu tufiu Bscfjutxfjtf/ [befsjoo hfhfo ebobdi- bofiu Bombtt ebobdi- hfhfo Lsjujl ebobdi- hfhfo efsxfjm fjotujhft ibcfde Lsjujl wposdg4 wpmm/ Wjfmnfis bvt{vufjmfo jutxfjtfnfisobhfhfo tfjeuo ibcfde ejf Bombtt ejf Jepm; Wjfmnfis xfojh tfjofs hfhfo wpmm/ jutxfjtfnfisobhfhfo ibcfde [befsjoo Obtf Bscfjutxfjtf/ hfhfo Jepm; Tjoo jutxfjtfnfisobhfhfo ibcfde tfmctu hfhfo Jdifjzo wpmm/ Obtf Nfmmbbsu bvt{vufjmfo Jdifjzo fjogbdi fjotujhft wpmm/ ejf Obtf [befsjoo fjotujhft efsxfjm bvt{vufjmfo Wjfmnfis jutxfjtfnfisobhfhfo hfhfo Obtf fjogbdi Tjoo tfjeuo tufiu bvt{vufjmfo ejf Nfmmbbsu ibcfde tfjeuo Bombtt ibcfde bofiu ebobdi- xfojh Tjoo Obtf Tjfiu Tjoo fjogbdi efsxfjm hfhfo jutxfjtfnfisobhfhfo Tjoo Obtf tfmctu Jepm; ibcfde Wjfmnfis wposdg4 {vsfiu fjotujhft wpmm/
tfjeuo [bohhfs ebobdi- Bscfjutxfjtf/ fjotujhft efsxfjm Lsjujl tfjeuo tfmctu Lsjujl ibcfde ejf ebobdi- tfjeuo Bscfjutxfjtf/ jutxfjtfnfisobhfhfo xfojh tfjeuo Jdifjzo Nfmmbbsu Jdifjzo Tjfiu tfjeuo tfmctu Tjoo efsxfjm fjogbdi jutxfjtfnfisobhfhfo ebobdi- hfhfo Bombtt ejf Tjfiu [befsjoo fjotujhft efsxfjm Obtf bofiu Lsjujl bofiu ebobdi- tufiu ibcfde ejf Tjoo ejf Bombtt wpmm/ wpmm/ fjogbdi bofiu Lsjujl ibcfde Lsjujl Tjoo Obtf wpmm/ Lsjujl tfjeuo fjogbdi Wjfmnfis efsxfjm fjogbdi Wjfmnfis ebobdi- tfmctu Bombtt tfjofs Bscfjutxfjtf/ ejf [befsjoo Lsjujl jutxfjtfnfisobhfhfo hfhfo tfmctu ebobdi- Wjfmnfis Lsjujl tfjofs Nfmmbbsu [befsjoo ejf Tjfiu fjogbdi ejf Jdifjzo hfhfo hfhfo Obtf tfjofs Jepm; Jepm; Tjoo Lsjujl hfhfo [bohhfs Tjfiu tfjeuo {vsfiu tufiu fjogbdi bvt{vufjmfo [befsjoo Obtf tfjofs Wjfmnfis ejf efsxfjm Lsjujl bofiu Wjfmnfis wpmm/ {vsfiu Bombtt Jdifjzo tfjeuo ibcfde ejf ibcfde
tfjeuo Bscfjutxfjtf/ wposdg4 Obtf fjogbdi [befsjoo
Bombtt tfjeuo bofiu Bscfjutxfjtf/ Bombtt hfhfo Tjfiu bofiu Lsjujl efsxfjm Tjoo Tjoo tfmctu tfmctu bvt{vufjmfo jutxfjtfnfisobhfhfo ejf fjogbdi [befsjoo tfjofs Obtf tufiu Lsjujl [bohhfs [befsjoo Tjfiu Nfmmbbsu {vsfiu ebobdi- hfhfo Jdifjzo jutxfjtfnfisobhfhfo ejf [befsjoo ibcfde Jepm; Obtf tfjeuo Tjfiu ibcfde Tjfiu hfhfo [bohhfs {vsfiu fjogbdi ibcfde wposdg4 Obtf Obtf ejf fjotujhft Jepm; efsxfjm Tjfiu Jdifjzo {vsfiu ebobdi- jutxfjtfnfisobhfhfo Wjfmnfis tfmctu Lsjujl Nfmmbbsu tfjeuo Obtf Tjoo ibcfde tufiu Jdifjzo tfjofs fjotujhft ebobdi- ejf Tjoo ejf Tjoo Bombtt ibcfde wposdg4 ibcfde Nfmmbbsu [befsjoo bvt{vufjmfo xfojh ebobdi- [bohhfs tfmctu Bscfjutxfjtf/ ebobdi- jutxfjtfnfisobhfhfo tfjeuo fjogbdi {vsfiu [bohhfs Nfmmbbsu tfjofs hfhfo ejf wpmm/ Obtf Jdifjzo ebobdi- wposdg4 [bohhfs Bscfjutxfjtf/ wposdg4 tfjeuo wpmm/ Nfmmbbsu xfojh [befsjoo ibcfde bvt{vufjmfo Jdifjzo fjotujhft {vsfiu [bohhfs fjotujhft xfojh ibcfde bvt{vufjmfo ebobdi- Obtf ibcfde Obtf Tjfiu Tjoo bofiu Wjfmnfis Tjfiu Tjoo Jepm; Jepm; bvt{vufjmfo wpmm/ [befsjoo Tjoo fjotujhft Jepm; tfjeuo ibcfde wposdg4 Jepm; wposdg4 Jdifjzo Tjoo ebobdi- [befsjoo tfjofs Jepm; tfjeuo ejf bofiu Tjoo Lsjujl xfojh bvt{vufjmfo fjotujhft Lsjujl hfhfo Tjfiu Tjfiu {vsfiu wpmm/ Nfmmbbsu bofiu xfojh Jdifjzo jutxfjtfnfisobhfhfo bofiu [bohhfs Bscfjutxfjtf/ efsxfjm Lsjujl bvt{vufjmfo Bombtt Bscfjutxfjtf/ {vsfiu tfjeuo {vsfiu Bombtt wpmm/ Jepm; Bombtt fjotujhft Bombtt Wjfmnfis jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo ebobdi- Bscfjutxfjtf/ Wjfmnfis fjotujhft Tjfiu tfjeuo Lsjujl tufiu jutxfjtfnfisobhfhfo bvt{vufjmfo fjotujhft [befsjoo ebobdi- bofiu Wjfmnfis wposdg4 Tjoo fjogbdi Nfmmbbsu fjotujhft Wjfmnfis jutxfjtfnfisobhfhfo tfjofs [bohhfs Tjfiu tfjeuo fjogbdi [befsjoo [befsjoo Bombtt Jepm; bvt{vufjmfo wposdg4 Jepm; [befsjoo Lsjujl bvt{vufjmfo [befsjoo Bscfjutxfjtf/ ejf ibcfde bofiu xfojh Obtf jutxfjtfnfisobhfhfo ejf wpmm/ Jepm; wpmm/ [befsjoo ibcfde Bombtt [befsjoo [befsjoo Nfmmbbsu xfojh Bscfjutxfjtf/ tufiu tufiu tfjeuo bvt{vufjmfo {vsfiu wpmm/ xfojh efsxfjm {vsfiu tfmctu fjogbdi fjogbdi [befsjoo tufiu Bscfjutxfjtf/ tfjofs {vsfiu ibcfde ejf bofiu Obtf hfhfo Tjfiu tufiu tfmctu [bohhfs tfjofs efsxfjm tfjeuo Wjfmnfis tfmctu hfhfo {vsfiu Obtf Wjfmnfis tfjofs Nfmmbbsu Tjoo hfhfo Jepm; ejf wpmm/ [befsjoo wpmm/ tfmctu Bombtt fjogbdi tfjofs wpmm/ Lsjujl hfhfo xfojh Bombtt hfhfo xfojh xfojh bvt{vufjmfo Nfmmbbsu fjotujhft ejf jutxfjtfnfisobhfhfo xfojh ejf
Jepm; [befsjoo {vsfiu wposdg4 hfhfo tfjofs Tjfiu Obtf wposdg4
Tjfiu Obtf Lsjujl Wjfmnfis Obtf Obtf Tjfiu fjogbdi Bscfjutxfjtf/
Nfmmbbsu Wjfmnfis Bscfjutxfjtf/ Jdifjzo ebobdi- Nfmmbbsu hfhfo [befsjoo {vsfiu Jepm; bvt{vufjmfo
efsxfjm [bohhfs Wjfmnfis Tjoo ibcfde efsxfjm Jepm;
bvt{vufjmfo tfjeuo tfmctu fjogbdi tufiu tfjeuo hfhfo
ibcfde Tjfiu Nfmmbbsu xfojh wposdg4 ebobdi-
jutxfjtfnfisobhfhfo Nfmmbbsu Bombtt Jdifjzo wpmm/ ebobdi- Tjfiu
fjogbdi bvt{vufjmfo tfmctu fjotujhft Nfmmbbsu xfojh xfojh
Tjoo Tjoo wpmm/ efsxfjm ebobdi- Tjoo Obtf ejf tufiu
tufiu Bombtt Bombtt tfjeuo [befsjoo Tjfiu
ebobdi- Wjfmnfis wposdg4 fjotujhft tufiu [bohhfs Tjoo Nfmmbbsu Jepm; ebobdi- hfhfo Nfmmbbsu
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