Mio™ is a brand new tech-enabled global product that redefines SME M&A insurance – bringing efficiency, flexibility and value to an otherwise underserved market.
Mio™ combines unrivalled M&A insurance expertise with the data and technology of our online marketplace to drive new SME business for our broker and insurer partners, and a better insurance experience for their customers.
Traditional M&A insurance products aren’t tailored to SMEs, can be time consuming to obtain and cost prohibitive, or just aren’t available on small to mid-sized transactions – often leaving clients under-protected or without cover at all.
As entrepreneurs with decades of experience in building businesses, we’ve felt that pain ourselves.
That’s why we’ve created Mio™ as the first online insurance solution for SME M&A deals that’s making it easier for insurers and brokers to serve a far wider range of customers in the SME segment.
That’s why we’ve built new technology specifically for this M&A vertical, and why Fusion and io.insure have partnered to deliver Mio™ and other specialist products to SME customers via ioPartners.
That’s why we’re inviting brokers, advisors and insurers to join us as ioPartners in the exciting growth of Mio™ and the io.insure marketplace – all working together in partnership to develop a new M&A insurance ecosystem.
Mio™ is an easy-to-access online product developed specifically for the SME business owner or buyer contemplating a sale or acquisition of a business.
The Mio™ policy protects the capital of the SME Buyer and Seller, reduces uncertainty, and enables them both to focus on getting their deal done.
Mio’s™ streamlined M&A insurance solution is offered via a standardised and automated workflow provided by io.insure, the world’s first online M&A insurance marketplace.
Leveraging Fusion’s specialist M&A underwriting expertise and io.insure’s unique combination of InsurTech, LegalTech and M&A tech in partnership with trusted insurers, Mio’s™ online process delivers fast turnaround times and peace of mind.
A standalone Mio™policy can be underwritten and offered in just two to three days, compared to two to three weeks for traditional policies.
Using a Seller Digital Disclosure Form (“2DF”) for Mio™ Seller Policies, or a Buyer Digital Due Diligence Form (“3DF”) for Buyer Policies, the digital experience seamlessly delivers a suite of “Covered Risks” that effectively transfer the risks arising in small-and mid-market-sized transactions.
Mio’s™ coverage is defined in its unique suite of “Covered Risks” which offer protection to a Buyer or a Seller for all the key categories of risks arising from the sale or acquisition.
Most importantly, the “Covered Risks” are standalone cover under the Mio™ Policy: they do not require a set of representations or warranty statements in the Sale Agreement to effect a transfer of risk.
The fixed excess varies depending on the sum insured and purchase price and is provided in the Quote Pack. There is no minimum claims amount.
A policy will provide protection for 5 years from the Completion Date for all Covered Risks
The flexibility of Mio™ and its innovative technology allows the policyholder to tailor the most appropriate structure for their transaction requirements.
The following are two examples of options for incorporating Mio™ into a transaction:
In a global partnership with Fusion Specialty Insurance, Mio™ products are available on io.insure, the world’s first online M&A insurance marketplace. To access Mio™, Brokers, Advisors and their clients become ioPartners.
Mio™ is a straightforward, digitalized four-stage workflow, which delivers cover in a far shorter timeframe compared to traditional M&A insurance: