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Insolvency insurance
Mitigate financial risks with insolvency and turnaround cover
Insolvency and turnaround insurance is for the restructuring, turnaround, and insolvency sectors.
Insolvency practitioners operate in a fast-moving, high-pressure environment. When you’re responsible for a business that owes money to creditors, it’s important to have robust insurance protection in place to safeguard the assets under your control.
Our brokers focus on risk analysis and advice for insolvency practitioners, banks, and accountants involved in the sector. With a strong understanding of insolvency-related risks, we can help deliver tailored insurance cover to help mitigate exposures.
Who we work with
Our brokers provide insurance advice and expertise to insolvency practitioners working with companies in receivership, liquidation or administration. We support clients working in all areas of distressed accounts, mergers and acquisitions, including:
- insolvency practitioners
- banks
- financiers
- accountants
- members of RITANZ, the professional body for New Zealand insolvency practitioners
- turnaround managers working in all areas of distressed accounts.
Insurance solutions for the insolvency and turnaround sector
We have developed extensive and bespoke solutions to support the unique risks our clients have in the insolvency sector. Our brokers work closely with insolvency practitioners to identify exposures. We then recommend solutions to avoid, manage, and minimise risk.
We arrange insolvency cover in the following areas:
- Broad automatic cover facility for insolvency appointments
- Trade on professional indemnity, employer's liability and statutory liability, with multi-year extended reporting options
- Due diligence reports — risk reviews and pre-appointment cover analysis, advice and contract reviews
- Professional indemnity cover for insolvency practitioners and turnaround professionals
- Mergers and acquisitions support, including transaction solutions such as warranty and indemnity insurance
RiskCover
RiskCover is our broadest automatic cover solution for formal insolvency appointments. This facility is provided by Gallagher in combination with our partners at QBE and syndicates at Lloyds of London.
Lodge an appointment and request RiskCover
Insolvency practitioner appointment notification form to be completed for initial notification of new insolvency appointments.
Mortgagee In Possession (MIP), Distressed Mortgagor, Innocent Mortgagee appointment notification form
Mortgagee In Possession (MIP), Distressed Mortgagor, Innocent Mortgagee appointment notification form to be completed for initial notification of new MIP, Distressed Mortgagor or Innocent Mortgagee appointments
Need help with insolvency and turnaround insurance?
Our brokers are here to provide insolvency practitioners with a range of cost-effective professional services and risk cover that works for your unique situation. Contact us for advice on insolvency risk cover and professional indemnity solutions.