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Insolvency and turnaround insurance is for the restructuring, turnaround, and insolvency sectors.
Insolvency practitioners operate in a fast-moving, pressured environment. You need to know you can get robust insurance protection for the assets under your control quickly and easily.
Our brokers focus on risk analysis and advice, and have the sector understanding to deliver the unique insurances required to mitigate risk exposures.
Our brokers can provide options on insurance solutions, advice and expertise to insolvency practitioners working with companies in receivership, liquidation or administration.
Our brokers support clients working in all areas of distressed accounts, and further extends into the area of mergers and acquisitions.
At Crombie Lockwood, we have developed extensive and bespoke solutions to support the unique risks our clients have in this market segment.
Our brokers work closely with insolvency practitioners to identify exposures and then we recommend solutions to avoid, manage, minimise risk and arrange unique cover in the following areas:
RiskCover is our broadest automatic cover solution for formal insolvency appointments. This facility is provided by Crombie Lockwood in combination with our partners at QBE and syndicates at Lloyds of London.
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 - to be completed for initial notification of new MIP, Distressed Mortgagor or Innocent Mortgagee appointments
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.