Hit enter to search or ESC to close

Corporate insurance

iStock 887882750 professional services1 v4

Insolvency and turnaround insurance

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.

 

Who we work with

Our brokers can provide options on insurance solutions, advice and expertise to insolvency practitioners working with companies in receivership, liquidation or administration.

This includes:

  • insolvency practitioners
  • banks
  • Financiers
  • accountants
  • members of RITANZ, the professional body for insolvency practitioners in New Zealand
  • and turnaround managers working in all areas of distressed accounts.

Our brokers support clients working in all areas of distressed accounts, and further extends into the area of mergers and acquisitions.

Insurance solutions for the insolvency and turnaround sector

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:

  • Broad automatic cover facility for insolvency appointments
  • Directors and officers cover for outside directorships
  • Due diligence reports - risk reviews and pre-appointment cover analysis, advice and contract reviews
  • Employment practices liability
  • Insolvency practitioners and turnaround professionals’ professional indemnity
  • Mergers and acquisitions support including transaction solutions such as warranty and indemnity insurance
  • Statutory liability and defence costs indemnity

RiskCover  

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.

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 

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.