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Business insurance
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 cover required to mitigate risk 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, and mergers and acquisitions including:
- insolvency practitioners
- banks
- financiers
- accountants
- members of RITANZ, the professional body for insolvency practitioners in New Zealand
- 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 this market segment. Our brokers work closely with insolvency practitioners to identify exposures. Then we recommend solutions to avoid, manage, minimise risk, and arrange cover in the following areas:
- Broad automatic cover facility for insolvency appointments
- Trade on professional indemnity, employers and statutory liability, with multi-year extended reporting options
- Due diligence reports - risk reviews and pre-appointment cover analysis, advice and contract reviews
- Insolvency practitioners and turnaround professionals’ professional indemnity
- 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 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.