Insurance in Insolvency

Insolvency involves risk. By its very nature, insolvency can be contentious and in a risk filled environment, we must protect ourselves and the assets over which we are appointed. As insolvency practitioners, we manage or mitigate that risk, and commonly we insure against it.

This course looks at the various types of insurance that we require to put in place on appointment, the roles of the broker and insurer; getting the right cover level; making a claim and how to deal with uninsured losses.

• Statutory framework requiring insurance
• Activity Cover: bond; fidelity insurance; professional indemnity insurance
• Asset cover: open cover; asset insurance
• Role of insured, broker and insurer and overview of legislation governing insurance contract
• Pre-appointment insurance – what you need to know and do
• Making a claim
• How to deal with uninsured losses and understanding your risk

This course is aimed at licenced Insolvency Practitioners and their staff, who are looking for a comprehensive introduction or update to their approach to insolvency insurance.