Willis provides specialist insurance risk management advice to the insolvency profession on a global basis. The nature of insolvency appointments and the potential legal liability of the insolvency practitioner requires insurance coverage from the date of the appointment. Willis offers schemes providing the insolvency practitioner with automatic cover from the moment of his appointment without prior notification.
Willis also provides products which address legal requirements in particular territories, such as the provision of fidelity bonding for the insolvency profession. In the United Kingdom, this is provided through an insurance company which uniquely uses any underwriting profits for the benefit of creditors and the profession generally. Similarly, in Australia, Willis has bespoke products to address the Health and Safety requirements for that particular territory.
The wide range of expertise available across the Willis Group generally allows us to arrange policies for uncommon risks such as warranties and indemnities and adverse costs insurance as well as the insolvency practitioner's own personal needs such as professional indemnity and general insurances.
For more information on our current products and services including Open Cover Insurance, Bonds, Personal Insolvencies and our Online facility, please click on the brochure links below:
2014 Willis Australasia Insolvency & Reconstruction Capabilities brochure