Our Insolvency team provide a flexible, responsive, and local service to accounting firms and insolvency practitioners across the UK, providing their clients with the protection they need to successfully emerge from administration.
At SRIS, we develop long-lasting relationships built on knowledge, clarity, and openness. We are recognised for our innovative approach, continual product development and intrinsic understanding of the unique requirements of each of our clients.
With our focus on quality, SRIS has developed a reputation among insolvency clients and competitors for providing robust insurance cover complemented by the highest quality service.
We are fortunate enough to have exclusive insurance capacity with MS Amlin on a guaranteed, long-term agreement for both Bonds and Open Cover. The insurance capacity is given on a full delegated authority basis, allowing us to provide quick turnaround times and a flexible and accommodating service to all of our clients.
This, supported by our dedicated team ensures we have the bandwidth, resource, expertise, and capability to become a valuable partner to your business.
WHO IS IT FOR?
- Insolvency Practitioners
- Fixed Charge Receivers
- Law of Property Act (LPA) Receivers
WE’VE GOT YOU COVERED
At SRIS, we provide a complete service to Insolvency Practitioners and Fixed Charge Receivers encompassing:
Many appointments can involve sites where environmental issues can pose problems that have to be managed by Insolvency Practitioners or Receivers.
We can arrange specialist surveys that highlight the issues which require attention. In addition, a wide range of solutions can be made available including facilities management and risk transfer.
After the Event (ATE) Insurance
This is often overlooked but should not be undervalued. An ATE policy will provide indemnity against an opponent’s cost in an unsuccessful litigation. It can also cover disbursements and the premiums required to arrange such a policy. This is particularly useful for Insolvency Practitioners and Receivers in situations where they have a legal claim against a third party but have no means with which to fund such an action.
As part of our overall client service programme, we have designed an extensive training package to assist, train, develop and engage our client’s staff in the insurance provision process which can be tailored to your unique requirements.
Am I able to defer settlement of the insurance premium until the assets have been sold?
Yes, we are able to agree deferred payment arrangements upon request, although in the event of a claim the premium up to the period of the loss will need to be settled before the claim will be paid out.
Do you have a facility to view copy documents and invoices?
Yes, we have a Client Service Portal which provides a document library and the ability to notify us of policy amendments and claims. Please get in touch with your Client Executive or any member of our team to sign-up.