Every Trustee in Bankruptcy has a duty to ensure that the assets of the Bankruptcy are adequately insured. This has traditionally been done by arranging separate cover or relying on insurances which are already in place on appointment.

The insurance for the buildings of private dwellings is normally arranged on a reinstatement (i.e. rebuilding cost) basis. A Trustee’s interest in a Bankrupt’s property may, however, only be limited and the Trustee may not want to go to the expense of arranging full reinstatement cover, especially if there is cover already in place.

A Trustee could have their interest noted on any existing insurance and not arrange their own cover. However, this course of action is not without risk. IRS has therefore, developed a cost-effective range of insurance options for Bankruptcies, including Financial Interest cover. We are happy to discuss the options with you to ascertain which suits your business or develop a bespoke option if that is needed.

WHY IRS?

Our people combine over 160 years of insolvency experience

We are recognised as specialists in the UK insolvency market

We provide a personalised service that is tailored to your individual requirements

We can develop bespoke solutions if needed

We are a specialist team who can navigate the hardening insurance market

We have guaranteed, exclusive insurance capacity from leading insurer, MS Amlin

GET IN TOUCH WITH OUR EXPERTS

Talk to our team

0115 908 4999

Request a
call back

SIGN UP TO OUR MAILING LIST