Insolvency & Restructuring

The Howden Restructuring and Resolution team are specialist advisers dedicated to providing bespoke solutions to professional service and advisory firms assisting them to manage and transfer risk arising from restructuring assignments, estate management or dispute resolution.

A holistic approach to insolvency practitioners’ risk 

Insolvency, Receivership and Trustees Insurance 

• Unique insurance covers for property and legal liabilities 
• Bespoke Cyber Insurance 
• Environmental Impairment Liability coverage. 

We give you a breadth of protection a standard insurance provision could not.

Health and safety support

We’ll attend all premises on your behalf, in order to make a fair presentation to insurers.

Depending on the trading and occupancy status, this would involve:

• Fire risk assessment (for all places of work, trading or not)
• Health and safety audit and review (when the site is trading)
• Due diligence of any pre-existing insurance programme that the insolvent entity may have had in place

From there we will provide a comprehensive report and detail specific actions required to meet your legal obligations. 

If needs be, we can also approach the insurance market to fill any gaps in cover found during the audit. From there, we distil the insurer presentations, our market analysis and advice into a formal letter of recommendation.

Litigation risk insurance

Buying legal protection insurance covers your opponents’ costs and your solicitor’s disbursements for which you may be liable for as a result of bringing the legal action.

An initial premium is payable upon inception of cover, thereafter the limits of indemnity and premiums are pre-defined and staged.

Why choose Howden?

Competent specialists

Our team of experienced insurance brokers, solicitors and claims managers are qualified to advise upon both legislative and regulatory obligations.

We analyse data to make cost efficient recommendations, presenting comparable key terms and the costs associated to all placements. 

Immediate, broad cover

We can arrange immediate cover for both the assets and liabilities within the appointment, and the required bond. 

Insurance cover is subject to a predefined trading business definition and/or the location of the subject or assets. 

Risk site surveys 

To mitigate risk, we undertake site surveys and formalise recommendations.

Pro-rata daily premiums 

Where appropriate, we can arrange pro-rata daily premiums. This enables us to offer full pro-rata refunds for any period of insurance whereby it ceases mid-term, which alternative insurance placements will not.

Helping you build a claims history 

We are known for our innovation and use a cutting-edge digital platform to help you manage your firms’ risk. 

Our transactional portal is a medium to collate risk, policy and claims data to enable us to build you a claims history, so that you are not treated by insurers as a one-off risk, and good claims performance can be rewarded, over time.  

This portal will enable us to negotiate insurance premium rates based upon client and product risk information with the objective to create greater insurer market competition. Our aim is to assist you in recording and transforming your risk data to enable you to engage in the near future of digital insurance markets.