PII, Bonding and Insurance Considerations

The personal nature of insolvency appointments brings with it the spectre of potential personal liability for insolvency practitioners if things go wrong. IPs can protect against these risk via a number of ever-evolving insurance products, some of which are mandated by the terms of their licences whilst others are optional. In some instances, firms will elect to self-insure.

It is a vital component of being in business to be alive to the financial risks to which you may be exposed,  how these may change if you move firm or retire and how you can mitigate these. In this workshop we will look at the current requirements of the regulators, consider whether these afford you sufficient personal protection and discuss strategies for ensuring you are adequately protected.

• Consider the adequacy of the current bonding regime and how you may be exposed
• Understand the differing PII requirements of the principal regulators and consider the extent of the protection these afford
• Examine frequently occurring sources of risk encountered by insolvency practitioners and how these might be mitigated
• Discuss the implications of moving firm or retiring from practice
• Look at how your practice structure impacts on the risks you face

This course is intended for insolvency practitioners, those considering obtaining their insolvency licence or setting up in practice and personnel engaged in the implementation of compliance processes.

Half day course: £155 + VAT

Bespoke In-House

We can also run this training in-house for your team. This cost-effective option for larger practices. Contact us to discuss available dates.

Cost: Half day course: £975 + VAT