We take a pro-active approach to asset management working closely with Landlords, Funders, Solicitors and Managing Agents to ensure all interests are protected by securing the widest possible cover for the core asset and revenue stream. In addition, we have more specific expertise in requirements for Fixed Charge Receivers.
At Willis IRM, we work closely with our Clients to assess the risks faced and ensure that the cover in force is not only on the correct basis but ensure that it represents value for money.
Our expertise and knowledge ensure that the rates/premiums passed on to your tenants are lower than the market average and this is the best way of resisting tenants’ premium challenges.
We assist Landlords in meeting their obligations by supplying a correctly drafted Certificate of Insurance, which would include details of Insurer, period and brief description of cover including details of the Sum Insured specific to the tenants’ demise which have been used in calculating the charge.
The current economic climate has seen an increase in the number of unoccupied buildings and is an inescapable factor in the commercial property market. Fires starting in unoccupied buildings are mainly arson related but can also include electrical faults in fixed wiring. In addition, there are increasing trends in the theft of contents, fixtures and fittings, electrical cabling and lead or copper roofing making vacant buildings a key target area for thieves. It is essential that any hazard presented by an unoccupied building is adequately risk assessed and controlled to eliminate, reduce or control it.
Insolvency and Fixed Charge Receivership Cover
Willis Insurance & Risk Management is the Northern Ireland agent for a market leading insolvency product that serves the unique requirements of an Insolvency Practitioner or Fixed Charge Receiver. Backed by a leading Insurer for over 20 years, the facility provides immediate cover from the date of appointment and ensures the obligations of the Receiver are fulfilled.
- Automatic full cover for 30 days from date of appointment
- Competitively priced
- Full cover on vacant properties subject to conditions
- Low excess levels
- No minimum premiums, only pay for what you use
- Accommodating payment options
- Online management information system
- Full claims service
With their knowledge and experience Willis IRM can also source insurance solutions for risks that fall outside the facility ensuring that assets are adequately insured and the rights of all interested parties are protected.
To find out more about our Services please contact our team today on T. +44 (0) 28 9032 9042 or fill out the form below: