Employers' Liability Tracing
InSolutions employers' liability tracing can allow businesses to transfer legacy claims to identified historical insurance policies. We help locate historical insurance coverage and develop a historic insurance profile to identify protection that exists for legacy claims to provide certainty around claims transfer and resolution.
We specialise in helping locate historic employers’ liability (EL) coverage. We then create a thorough corporate profile of historical entities associated with the business. We ensure that we highlight the issues and options around legacy EL coverage and rebuild any existing historic insurance profile.
We add value to your business in several areas:
- The reinstatement of valuable lost insurance assets.
- The ability to focus on current business issues through the transfer of legacy claims.
- Future certainty around the protection against burdensome claims and expensive defence costs.
- An understanding of historical business ownership and the ability to redirect legacy claims to third parties or insurance carriers.
InSolutions can provide these services because it can leverage one of the largest broker archives in the London market to identify policy coverage and deliver detailed findings and recommendations. It may not always be possible to locate policies, but for the vast majority of clients, we locate additional insurance coverage.
Detailed research is the only way to discover the information required to find coverage. This research takes on many forms such as researching historic corporate records and archives, and carrying out internal reviews. We also conduct telephone interviews with relevant personnel where required. It is also crucial to identify external sources that may have retained important evidence of insurance, e.g., law firms contacting them, where possible.
You will receive coverage confirmation of our findings in the form of a review of initial research findings. We will also contact insurers to coordinate research for additional documentation. The final report will also highlight any further actions required by the client.
InSolutions sits within Marsh Risk Consulting. Marsh Risk Consulting can help companies in almost any industry or region of the world manage risk more intelligently so they can enhance resiliency, maximise recoveries, and lower their total cost of risk.
To find out how InSolutions can benefit your business, please contact us directly.