Insolvency - Harris Balcombe

A service to Insolvency Practitioners
Turning outstanding
insurance claims
into realisable assets >>
Turning outstanding
insurance claims
into realisable assets

Harris BalcOmBe llP operates on a contingency basis. No fee is charged unless
we are successful in obtaining a payment under the terms of the Insurance policy.
Outstanding insurance
claims pursued on
your behalf
When a company or an individual
becomes insolvent there are frequently
outstanding insurance claims either part
completed or yet to be submitted to insurers.
The Insolvency Practitioner has to decide
whether it is an appropriate use of their time
and expense to attempt to pursue these claims
with insurance companies and their appointed
representatives – the loss adjusters.
The loss adjuster will frequently endeavour
to argue that the claim should be abandoned
because of the insolvency. It is important to
appreciate that the loss adjuster acts for and
is paid by the insurance company.
They have no duty of care to the insured
– or the insured’s creditors.
Loss adjusters are the eyes and ears for the
insurers and will report to them concerning
any issues surrounding the claim, as well as
any potential settlement. Loss adjusters and
loss assessors should not be confused. As loss
assessors, Harris BalcOmBe llP act only in
the interests of the Insolvency Practitioners
and the creditors, NOT the insurance company,
to pursue and negotiate the claim and obtain
the maximum possible settlement under the
terms of the policy.

The UK’s leading
claims specialists
Harris BalcOmBe llP are the United
Kingdom’s leading firm of insurance
claim specialists acting on behalf of the
policy holders. The names Harris and
Balcombe have been synonymous with
the preparation and negotiation of
claims since 1865. We represent many
of the UK’s major companies.
We have broad experience in dealing
with all types of insurance claims resulting
from fire, flood and theft through to
the more complex business interruption,
mechanical breakdown, product recall
and loss of data claims.
The firm has offices throughout the
United Kingdom and representatives
around the world.
First contact
If there are any insurance related
matters which you would like to
discuss with us please do not hesitate
to contact:
Jonathan samuelson Fca
Partner
Harris Balcombe llP
by telephone on 07721 615141
or email at
jonathan.samuelson@harrisbalcombe.com
1
2
3
4
The Benefits
of using
Harris Balcombe
An asset may be capable
of being realised on behalf
of the creditors which may
otherwise simply be
abandoned.
As Harris BalcOmBe llP
operate on a “no win–no fee”
basis there is no downside
risk for the Insolvency
Practitioner.
The claim will be dealt with
by claims professionals
whose skill base will more
than match those put
forward by the insurance
company’s representatives.
No creditor or other party
(including the subject of
the Insolvency) will be able
to criticise the Insolvency
Practitioner for failing to
pursue an asset (the
insurance claim) or for
failing to take appropriate
professional advice.

Contact
assessor House, Daws lane, london NW7 4sT
Tel: 020 8959 4646 Fax: 020 8959 6156
email: jonathan.samuelson@harrisbalcombe.com
Web: www.harrisbalcombe.com
Harris Balcombe LLP is an Appointed Representative of Harris Claims Group Ltd & Balcombe Group Plc
UK Regional Offices in Birmingham, Glasgow, Leeds, Manchester and Worldwide Representation