Frank Crystal & Company Launches Online Liability Tool

Innovative Online Tool Determines Appropriate Amount of Excess Liability for Individuals

NEW YORK--(BUSINESS WIRE)-- National insurance brokerage firm, Frank Crystal & Company, today announced the launch of its online excess liability quiz, www.whatsmyliability.com. The first of its kind, this tool allows individuals and their financial advisors to assess their risk exposures and make an informed decision regarding their excess liability coverage.

“Financial advisors and wealth managers are constantly coming to us with questions regarding liability,” says Jonathan Crystal, executive vice president of Frank Crystal & Company. “This tool is an innovative approach to a common problem.”

Affluent individuals often don’t know how much liability insurance they need, and up until now there has been no way to quantify it. Too often decisions are determined based upon one’s net worth, however net worth is only one of the many factors that need to be taken into consideration.

The risk factor quiz guides users through a series of 15 questions all designed to determine each user’s individual risk. After answering all of the questions users are instantly presented with their suggested number, up to $100 million. The answer depends upon each family’s unique profile, financial position, lifestyle and the risk of exposure associated with their family.

“Liability insurance is a probability game, there is no right answer but this tool creates the framework needed to formulate an appropriate amount of coverage," says Paul Funk, executive managing director of Frank Crystal & Company.

About Frank Crystal & Company

Founded in 1933, Frank Crystal & Company is one of the largest privately held insurance brokerage firms in the United States. Headquartered in New York City, the company has more than 400 employees and regional offices in Miami, Houston, Palm Beach, Philadelphia, Portland, San Francisco, Southampton, and Washington, DC. As the alternative in insurance brokerage, Frank Crystal provides industry-leading insurance services, solutions, and counsel to corporations as well as individuals. The company provides a highly consultative approach, leveraging its insurance advisory, claims management, risk control engineering, and administrative expertise to the benefit of its clients. For more information, please visit: www.frankcrystal.com.