When to Consult with a Private Client Insurance Advisor

For individuals with higher net worth and/ or assets in multiple locations and states, the standard personal lines insurance market is often not equipped to manage these special circumstances. Some larger insurance agents have developed expertise in this area to provide comprehensive market access and servicing technologies to help these assets.

Complex financial protection requires a seasoned expert - someone with extensive knowledge who understands how catastrophic threats may impact individuals, family businesses and family offices. Though traditional insurance is a valuable resource for everyone, individuals with assets that exceed standard insurance carrier limits may face significant financial threats from catastrophic claims that may jeopardize the net worth that they have worked to establish.

Assess and Monitor Risks

When you have uncommon or highvalue assets that exceed a traditional umbrella or excess liability policy, you are exposed to more complex risks. An advisor with a specialty in private client insurance examines the unique exposures you may face and builds the custom plan needed to protect you.

The advisor will have alternative insurance market options and the indepth knowledge of the risk market and ensure the appropriate risk management strategy is in place.

Build a Custom Risk Management and Insurance Program

With the knowledge and understanding of your risks, the advisor creates a custom solution. These solutions may comprise a homeowners' policy for high value, multiple properties and/or coastal properties with the need for wind or hurricane coverage and flood insurance; personal liability protection with limits up to $100 million; collections such as fine arts, jewelry, furs, silver or wine; auto, including high value, collector, classic or antique vehicles, watercraft from jet skis to yachts and aviation.

If you are considering or have established a family office to manage the financial and investment side of your family to grow and transfer wealth across future generations, the advisor will offer solutions including professional liability, directors and officers coverage, employment practices, personal cyber liability protection, workers compensation, among so much more.

Advocacy

During life events that create changes in exposures and the need to update the custom personalized program at any time, the advisor will advise and update all with the utmost confidentiality. Additionally, the advisor is there when you need them most, advocating on your behalf providing guidance throughout the life of a claim.

When you have outgrown an insurance program - one that no longer fits the needs of your lifestyle and family legacy - it's time to consult with a private client insurance advisor.