Our Individual Plan Services

While our client roster is diverse, we specialize in the high net worth personal insurance business, by providing specialty coverage for homeowners, automobile, recreational marine, umbrella liability and valuable collections insurance for individuals and families with emerging and established wealth.

Families with substantial assets often overpay to be underinsured primarily because of failures to adjust personal insurance programs as they build wealth. Faced with the complexity of insurance policy contracts and often reluctant to think about bad things that could happen, these families leave their insurance relatively unchanged year after year. Many families with substantial assets are also vulnerable to significant financial loss. We’ll help you better protect your assets and lifestyle, because we understand your unique needs and have access to multiple carriers. We’ll conduct a thorough personal risk review, to create a customized insurance program that offers more effective protection, often with no significant increase in premium.

Risks tend to grow in number and complexity along with wealth, making each family’s situation unique. As a result, structuring a sound insurance program should begin with a thorough personal risk review. We’ll then build a plan to address risk on a strategic and comprehensive basis. The personal risk review typically covers three topics:

1. Physical and financial assets
What homes, cars, recreational vehicles and watercraft does your family own? Any high-value collections? Reviewing your financial assets is also important. Then we will be able to determine net worth for the purpose of recommending liability coverage limits.

2. Occupation, activities, and family status
Do any of your family members work from home, volunteer on the boards of charitable organizations, manage a family trust, employ domestic staff, travel internationally, or do you plan to renovate or expand your home? Are there particular concerns for family safety? Is a child about to reach driving age?

3.Tolerance for risk and safety habits
Is insurance primarily protection against catastrophic loss, or is it also expected to cover relatively small losses? Are alarm systems and other protective measures in place to reduce the risk of both small and large losses?

Many families we work with find they can strengthen protection against catastrophic losses while holding costs roughly the same, or even cutting premium payments, by taking advantage of easy savings opportunities, some of which they hadn’t even previously considered. As a high net worth family, you could also be overpaying for insurance that leaves you vulnerable to significant financial loss. We’ll help you better protect your assets and lifestyle, because we understand your unique needs and have access to multiple carriers.