It’s simple: Standard insurance policies are not designed to address the needs of high net worth individuals and families. Million-dollar homes have customized, expensive features to replace should there be a loss. A family may own a fleet of vehicles or a sports car whose value, if damaged in an accident, is significant. Many families also hire domestic help or sit on boards of directors that come with unique risks. Some have a passion for collectibles like fine art, jewelry, antique cars, and wine that require additional coverage.
Following are just some of the coverages we provide to our high net worth clientele:
- High Value Homeowners, which includes Replacement Cost coverage and the option to include Extended Replacement Cost or Cash Settlement in the event of a loss
- Auto insurance with high liability limits, Agreed Value coverage and other key options available
- Collector Car insurance with no depreciation and no deductible
- Specialized Collectibles coverage for fine art, jewelry, antiques, wine and other high-asset valuables
- Personal Umbrella insurance with high limits (up to $100 million) to protect your assets
- Directors & Officers Liability insurance to protect your liability as a board member of a non-profit for the actions or inactions of the organization you serve
- Employment Practices Liability insurance to respond to certain claims brought against you by domestic employees, including allegations of wrongful termination, discrimination and sexual harassment
- Cyber insurance to protect against cyber extortion, ransomware, online fraud, and personal data exposure
- Workers’ Compensation insurance for domestic help should a staff member get hurt on the job
- Vacation Homes, Secondary Residences, or Rental Property insurance for your getaway home and income-generating properties
- Watercraft/Yacht coverage including Liability and Workers’ Compensation coverage for hired captain and crew
- Aviation insurance that covers physical damage to the aircraft and liability for bodily injury or property damage arising from an accident, among other coverages
- Primary and Excess Flood insurance with available enhancements including coverage for personal property in a basement, lawns, trees, shrubs and plants, pool repair and refill, and other structures
- Earthquake coverage– flexible solutions that offer options such as Agreed Value coverage deductibles from 5% to 25% of the dwelling value, and generous coverage for additional living expenses
- Life insurance to protect your loved ones, fund a nest egg, or enhance your charitable giving
- Disability insurance for extra income protection in the event of an illness or accident
