Family Office

Multifaceted solutions for multigenerational risk

Family offices enable wealth management and insurance interests to converge, and rightly so. Each discipline directly impacts the other.

Our Family Office practice presents another type of convergence: a single source to oversee the personal insurance needs of the family and the business insurance concerns of the entity.

And with Risk Strategies, policies never overshadow people. Expect discretion, empathy, and the utmost levels of attention from our specialists.

Coverage considerations

Personal property and casualty insurance is not always factored into a family’s financial plan, yet its impact is unmistakable. A carefully maintained art collection can appreciate in value from generation to generation. Conversely, insufficient liability coverage can erode net worth after a single lawsuit.

Through our Family Office practice, you gain access to elite carriers that cater to ultra-high net worth clientele with global footprints. Address the volume and complexity of the family’s insurable assets, along with coverage implications pertaining to:

• Personal property owned via an LLC
• Estate plans
• Transfer of wealth to the next generation

Preservation, mitigation, recovery, resilience

Superior claim service is a given across Risk Strategies, and we set the bar particularly high for our family office clients. Yet when it comes to upholding a family’s legacy, reputational risk can be a more pervasive threat than actual property damage.

We make protection pragmatic, using real-life scenarios to endorse vigilance. Enlist us to advise family members directly or make our expertise an extension of your own. Timely topics include:

• Natural disaster preparedness
• Household staff vetting and training
• Parental liability and social media risk
• Private collection management
• Physical and cyber security

In keeping with the bespoke nature of family office support, we will gladly customize our offerings to align with yours.