Umbrella & Excess Liability Insurance

You can’t always prevent accidents, but you can prepare for them

We’ve seen it time and time again: an off-the-shelf umbrella policy can bring a perilously false sense of security. Risk Strategies is here to help you avoid this common pitfall.

As you grow more successful, your net worth grows along with you. The basic protection that made sense early on may no longer suffice. Should you or your family face legal action, you’ll be personally responsible for settlements or jury awards regardless of what’s in your policy.

Compounding matters is the changing litigation landscape across the United States. Effectively safeguarding the life you’ve created often means anticipating factors outside your control.

Coverage considerations

A smarter approach starts with an accurate assessment of net worth but doesn’t stop there. It also includes evaluating situations that can make you more prone to claims of wrongdoing and litigation.

With a thoughtful conversation, we pinpoint circumstances that increase vulnerability, such as:

• A visible public profile
• Minors in your family, including teenage drivers
• Social media usage
• Hosted events in the home
• Household staff employment
• Board of directors’ participation
• Accidents caused by uninsured or underinsured drivers

This context informs appropriate coverage recommendations, which we reevaluate on a regular basis.

Preservation, mitigation, recovery, resilience

Much like loss mitigation for homes and valuables, readiness is key. Among the proactive steps you can take to reduce the chances of liability claims are:

• Educating kids on the impact of their actions
• Learning to drive defensively
• Providing job descriptions and annual reviews for household staff
• Making timely repairs in and around your home

When incidents can’t be avoided, your Risk Strategies broker will collaborate closely with your chosen carrier to advocate for your interests, maintain discretion, and keep you informed at every step.

Group programs for executives

In addition to advising individuals, Risk Strategies can provide a group personal excess liability policy as an executive benefit. The policy offers employees and their families high personal umbrella limits at a group discount with no underwriting. Risk Strategies can administer enrollment and billing.