Protecting the wealth and assets for the next generation.

Taking care of your family is important. We specialize in family office insurance in the United States and will help you design a program that will protect the wealth and assets of your family for generations to come.

A Family Risk Management Program For Willis Towers Watson Family Office Clients

What is a Family Risk Management Program?

  • A personal insurance based program designed with each family member’s lifestyle and personal risk exposures in mind, managed within the framework of the family group, most primary coverage’s are written with a single insurance carrier for the family
  • Integration of personal asset protection goals of the family and Family Office
  • Management and ongoing stewardship of renewals, insurance coverage placements, limits, claims, valuations and addressing changes to your risk profile
  • Domestic Employees

Benefits of Family Risk Management:

  • Simplification
  • Concurrent expiration dates
  • Dedicated Private Risk Advisor: your single contact for account servicing and resources
  • Underwriting flexibility with carriers for non-preferred risks and unprotected homes
  • Premium can be negotiated for certain coverage’s(where allowed by law)
  • Younger households and/or households with smaller programs receive the benefit of the reduced rates, VIP services and VIP claims service from underwriters for which they may not typically qualify
  • Other types of coverage usually reserved for very large accounts are made available to all family members. (Worker’s Compensation coverage is an example of this)
  • Homes in Catastrophic Loss areas (coastal) are given priority and capacity is reserved for the family, also, they do not require the non-catastrophic risk to equal the catastrophic, which is usually a strict requirement
  • Home appraisals are conducted by Senior Property Specialists
  • Group programs such as Personal Excess Liability designed for consistency of coverage, limits and rates (younger family members get benefit of higher limits and more attractive pricing)
  • Complimentary VIP services are provided by the insurance carrier

How the process works

  • As each family member is ready to begin the process, they will submit copies of current declarations pages for all personal insurance policies
  • A conference call or personal meeting can be scheduled to review the existing insurance and complete a comprehensive risk analysis interview
  • Broker of Record change can be processed for applicable insurance carriers so that immediate needs can be addressed (ACE/Chubb/ACE, AIG, Travelers, Encompass, Auto Owners, Hartford, Lloyd’s of London, Progressive, and any Flood or Wind carrier, and many others)
  • If not with a Willis Towers Watson approved insurance carrier, a complete remarket of their existing program will be conducted with the insurance carrier that the family has selected.
  • Coverage will be placed with the preferred carrier or the client can stay with existing and recommendations will be facilitated
  • Consultation is complimentary and there is no obligation, 100% family participation is not required

Additional Services

Complimentary services are provided or facilitated by Willis Towers Watson Private Client Group and the selected insurance company and are available to all family members. Examples of these are:

  • Appraisals and infrared inspections of residential properties
  • Assistance with valuations and cataloging of personal property
  • Collections management (Fine Art, Antiques and Collectibles)
  • Risk Mitigation and loss control strategies
  • Claims monitoring and tracking
  • Review of families travel security protocols for both international and domestic travel
  • Background checks for domestic help
  • Wildfire defense and Hurricane recovery services