Posts by gendelman
Every Business Owner Needs A Good Personal Umbrella Policy
Most people have insurance on their houses and their cars. The wealthy also insure their other types of properties such as boats and planes. The issue for many people from the most affluent to those with much less is do they have enough coverage considering their level of personal wealth. For the most part the…
Read More7 Ways to Prevent High Net Worth Flood and Fire Losses
High net worth homes are increasingly being built in disaster-prone areas. Based on conversations with executives for PURE, Baldwin Krystyn Sherman Partners, AIG’s Private Client Group, Vault, Collector Systems, LLC, and Bruce Gendelman Insurance Services, here are 7 sensible tips brokers can share for preventing fire and flood losses on high net worth properties. Increasingly, high net worth homes…
Read MoreThe Importance Of Personal Umbrella Policies
What will happen if you or your child causes a car accident resulting in serious injuries and death of others? How would you pay for the treatment of someone who hurts himself or herself in your home and claims negligence? What happens when they claim to have greatly suffered because of the injury? What if…
Read MoreFilling the P&C Insurance Gap
Wealth managers should consider adding a property and casualty insurance specialist to their consulting teams. By Joseph Weiss It’s standard practice for wealth managers to seek help from accountants and attorneys to meet the needs of their high-net-worth client. But it may be time for advisors to consider using another outside expert: a property…
Read MoreMisunderstood Liabilty
Many wealth individuals are underinsured because they mistakenly believe it will make them less vulnerable in liability cases. By Joseph Weiss “Liability” — The responsibility for injury, death or damages to another — is a word that sends chills down people’s spines. Anyone who owns a home, drives a vehicle, operate a business or…
Read MoreHidden Risks
Property and casualty insurance is often neglected by wealth managers and their clients. By Joseph Weiss A wealth manager is like an orchestra conductor. While he does not play each instrument required for a symphony, he knows how to bring them all together to produce a beautiful piece of music. Similarly, advisors need to…
Read MoreWhy You Need Family Office Liability Insurance
“Why is family office liability insurance a worthy option?” by Bruce Gendelman, JD, Chairman, and Joseph Gendelman, President and CEO When a family office is created to manage investments, trusts, household staff, property, legal matters, philanthropic ventures, succession planning and more, the “corporation” itself and the staff take on huge liabilities. Like all directors, officers…
Read MoreFamily Offices Protecting Clients Against Risk
“How can family offices protect their clients against risk?” By Bruce Gendelman, JD, Chairman, and Joseph Gendelman, President and CEO Insuring a family (or collection of multi-generational families) that has a need for significant asset protection is a task that is especially challenging. It is also a task which for 30 years has been the…
Read MorePersonal Insurance for Families
“How can I fortify my family’s personal insurance for 2013?” By Bruce Gendelman, JD, Chairman, and Joseph Gendelman, President and CEO The clients we work with today have very different needs from just a few years ago. Changes in the economy, the government, the global landscape and local catastrophes give us a new perspective. We…
Read MoreWhy You Need Group Personal Excess Insurance
“Why is group personal excess insurance an option worth considering?” By Bruce Gendelman, JD, Chairman, and Joseph Gendelman, President and CEO High net worth individuals have the opportunity to protect themselves with a unique approach to personal excess insurance: the group personal excess policy. This policy can safe- guard your assets in the event a…
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