FAMILY OFFICE

Experience

 

  • We offer independent and objective advice to high net worth clients on their personal risk management and insurance matters. The majority of our work for high net worth clients is working for Single Family Offices.

  • We often find that our clients’ business and personal lives are so closely intertwined that they need to be evaluated in joint context.

  • Our vast experience with diverse commercial risk portfolios and alternative risk management techniques allows us to better serve the risk protection needs of significant personal estates. For example, we are not limited to recommending "personal" risk solutions: the commercial insurance marketplace may offer more comprehensive and cost-effective solutions for our high net worth clients.

  • Additionally, since we do not sell insurance or derive income from insurance placements, we can also objectively embrace non-insurance risk treatment mechanisms.

Services

We work closely with high net worth individuals and/or their legal representatives or family office managers to determine their unique needs. Commonly provided services include:

  • Personal risk assessment and exposure analysis

  • Personal and commercial insurance program design, review and coordination

  • Directors and officers liability insurance review, including entities on whose board our clients serve

  • Cyber exposure analysis and cyber insurance review

  • Marine and aviation exposure analysis and insurance review

  • Broker/agent selection  

  • Competitive bidding when appropriate 

  • General program maintenance including asset/exposure tracking and annual policy review

  • Broad contract review and risk/insurance provision negotiation 

  • Family Office risk assessments and review of the office's business insurance packages

We also have deep appreciation of the privacy requirements of our high net worth / family office clients and adhere to a strict standard of confidentiality.

 

Stuart T. Cowart

Family Office Practice Leader

72 River Park St., Suite 201
Needham, MA 02494
Tel: 781-449-2866
Fax: 781-449-5340

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