Family Offices dedicated to managing the wealth of extremely high-net-worth families rely on the commitment and expertise of financial professionals who understand the unique requirements of exceptionally wealthy clients.

Because of our history of meeting the insurance needs of individuals and families of wealth, Higger & Associates, LLC is well-positioned to support Family Offices in the delivery of trustworthy advice to highly valued clients. And, like you, we deliver our information and advice quickly, clearly and discreetly.

Whether your Family Office serves a single client or a number of exceptionally wealthy families, Higger & Associates' comprehensive insurance products and services can be applied to protect the financial interests and intentions of families who have accumulated substantial assets. Operating as an independent advisor, we offer our subjective review of risk, our broad industry experience, and our extensive product knowledge, all aimed at delivering viable insurance and risk-management alternatives, ensuring the long-term security of our clients, and yours.

Our firm  also provides insurance products and solutions specifically designed for Family Offices and relationship managers, covering the often-overlooked professional exposure unique to Family Offices.

Below is a summary of some of the insurance products and services Higger & Associates, LLC provides to meet the needs of high-net-worth families. Please contact us if you have any questions related to our Family Office insurance services. We are confident that we can provide your Family Office with custom solutions, custom designed to protect your clients’ interests and assets, provide peace of mind, and help ensure that the families served will continue to enjoy the benefits of their success for generations to come.

1        Personal and excess liability coverage: Probably the single most important component of an insurance program for clients with extremely high levels of asset value. Adequate liability limits will provide protection for unforeseen or unavoidable events associated with accident and negligence claims. Indeed, accidents happen, and when they do, high levels of coverage are needed to pay for court-awarded damages, as well as legal fees.

2        Custom and Multiple Homes: Coverage for primary and secondary residences, vacation homes, condominiums, co-operative apartments, and rental units. Higger & Associates, LLC can secure coverage for U.S. and overseas properties, eliminating the need for a Family Office to employ foreign insurance brokers.

3        Fine arts, antiques, jewelry, collectibles, furs, and other valuable possessions: Whether valuables are kept at home, in a storage facility, or in a bank vault, Higger & Associates, LLC offers insurance solutions to meet each client's unique needs. We also secure coverage for valuables in transit, and on consignment or exhibit, and provide advice on how to protect collections through proper care and storage.

4        Automobile's and Collector's Vehicles: Insurance protection is available through Higger & Associates, LLC for luxury cars used for daily transportation, as well as for a hobbyist's classic car collection.

5        Watercraft, Yachts and Aircraft: From small personal watercraft (such as jet skis) to ocean-worthy yachts, Higger & Associates, LLC has the capability to provide superior insurance protection for your clients' vessels via our strategic partners, both domestically and abroad.

6        Additional coverages: Higger & Associates, LLC can address other exposures specific to high-net-worth families with insurance products that cover kidnapping and ransom, special events, animal mortality, and director's and officer's liability.

7        Family Office Coverage: The exposures of a Family Office and its relationship managers are, in some ways, more straightforward than the insurance needs of its clients. Nevertheless mitigating these risks still requires up-to-date professional advice and proper levels of protection. Higger & Associates, LLC can arrange appropriate coverage for Family Offices in the areas of:

• Property and general liability;
• Professional liability (used when outside attorneys, accountants, or other professionals give bad advice);
• Director's and officer's insurance;
• Trust and trustee liability;
• Employment practices liability;
• Pension and welfare liability;
• Private fund coverage for investment entities.

We invite you to contact Higger & Associates, LLC to learn how relying on our expertise can enhance your overall service delivery.