Family offices can vary from the very simple to the very complex. What is most important to understand is that, no matter what degree of complexity, coverage is available to address the exposures associated with your individual circumstances.
If you have a family office, Sklenar Insurance Services, LLC can help you obtain the coverage you need!
The functions of a family office will often grow as the estate grows. Family offices engage in managing the financial, charitable and even philosophical goals that distinguish families. Activities include providing services to the family, including tax and estate planning; management of foundations, trusts and philanthropy; the coordination of risk management and more. Professional liability, family trust and trustees liability, directors and officers liability, employment practices liability, pension and welfare plan liability, private fund coverage for investment entities coverage, workers compensation and employee benefits are all available.
Even if you simply serve as a trustee of a family trust or you are the executor of a will you can purchase additional coverage to protect yourself. These activities create a vulnerability to lawsuits for mismanagement of funds, personal or bodily injury and property damage. In addition to obtaining coverage for these exposures, you may also obtain coverage that protects you from acts, errors and omissions in your trustee duties.
If you engage in any of the activities listed, it is important that you speak with us so that we can properly address your needs. Sklenar Insurance Services, LLC understands that each family has distinctive goals and practices. We' ll take the time to review these so that we can recommend the proper insurance solutions to protect your family's assets.
~ Call us today at (203) 542-7250 to discuss your insurance needs ~
