Private Client Services is a dedicated, highly-specialized group of advisors on staff at Conrey Insurance Brokers and Risk Managers whom cater to the needs of high-net-worth individuals, meaning individuals/families with a net worth in excess of $5 Million. Further, we have the appointments with the insurers who specialize in the proper protection of the affluent.
This is no small matter, the unique challenges, exposures and needs of the affluent truly cannot be adequately provided by the standard coverage forms found with most personal lines offerings in the marketplace. We spent much effort arranging access to the best risk takers in the high net-worth insurance space, and now we stand ready to assist, evaluate, and protect the current and growing assets of the affluent.
Countless times we have found competitors vesting coverage in the name of the individual, when the property is held in trust, or as an asset of a partnership or an LLC or corporation – this is a huge concern. If you have a trust, an LLC or a partnership – any other entity that owns property for tax purposes or estate planning purposes, it is imperative that the first named insured be that entity – not you as an individual. Exceptions exist, but they are rare; if you find yourself looking at a policy in your name when the owner is another entity, call us – we can quickly evaluate the protection and form to determine if it has been vested properly. Many insurers lack the ability to properly name an entity, jerry-rigging the vesting to make a sale but exposing the unnamed entity to uninsured consequences, all without the insured understanding what they do and don’t have.
If you have an scenario you’d like an objective review of, just give us a call – we are here to help and you will come away with more knowledge on an important subject matter – your insurance protection.