Wealth Exposed: Insurance Planning for High Net Worth Individuals and Their Advisors
Congratulations on becoming a person of means. Not to rain on your parade, but, while your wealth certainly can make life easier for you and your loved ones, it also can make it much more complicated. That's because real wealth brings exposure to a variety of all-too-real personal and professional liabilities, including many about which you may be completely unaware. Any one of those risks could, at any time, seriously undermine or even destroy all that you have created and rob you and your family of the fortune you've worked so hard to create.You owe it to yourself and your dependents to learn all that you can about those risks and what you can do to insulate yourself against them—before you're struck by a natural or man-made disaster, fall victim to fraud, theft, or other malicious acts, or find yourself at the business end of a lawsuit.Written by a risk management and insurance expert with many years of experience advising high net worth individuals, this book demystifies the world of risk management. In a series of concise, pithy chapters, author Brian Flood clearly lays out the various categories of risk to which you may be exposed. And he explains the array of insurance solutions created specifically for high net worth individuals.Your wealth risk management checklist and solutions guide, this book provides you with what you need to know about:Property risks, including flood, equipment breakdown, and remodeling/renovations risksHousehold staff risks and liabilitiesInsuring valuables and collectibles, including artwork, wine, jewelry, and moreCar insurance, including antiques, exotic cars, sports cars, and moreBoat and maritime insurancePersonal and family security risks—from cyber attacks to identity theft to kidnappingPersonal and professional liability, including libel and slander lawsuitsInsuring against risks to intellectual assetsPersonal risk management for you and all your family membersRisk management issues for expatriates and those planning to live and work abroadMr. Flood also provides expert advice and guidance on creating a comprehensive risk management strategy and on pulling together a risk management team—including your attorney, financial advisor, accountant, and others—with a specialized insurance broker acting as team leader coordinating everyone's efforts.ReadWealth Exposedand find out what you need to know to protect your assets from risk and secure your peace of mind.