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Managing the risks of high-net-worth clients' global travels

When wealthy people take a trip abroad, their jewelry, designer clothing, artwork, nannies and even their automobiles travel along.

By Kathleen Tierney | Updated on June 18, 2015

When the world’s your home, people and their things are constantly on the move. With houses spread across the United States and various European, Asia Pacific or Latin American hot spots, and pastimes that range from art auctions to car racing, high-net-worth individuals are often jetting from here to there, their pricey valuables in tow.

These multinational excursions foster a unique range of travel-related risks. For instance, it is not unusual for more adventurous wanderers to travel to exotic locales on vacation, where the medical facilities may be substandard—a dire problem if the traveler is injured or becomes ill. 

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