With great wealth comes great responsibility…and potential liability.
A recent survey conducted by Chubb Personal Risk Services concluded that many ultra-high-net-worth (UHNW) individuals overpay for protection that still leaves them vulnerable to significant financial loss.
Any asset that can be damaged or destroyed needs to be insured, and when it comes to this affluent demographic, many areas of potential liability are lurking out of plain sight. UHNW families are especially susceptible to having excess assets than aren't fully covered by a standard insurance strategy.
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