By Colleen Woods-Esposito
If you represent wealthy clients such as high net worth individuals (HNWI), family businesses with substantial assets, charities, educational institutions, or financial and trust companies, you are probably aware of the importance of wealth protection and that it is imperative your clients secure the proper amount and type of insurance coverage to provide security and stability to their financial plans.
Esposito Insurance Services specializes in insuring these types of individuals, companies, and institutions, and can provide a full review and recommendation of insurance coverage based on their individual assets, risks, and financial strategies to employ policies to both protect and even help grow wealth and other assets.
Wealthy Clients are More at Risk
Although HNWI and other wealthy clients have more to lose, they often lack the proper insurance coverage to protect their assets. Because HNWI often have more public profiles, they are vulnerable to lawsuits, home and business break-ins, disgruntled employees, harassment, market fluctuations, data breaches, and more threats than are faced by non-HNWIs.
Extra Protection Needed for Wealthy Clients
In addition to the proper personal liability, business, property, and auto policies, these clients should purchase umbrella coverage to provide extra protection over standard policies, high-value life insurance policies to protect their dependents, and worker’s comp policies to cover domestic staff. Life Insurance policies can also be used to protect generational wealth and reduce taxable income.
The agents at Esposito Insurance Group specialize in providing wealth protection for your wealthy clients. Contact us so we can set up a time to review their unique assets and draw up a comprehensive plan to protect them. To begin the process, call or text us at 973-284-1083.
