Family Office

Customized Insurance for Family Offices, Trustees & Financial Firms

Organizations tasked with managing funds for clients, charities and investors have a duty to keep those funds safe. However, unforeseen events, such as fraud, cyberattacks, crime or even lawsuits can undermine your efforts and jeopardize assets.

Family offices, trustees, foundations and other financial institutions need robust insurance coverage to protect their own interests and to protect their clients’ assets.

As specialized risk managers in the private client and family office spaces, the team at Heffernan Insurance Brokers can help firms assess potential exposures, mitigate their own risks and protect their clients’ assets.

We serve:

• Private equity firms
• Foundations
• Financial institutions

Risk Management Assessment

Whether you manage the financial portfolio of one family or multiple families, you know that assets and exposures continuously evolve. Overlooking one detail can inadvertently result in a major loss. You can count on our team to provide expert risk management guidance and a second set of eyes.
We can help you:

• Itemize structures, assets and activities, and the exposures involved with each
• Craft smart insurance and risk management strategies to reduce potential liabilities, shore up limits and close coverage gaps
• Protect your firm while also protecting the assets of every client
• Gain an all-in-one view of your complete risk management portfolio
• Identify consolidation and risk pooling opportunities
• Understand economic, regulatory, environmental and international trends that could impact you and your clients
• Navigate claims

Coverage for Family Offices, Trustees & Financial Firms

Like any firm, companies that are tasked with managing funds should invest in insurance coverage to mitigate financial risks. The following coverage types may be relevant to the needs of your firm:

• Fiduciary liability insurance
• Fidelity / financial institution bond
• Cyber liability insurance
• Crime insurance
• General liability insurance
• Excess liability insurance
• And more…

Coverage for High-Net-Worth Clients

High-net-worth families served by family offices need insurance coverage to protect their assets and perpetuate wealth for future generations. Insurance needs will vary depending on the specific circumstances, and may include:

• Investment property insurance
• Equestrian insurance
• Vineyard insurance
• International coverage
• Coverage specific to the needs of athletes and entertainers
• And more

The stakes are high. High-net-worth families have substantial assets to protect, and insurance gaps can put those assets in jeopardy.
The Private Client Group at Heffernan Insurance Brokers is experienced in this market, with access to a wide range of markets and creative solutions. We welcome the opportunity to serve as your trusted partner – both in protecting your organization and the clients you serve.