Physical Asset Risk Management for Family Offices
When disaster strikes high-value properties, family offices face a critical challenge. The biggest problem isn't the damage itself. Instead, it's the complex physical asset risk management required. They must prove proper stewardship to insurance carriers. Scattered maintenance records, outdated valuations, and incomplete documentation turn straightforward insurance claims into lengthy disputes that expose principals to significant financial losses. If you're managing insurance policies across multiple high-value properties and diverse asset classes, this scenario keeps you up at night. When you have 15+ different policies with varying renewal cycles and different carriers, gaps become inevitable. How confident are you about vulnerabilities that could devastate your principals' wealth? The Insurance Risk Management Crisis Here's what's happening in most family offices. You're juggling dozens of insurance policies across multiple asset classes. Real estate, art, jewelry, yachts, aircraft, and collectibles each…
