Do you have a cleaner? Own a dog? Are you active on Twitter? Serve as a non-profit trustee?
As you accumulate wealth and standing in your community, your personal liability risks may not be covered by your Homeowners’ Insurance – we strongly recommend an “Umbrella” or Excess Liability policy to provide an extra umbrella of coverage where property and auto insurance ‘max out’. It only takes a cleaner, nanny or dog walker to slip on a path – and no amount of goodwill will compensate a debilitating injury. Excess Liability Insurance is a critical but often overlooked component of a personal insurance portfolio.
Busy people are increasingly employing domestic staff - cleaners, gardeners, nannies - to simplify their lives. Employing staff and hosting public events bring liabilities: what if someone were injured or had belongings damaged on your property?
Everywhere you look, there are liabilities:
You don't have to be a millionaire to be sued like one. An Excess Liability policy from a quality insurer provides a number of important coverages - bodily injury, property damage, even libel or slander. It also protects against legal suits for damages, even if the suit is groundless, false or fraudulent.
According to the CDC (Center for Disease Control), an estimated 4.7 million Americans are bitten by a dog each year. Many standard homeowner policies exclude coverage for certain breeds of dogs. A heads-up for dog-owners!
Personal Liability covers you for injury or damage you may cause to people or property anywhere in the world (eg: your golf ball strikes and injures somebody, or you injure somebody whilst jet-skiing).
Owners' Liability covers you for injury to people whilst on your property (eg: a member of the public falls over at an event - perhaps a charity day, or whilst your gardens are opened to the public).
Workers' Compensation covers you for injury caused to cleaners, gardeners, forestry workers, nannies and other domestic staff.
Download: La Playa Private Client Brochure
Charles McDowell, Owner/Founder, Charles McDowell Properties
You can call us to talk more about your business on +1 646 665 7737
La Playa's Personal Risk Concierge service means advice you can trust - from an expert who understands you:
As an independent broker, we can advise on the best policies available - and on risk management measures including valuations, security, fire prevention and property marking - preserving the value of your property and giving you complete peace of mind. We have access to excellent terms with high net worth insurers including Chubb, Hiscox and Hartford.
What does “Boutique Service” actually mean?
La Playa’s Personal Risk Concierge means:
No call centres
No ‘hold’ music
No hidden fees
*subject to availability with our insurer panel