Reducing Vulnerability to Crime From Those You Trust
High net worth individuals confront exceptional risk challenges because of their relative wealth, lifestyle and public profile. Published research and anecdotal evidence indicate that the affluent are more vulnerable to a range of crimes perpetrated by financial advisers, contractors and domestic employees than average income earners. Such crimes include so-called Ponzi schemes, identity fraud, embezzlement, property theft, kidnapping and ransom, and child molestation, among others
These risks can be reduced through specialized background screening services, conducted by a security firm that specializes in vetting individuals. Nevertheless, no amount of background screening can eliminate all potential loss exposures. While standard insurance policies absorb some of these risks, high net worth individuals are advised to secure broader coverage with higher limits of financial protection. Such specialized insurance programs include the ACE Platinum Portfolio®.
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Swingle, Collins & Associates specializes in insurance coverage for affluent families. The descriptions of coverages listed on this website are brief and subject to the provisions, limitations, and exclusions that can only be expressed in your policy and related endorsements. For additional information of how Swingle, Collins & Associates can assist in meeting your insurance coverage needs please contact your dedicated risk manager to discuss the benefits and services of personal insurance coverage.
The information contained on this page is provided for informational and educational purposes only. It contains general information on insurance issues and may not reflect the most current developments in insurance coverage and is unlikely to apply in all factual scenarios. The information does not include all the terms, coverages, exclusions, limitations or conditions that may be contained in the actual insurance contract language. The policies themselves must be read for those details. Sample policy forms will be made available upon reasonable request.