Successful family offices combine financial, philanthropic, legal and administrative operations to help ensure that family objectives are achieved from generation to generation. With these responsibilities comes a range of risks for the family office executives and its professional staff.

Like all directors, officers and professionals, family offices can be sued for any number of issues alleging professional negligence, violation of trust agreements, failure to safeguard assets and mismanagement of investments.

Professional Liability

Family offices may be at risk of being sued over services performed on behalf of the family itself, such as allegations of inadequate services or errors made during a service. Even if a lawsuit is without merit, the impact can be costly. Tailored solutions can be designed to give the business of the family office the protection it and the people who work for the family office need.

Family Trust and Trustee Liability

The coverage insures a family trust for acts committed by a trustee employed by the family office, and it protects the trustees of all trusts administered, sponsored or advised by the family office.

Directors & Officers Liability

We help the family office protect the personal assets of its directors and officers from claims alleging error, misrepresentation, misstatement, omission, neglect, or breach of duty. Coverage is available whether the wrongful act occurred while engaged in family office business or while serving for the family office on the board of a non-profit organisation.

Employment Practices Liability

This coverage protects the family office from the threat of employee-related litigation, including claims for wrongful termination, discrimination, or harassment.

Cybersecurity Coverage

New and emerging privacy concerns and fast-growing cyber threats present financial challenges to the family office.  We can provide access to a panel of experts, from legal and PR advice to IT specialists to help you control, contain and coordinate your response to a cyber incident as well as financial protection from expenses incurred.

Crime Coverage

Fidelity and Crime Policy is designed to protect family offices from the potentially devastating impact of employee and non-employee perpetrated crimes.