Family Office

We offer specialized solutions for highly successful individuals and families that may face risks related to their assets and the management of those assets. 

  • Family Office Protection

  • Directors and Officers Liability – Not for Profit boards

  • Employment Practices Liability

  • Workers’ Compensation for Domestic Employees

  • Kidnap and Ransom/International Travel Assistance

The business of managing family office assets is becoming more complex than ever. Baty Worldwide has Family Office Specialists addressing the broad range of exposures and serving the widely varied structures and dynamics of large families. BWW has access to a vast array of global resources that enable us to meet the needs of clients globally and at home. Data, powerful analytics, and customized program and service design, coupled with our broad, global reach give our clients a distinct advantage.

  • Superior Client Service – We create a sophisticated service model based on the needs of each family and family office staff member. Each family client receives a dedicated Client Advisor to serve as the main point of contact. Families and family office managers may benefit from an enhanced service team that could include supporting colleagues in claims and endorsement processing, as well as a senior relationship manager, technical advisor, and/or contract review specialist.

  • Expert Counsel – We deliver a customized personal insurance program built from the knowledge of industry experts. We address the diverse exposures of each family member while considering holdings and levels of risk tolerance.

  • Industry Strength – We foster successful, long‐term relationships with the top insurance companies in the high-net-worth space using the strength of our services and teams. Placing broad risks with competitive rates we deliver outstanding programs that carry optimal terms and a variety of options.  All for our clients.

  • Tailored Protection – Replace Program Advantages with Tailored Protection. We will develop a custom, personal insurance program that will protect family offices from their most critical professional and management liability exposures, including:

  • Professional Liability/Errors and Omissions Liability

  • Trustee Liability

  • Directors and Officers Liability

  • Employment Practices Liability  Fiduciary Liability

  • Private Fund Liability

  • Specialized Expertise – We has direct access specialists in the areas of luxury yachts, fine art, private aviation, directors and officers exposures, as well as resources to address commercial insurance needs.

  • Claims Advocacy – We provide client advocacy and support throughout the claims process while working with insurers on behalf of our clients to obtain a fair and prompt settlement.

To learn more about our family office risk management services, contact a BWW Personal Risk Advisor.

We ensure our Private Clients’ success step-by-step. Annually, we assess our clients’ exposure and reviewing that against their personalized risk spectrum. By doing so, we deliver a concierge-level of service to our high net worth net worth clients.

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. This coverage is 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. 

Fiduciary Liability
In today’s ever-shifting legal environment, employers like a family office are increasingly responsible for the benefits options they offer employees. Under the Employee Retirement Income Security Act of 1974 (ERISA), fiduciaries can be held personally liable for losses to a benefit plan incurred as a result of their alleged errors, omissions, or breaches of their fiduciary duties. 

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 nonprofit organization. 

Employment Practices Liability
This coverage protects the family office from the threat of employee-related litigation, including claims for wrongful termination

Business Owners Coverage
With broad protection for property and liability exposures, a business owner’s policy 
(BOP) serves as the foundation for the family office insurance portfolio.

Cybersecurity Coverage
New and emerging privacy concerns and fast-growing cyber threats present financial challenges to the family office. That’s why we offer award-winning services and access to experts to help make the family office whole again following any cyber incident.

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