Posts by gendelman
How to Stop a Frivolous Lawsuit From Sinking Your Business
What would happen if you were sued? Now, you might say there’s no reason for someone to sue you. And while there might not be a legitimate reason, business owners are sued all the time. Just because a lawsuit is unfounded doesn’t mean you won’t find yourself in the middle of one. What’s more, lawsuits can be…
Read MoreLeave room for the firetruck: Insurers help design mansions to tame disaster losses
NEW YORK (Reuters) – Bruce Gendelman wanted a mountainside retreat when he bought 12 acres in Aspen, Colorado. But forest fires that have torched nearby land in recent years left him concerned. So Gendelman, who runs an insurance brokerage, tapped into a program that American International Group Inc offers to help design luxury properties in…
Read MoreEvery Business Owner Needs A Good Personal Umbrella Policy
Most people have insurance on their houses and their cars. The wealthy also insure their other types of properties such as boats and planes. The issue for many people from the most affluent to those with much less is do they have enough coverage considering their level of personal wealth. For the most part the…
Read More7 Ways to Prevent High Net Worth Flood and Fire Losses
High net worth homes are increasingly being built in disaster-prone areas. Based on conversations with executives for PURE, Baldwin Krystyn Sherman Partners, AIG’s Private Client Group, Vault, Collector Systems, LLC, and Bruce Gendelman Insurance Services, here are 7 sensible tips brokers can share for preventing fire and flood losses on high net worth properties. Increasingly, high net worth homes…
Read MoreThe Importance Of Personal Umbrella Policies
What will happen if you or your child causes a car accident resulting in serious injuries and death of others? How would you pay for the treatment of someone who hurts himself or herself in your home and claims negligence? What happens when they claim to have greatly suffered because of the injury? What if…
Read MoreFilling the P&C Insurance Gap
Wealth managers should consider adding a property and casualty insurance specialist to their consulting teams. By Joseph Weiss It’s standard practice for wealth managers to seek help from accountants and attorneys to meet the needs of their high-net-worth client. But it may be time for advisors to consider using another outside expert: a property…
Read MoreMisunderstood Liabilty
Many wealth individuals are underinsured because they mistakenly believe it will make them less vulnerable in liability cases. By Joseph Weiss “Liability” — The responsibility for injury, death or damages to another — is a word that sends chills down people’s spines. Anyone who owns a home, drives a vehicle, operate a business or…
Read MoreHidden Risks
Property and casualty insurance is often neglected by wealth managers and their clients. By Joseph Weiss A wealth manager is like an orchestra conductor. While he does not play each instrument required for a symphony, he knows how to bring them all together to produce a beautiful piece of music. Similarly, advisors need to…
Read MoreWhy You Need Family Office Liability Insurance
“Why is family office liability insurance a worthy option?” by Bruce Gendelman, JD, Chairman, and Joseph Gendelman, President and CEO When a family office is created to manage investments, trusts, household staff, property, legal matters, philanthropic ventures, succession planning and more, the “corporation” itself and the staff take on huge liabilities. Like all directors, officers…
Read MoreFamily Offices Protecting Clients Against Risk
“How can family offices protect their clients against risk?” By Bruce Gendelman, JD, Chairman, and Joseph Gendelman, President and CEO Insuring a family (or collection of multi-generational families) that has a need for significant asset protection is a task that is especially challenging. It is also a task which for 30 years has been the…
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