Comprehensive Family Office Liability Coverage

Family offices are often complex and can include managing trusts, investments, assets, domestic employees, estate planning, and more. Because the family office operates so many facets of wealth management for affluent individuals, they often face higher risks of lawsuits.

However, many directors, officers, and professionals who oversee family offices may not fully understand the complex risks they face and may not be properly insured or struggle to find the right coverage.

Vault Commercial created Fortress to solve this problem. Fortress is a comprehensive family office liability product tailored to meet the unique needs of both single and multi-family offices in the U.S.

What are the Benefits of Family Office Coverage?

• Protection from detrimental lawsuits and liability
• Reduces the liability risks of the directors and officers of the family office
• Ensures the family office is protected from employee lawsuit claims, such as wrongful termination or discrimination
• Allows the family office to operate their business with confidence and peace of mind

What Type of Risks Can This Coverage Protect You From?

• Error, misrepresentation, neglect, or breach of duty by directors and officers of the family office
• Conflicts of interest
• Mismanagement of funds
• Professional liability claims from clients due to errors, neglect, or inability to perform services
• Protects administered trusts and the trustees who oversee them
• Discrimination, harassment, or other employment practice issues*
• Liability when managing pensions, private funds and investments**
• Services provided on behalf of the family office, such as tax preparation and philanthropic works

*If Employment Practices Liability (EPL) coverage is purchased.
**If Fiduciary Liability coverage is purchased.
Not all products and services may be available in all jurisdictions and the terms and conditions of all products are subject to the applicable policy language.