Browse these articles discussing the importance of proper risk management strategies for HNW individuals and solutions for reducing exposure to these unique risk exposures.
Third-Party Injuries: Contractor Liabilities Imposed upon HNW
Unbeknownst to many, insurance is, actually, not the starting point for managing HNW exposures. Contractual Risk-Transfer, one component of a strategically smart HNW Risk Control Plan, is where effective protection begins. Establishing a proper written agreement (even if brief and simple) is the foundation upon which we control risk and govern third-party relationships.
By Ken Golsan, Co-Founder & CEO
Vicarious Liability, Nuclear Verdicts & the Impact to HNW Families
The Wall Street Journal recently published an article highlighting the rising trend of social “class warfare” driving “nuclear” verdicts — defined as exceptionally large jury awards exceeding $10,000,000 – against not just America’s corporate community but high-net-worth individuals and families. Aggressive litigation tactics, media coverage, and societal shifts combine to spur some juries to “send a message” to wealthy defendants.
By Ken Golsan, Co-Founder & CEO and Craig Cartmill, Dir. of GS Private Client
As Natural Disasters Strike, Advisors Put Focus On Tax Relief
Author Jeff Stimpson interviewed Craig Cartmill about the difficult underwriting environment for HNW individuals and how proper risk identification will help reduce financial exposure when disasters strike.