PCI is a leading private insurer of high net-worth individuals and families, as well as entertainers, professional athletes, executives, physicians and wealthy clients in other select high-profile professions. We are here to insure your health and your wealth and we take our job as seriously as you take yours.
Over the years, we have become an industry leader in designing and offering the most complete, comprehensive and sensible insurance coverage for wealthy individuals and families in all types of professions. We have an active roster of satisfied clients from many different fields, with numerous celebrities and high-profile entertainers and athletes among them.
Most affluent individuals know how important having full and complete liability insurance coverage is, but most of them spend a majority of their time focusing on their work and are often unaware of the fine details of their insurance coverage.
As a wealthy individual or family, we know you live a very busy, but very glamorous lifestyle and let's face it, talking and worrying about having the proper liability insurance coverage for your employees such as housekeepers, drivers, nannies and gardeners is far from glamorous. This is why it is so important to have an insurer that will always have your best interests at heart and will do the grunt work for you. We will design just the right liability insurance coverage for you and then we will closely monitor your coverage for you, with your input every step of the way.
That is where PCI comes in. We specialize in the exclusive area of high-coverage liability insurance for affluent individuals and families. We are here to make sure you have a complete umbrella of liability insurance that covers your home(s), your property and all of your vehicles, in the event that a domestic employee on your payroll is injured, or worse, while in your home, on your property or in one of your vehicles.
When we design a liability policy, we closely examine every detail of your current coverages to make absolutely sure you are not over-insured, mistakenly charged, and you never pay for any coverages you do not need. We will also make sure that you never pay a dollar more than you have to, in order to stay fully protected against any type of liability claim.
Our focus is not only on protecting your overall financial health from any injury-related loss-of-income issues or financial loss due to property damage or theft, but also to make sure you are completely covered for any type of liability exposure in order to protect your wealth and future income. This is called wealth preservation and the need for adequate liability insurance protection to preserve your assets from loss in the event of a claim is paramount.
Chances are good that you have a luxurious and probably very spacious home or homes, beautiful property and luxury vehicles, which means you most likely have domestic employees to handle specific duties such as housekeeping, drivers, security and maintenance. Whenever you have even just one domestic employee, it is absolutely vital to have adequate liability insurance to cover your assets in the event of the accidental injury or death of one of your domestic employees.
Chances are also good that you enjoy entertaining and will want to have parties and other events at your home with small to large numbers of people attending. If you know you are going to frequently have guests at your home, it is absolutely vital to have adequate liability insurance.
Let's face it, as you are probably well aware, the simple fact that you are wealthy makes you an attractive target for litigation in the event of an injury occurring on your property, even to a loyal and trusted domestic employee. What happens if someone on your nanny, housekeeping, security or maintenance staff is injured or even worse, while on your property? It doesn't matter if it was in the course of their duties as an employee or not, just the simple fact that they were injured on your property opens you up to liability.
Unfortunately these events do happen and when they do, the most important thing for you and for us, is to make sure you are adequately protected. But what does that mean? How much is adequate or enough? It may be more than you think and for good reason.
In today's litigious world, million and multi-dollar injury and wrongful death lawsuits are almost a way of life. The fact is, if your domestic employee is severely hurt or killed on your property or in one of your vehicles and you are found somehow liable, you will most likely be sued for millions of dollars, so you really do need to be heavily covered. We always suggest having more than enough liability insurance to cover the value of your home plus all your assets, plus any legal fees that may arise - then double it, or even better - triple it. This way, in the event of a catastrophic liability claim by a domestic employee, you will be fully covered and be able to keep your assets.
This is also why it is so important to have the best carriers in the business. The last thing you want is a carrier that will not pay out on a legitimate claim. PCI works with only the strongest, most reputable AM Best-rated insurance carriers in the United States. We are extremely selective in our choice of carriers and only work with those that provide first class service and exceptional claims departments.
If you are a high net-worth individual, or you represent a high net-worth individual and you would like to find out more about PCI's liability insurance for domestic employees, or to schedule an appointment to discuss your insurance needs, call us at 301-245-0130. We look forward to hearing from you!