PCI is a leading private insurer of executives and CEOs, as well as entrepreneurs, entertainers, professional athletes and wealthy clients in many 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 growing and developing your business.
Over the years, we have become an industry leader in designing and offering the most complete, comprehensive and sensible insurance coverage for executives in any type of business. We have an active client list of brilliant executives in many different industries, as well as executives and CEOs of all types.
As an executive, you know how important being insured is and how important it is to protect yourself and your company in the event of illness, injury and against loss in cases of liability. But most busy executives devote a majority of their time to focusing on managing their companies and are often unaware of the fine details of their private insurance coverage. The following true story is a perfect example.
A high-ranking executive at a large publicly traded company suffered damage to his watercraft while in the Bahamas and was unable to deal with coordinating having the yacht towed immediately back to the United States, due to the fact that he had an important meeting that required his attendance.
We were able to intercede in the Bahamas on his behalf and have his boat safely towed back to the United States, while he attended his meeting. The entire process took four days and required extensive planning and coordination between the carrier, tow boat operators and the shipyard. The yacht was situated in a facility that provided 24 hr-a-day webcams, so the client could check on the status of his yacht throughout the repair.
We were able to see all this through for our client at no additional cost to him.
PCI specializes in the exclusive area of high-coverage private insurance for executives and CEOs of large companies and corporations. We are here to make sure you have a complete umbrella of insurance that covers your home(s), vehicles, all of your possessions, as well as covers you against injury, illness and liability.
When we design a policy for you, we will closely examine every detail to make sure you are not over-insured or under-insured, in order to help you stay protected against injury, illness and liability.
Our focus is not only on protecting your overall financial health from any injury and health-related issues, but also to make sure you are completely covered for any type of liability exposure in order to protect your wealth and your future income. We call this wealth preservation and the need for adequate personal lines insurance protection to preserve your assets from loss is paramount.
As a successful executive, chances are good that you have a nice home(s), nice vehicle(s) and employees to handle specific duties such as housekeeping, security and maintenance. Whenever you have vehicles of any type and even just one employee, it is absolutely vital to have adequate liability insurance. If you know you are going to frequently have guests at your home, it is absolutely vital to have adequate liability insurance.
The simple fact that you are a high-income business executive makes you an attractive target for litigation in the event of an injury occurring on your property, or for which you are found liable in any way. What happens if someone on your 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.
Then, for certain executives there is also the unpleasant and dark risk of exposure to kidnapping and extortion plots. Through our premier carriers, we have agents that specialize in protecting you in these situations and bringing about a safe resolution in the event you are a victim of either one of these events.
But, unfortunately these events do happen, especially in the business world. Businesses and executives get sued and threatened all the time and most often for massive amounts of money. One of the most important things for you as a business executive and for us as your insurer, 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, these million-dollar injury and wrongful death lawsuits are almost a way of life. The fact is, if someone gets severely hurt or killed 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 that amount or even triple it. This way, in the event of a catastrophic claim, you will be fully covered and be able to keep your assets.
This is also why it is 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 business executive, or you represent a business executive and you would like to find out more about PCI, or schedule an appointment, call us at 301-245-0130. We look forward to hearing from you.