Family office insurance and risk management

Willis supports family offices with comprehensive risk management and insurance solutions, helping safeguard wealth and protect families across generations.

At Willis, a WTW business, we understand that managing a family office involves balancing financial strategies with the needs of the families you support. Your focus is on preserving and growing wealth across generations, and your risk management strategy should reflect the same level of foresight and sophistication.

That is why working with Willis makes sense. We're a trusted partner to family offices around the globe, providing comprehensive risk management and insurance solutions that safeguard family assets, respond to emerging risks and support multi-generational goals.

Who we serve: Dedicated support for family offices

This service is specifically tailored for family offices who are responsible for the holistic protection of their family's wealth, assets and legacy. You're navigating an increasingly complex world and you need a partner who not only understands these intricacies but also anticipates future challenges.

The challenge: Protecting what matters most in a volatile world

Family offices face a dynamic landscape of risks, from market volatility and geopolitical uncertainty to rising cyber threats and complex liability exposures. We understand the key challenges you face:

• Rising costs and limited capacity: Many coverages including professional liability, trustee liability, cyber, commercial and home insurance, are experiencing pricing inflation, stricter underwriting and reduced availability
• Complex underwriting: Securing comprehensive coverage for specialized risks requires detailed submissions and underwriting processes
• Emerging threats: From sophisticated cyber-attacks and financial crimes to the increasing frequency of catastrophic weather events and liability claims, new risks constantly emerge, demanding proactive planning
• Fragmented solutions: Working with multiple providers can lead to gaps in coverage and inefficient management
• Preserving wealth: The goal is to ensure your family's wealth is protected and can continue to support long-term objectives without unexpected disruptions

Our solution: A holistic and proactive risk management partnership

We don't just place insurance; we build a coordinated, comprehensive asset protection program that reflects your family's personal and financial goals. Our approach is rooted in a deep understanding of the family office environment.

• Comprehensive risk analysis: We begin with a thorough review of your exposures, supported by in-depth discussions and policy analysis to fully understand your risk profile and priorities
• Customized program design: Using our assessment, we develop a risk management program that may include tailored family office insurance solutions to efficiently transfer risk and ensure maximum protection
• Strategic implementation and transition: We develop a structured transition plan, that considers your family structure, current insurers and specific requirements. Our methodical process ensures a smooth, effective rollout
• Ongoing advocacy and review: Our commitment extends beyond placement. We conduct annual reviews well in advance of renewals, ensuring your program remains optimal as your needs evolve

Success story spotlight

The challenge

A multi-generational family office faced escalating cyber threats and complex international property exposures, leading to fragmented coverage and rising premiums.

Willis’ solution

Our client advocate team conducted a holistic risk assessment, consolidating their global portfolio and leveraging our market relationships to secure a comprehensive, cost-effective family office insurance program. We also implemented advanced cyber risk mitigation strategies.

The outcome

The family office achieved significant premium savings, enhanced coverage across all assets and gained peace of mind through a unified, proactive family office risk management strategy.

Frequently asked questions