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Family Office Benchmarking Series: Liability

Liabilities

Personal Excess Liability

With multimillion-dollar lawsuits becoming more common than ever, wealthy individuals, families, and family offices may see themselves as targets for expensive litigation. Families surveyed have recognized this trend, and 100% have personal excess liability coverage in place.

Marsh PCS clients responding to the survey said they believe their largest liability exposures are:

97% General personal liability related to domestic property

41% Personal injury risks

27% Domestic employer liability

15% Cyber liability including social media

12% Professional liability


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