Dedicated Private Client Services

Specialised High Net Worth Insurance Brokers

Why is there are growing need for specilised High net worth insurance cover in Ireland? High net worth individuals (HNWIs) in Ireland possess unique assets and face distinct risks that standard insurance policies often fail to address adequately. The rising concern of underisurance has made this a more pressing issue for those who have a lot to protect. Engaging the expertise of a dedicated high net worth insurance broker now seems essential to ensure comprehensive protection tailored to their specific needs.

The Importance of Specialised High Net Worth Insurance Brokers

Standard insurance policies are typically designed for average assets and may not provide sufficient coverage for high-value homes, luxury vehicles, fine art, jewelry, wine (yes high valued wine is becoming a prominant among collectors in Ireland) and other valuable possessions. A specialised high net worth insurance broker understands the complexities associated with insuring these assets and can offer bespoke solutions that standard policies overlook. They conduct thorough assessments to identify potential risks and craft personalized coverage plans, ensuring that all assets are adequately protected.

Dolmen Insurance's Dedicated Private Client High Net Worth Team

Recognising the unique needs of HNWIs, Dolmen Insurance has established a dedicated Private Client High Net Worth team. Led by experienced professionals, this team specialises in providing tailored insurance solutions for high-value homes, luxury cars, and businesses. Our expertise ensure that clients receive personalised service and comprehensive coverage options designed to safeguard their valuable assets. So what are some of the most pressing concerns among HNWI?

Top 5 Insurance Priorities for High Net Worth Individuals

  1. Comprehensive Asset Protection: Ensuring that all high-value assets, including properties, vehicles, art collections, and jewelry, are fully covered against potential risks and not underinsured.

  2. Personal Liability Coverage: Obtaining enhanced personal liability protection to safeguard against potential lawsuits or claims arising from personal or professional activities.

  3. Global Coverage: Securing insurance policies that offer worldwide protection, especially for individuals who travel frequently or own assets in multiple countries.

  4. Risk Management and Mitigation: Implementing proactive measures to identify, assess, and mitigate potential risks, thereby reducing the likelihood of claims.

  5. Dedicated Support: Having access to a dedicated claims team that provides prompt and efficient assistance in the event of a loss, ensuring minimal disruption to lifestyle.

Underinsurance, the Impact of Inflation on High Net Worth Insurance

Inflation significantly affects the replacement costs of high-value items such as wine collections, jewelry, watches, and classic cars. As prices rise, the value of these assets increases, potentially leading to underinsurance if policies are not regularly reviewed and updated. HNWIs are increasingly seeking lifestyle advice to manage their exposure to rising prices and ensure their insurance coverage remains adequate. Regular appraisals and policy adjustments are essential to keep pace with inflation and maintain sufficient protection.

High Net Worth Insurance and Cyber Crime

In today's digital age, HNWIs are prime targets for cybercrime due to their substantial assets and personal information. Comprehensive high net worth insurance policies now encompass cyber liability coverage, protecting individuals against threats such as identity theft, cyber extortion, and data breaches. Our Cyber coverage ensures that clients have access to resources and support to manage and recover from cyber incidents effectively.

Evolving Risks and Dolmen Insurance's Bespoke Policies

As the risk landscape evolves, so do the insurance needs of HNWIs. We recognise the changing dynamics and have developed bespoke policies to safeguard clients against emerging threats. Our personalised approach ensures that each policy is tailored to address the specific risks, providing peace of mind and comprehensive protection.

Expertise and Experience

With a well-documented history of providing expert advice and services to some of Ireland's wealthiest individuals, Dolmen Insurance stands out for its commitment to excellence. Our dedicated team offers unparalleled expertise in the high net worth insurance sector, ensuring that clients receive the highest level of service and protection for their valuable assets.

High net worth individuals in Ireland must engage specialised insurance brokers to navigate the complexities of protecting valuable assets. With tailored solutions, proactive risk management, and a deep understanding of evolving threats, we provide the necessary expertise to safeguard the lifestyles and legacies of their esteemed clients.

Click here to view our website dedicated to High Net Worth Insurance