Your Business Assets are perfectly secured. Be Sure your Personal Assets get the same attention.
Your business is a success because you’re monitoring performance, fine-tuning operations, and cultivating talent. You never take your eyes off the ball. The organization you are building is making a difference—it’s something bigger than just you. Do you treat your personal assets with the same attention?
Most entrepreneurs and business owners admit that balance is a struggle. (What is personal time?) But what we’re talking about is personal assets, and unfortunately, many executives and owners are so focused on their businesses that their assets outside the professional arena can be overlooked.
Think Value
Your business assets are protected, but when was the last time you evaluated coverage for personal assets like real estate, vehicles, technology, watercraft, jewelry, and other items that deserve protection? After analysis, we often find coverage gaps that expose clients to risk—and most are caught off guard. “Really? There’s no coverage for that?” It can be a real “aha” moment when successful executives and business owners discover holes in their personal safety net.
Our personal and professional lives do intermingle, and proper protection must span across these areas to pave a path for continued success in the future. What are your personal assets worth? We get to the bottom of this with relevant evaluations and walk you through what they mean. We also address improvements/betterments. Did you put an addition on your home—and is this additional square footage accounted for with proper protection?
Life Changes
Speaking of improvements and betterments, our lives are always changing. We celebrate birthdays and graduations, welcome new children to our families, and say goodbye to loved ones. Life is dynamic. But what we tend to forget is that as our lives evolve, so does our need for protection.
You need an insurance and risk management partner who stands by you during life’s little moments and big milestones, anticipating your needs so you can continue life uninterrupted.
Change goes beyond what’s happening in your personal life and includes how the economy and world affect you directly. For example, we experience cost-of-living adjustments and economic ups and downs—recoveries and recessions. Regular evaluations will ensure that your personal assets are properly aligned in our ever-changing environment.
Remember Your Umbrella
A crucial tool we provide to clients who are aligning personal and business assets is additional personal liability coverage—also known as umbrella insurance. This extra layer of security sits on top of your personal liability policies—i.e., home, auto, boat, RV, etc.—and kicks in to protect your personal assets when your standard liability coverage is exhausted.
If you are subject to a high-risk activity or engage in a hobby that increases your odds of getting sued—such as having a teenage driver, owning a swimming pool, or entertaining frequently—it is wise to supplement your insurance with a personal umbrella liability policy.
Need help ensuring you have the proper coverage in line? Let’s talk.
Meet the Team
Deeley Insurance Group’s Private Client team can align your business and personal assets by addressing coverage gaps and providing you access to greater limits of coverage. We are specially equipped to help protect the assets of our most accomplished clients.
Kerry Runkles, Private Client Advisor
Genna Murphy, Private Client Advisor
Diane Frederick, Private Client Specialist
