Family Offices & Foundations
Foa & Son understands the complex and sometimes eccentric risk profiles of Family Offices and Foundations. Our solutions are flexible and responsive to take those sometimes unique risks into account and them.
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Exclusive articles relating to Family Foundations insurance
The past couple of decades have seen businesses turn increasingly to PEO’s (professional employer organizations) and staffing agencies to fill both permanent and short term labor needs. There are many advantages to using these types of services, but with their use comes an additional liability risk for the businesses using them.
It’s Spring, and right on schedule many areas face renewed risk of flood from snow melt and spring precipitation. Recent trends of more frequent, severe and unpredictable weather events can’t be denied, and smaller “nuisance” flood events are occurring coast to coast. Although each event is considerably smaller than the large-scale floods covered by the news, the frequency of their occurrence is much higher, creating a hefty financial impact on cities and their citizens.
Leases are always a potential source of insurance problems. When they are lacking even a small clause, such as a subrogation waiver, the client is left vulnerable to an allegation of responsibility or liability of a loss. Without careful attention by attorneys in the reviewal of leases, a tenant could be at risk for being pursued by the landlord’s insurance company for retribution.
The dangerous condition that cropped up in northern California in February at the Oroville Dam highlights a real issue for business owners and risk managers posed by the deteriorated condition of our nation’s infrastructure. Much of the nation’s roads, bridges, dams, ports and other vital areas have surpassed their intended lifetimes. A well written insurance program is necessary to anticipate the disasters that are inevitable due to the deteriorated infrastructure.