Risk management

You may be over insured or can self-insure, or in some situations, are underinsured. Since you can insure almost anything from lost airline luggage to long-term health care, it’s important to know the types of coverage and amounts you need – and what you can do without.

The role of insurance is to protect you from known and unknown risks. You may be reluctant to buy it because you’re essentially paying for something you hope you’ll never use. But to go unprotected and the unexpected happens, the losses to you and your family could be devastating.

Your needs drive our recommendations

Our holistic approach to risk management begins with building a long-term relationship with you and your family. Then, it’s our job to understand, based on your financial situation and potential risks, what’s the right amount of insurance you need, and then help you set that up.

We conduct a comprehensive review and analysis of all available resources to help achieve your goals related to:

• Providing for you, your family members and other loved ones in the event you suffer a long-term disability or require long-term care
• Insuring home(s) and other potential property losses
• Insuring personal and/or professional liability

If needed, we also assist with the review and coordination of insurance coverage by:

• Working with third-party insurance providers to develop and implement strategies for appropriate coverage and structure of life, long-term disability and/or long-term care insurance policies
• Obtaining comprehensive third-party reviews of property, casualty and liability insurance coverages and helping make decisions about resulting recommendations
• Facilitating third-party review of health insurance plans and helping make decisions about resulting recommendations (i.e., deductibles relative to premiums)
• Advising and helping with the coordination of retiree health insurance (Medicare, employer, supplemental insurance), working with a third-party health insurance broker when appropriate

Aspiriant wealth managers aspire to learn every facet of your life so we can help protect it. This flow of knowledge enables us to identify gaps and make recommendations should something new or unexpected happen in your life.

We keep track of your financial life, so you don’t have to

As life becomes complex, with accumulating assets and evolving liabilities, it’s essential to review your insurance needs regularly. While we are intentionally not insurance brokers, to make sure there isn’t any form of conflict of interest when we recommend insurance, we will help you evaluate your needs and source the appropriate solutions.