Wealthy Americans Fear Lawsuits But Lack Sufficient Coverage

Below is a very interesting article from March 19, 2012 Insurance Journal Magazine – enjoy.

America’s wealthiest families increasingly worry that their wealth alone makes them a target for a high-stakes liability lawsuit in this uncertain time of high unemployment and tepid economic growth, according to a new insurance report.

But many wealthy families remain poorly prepared for such lawsuits in spite of their concern. They fail to appreciate the different aspects of their lifestyle that can lead to a lawsuit. They underestimate the cost of the potential damages, and they misunderstand the affordability of effective protection. As a result, wealthy families often lack the proper types click here for the remainder of article.