Navigating Your Next Steps HUB Private Client Risk Advisors will work with you to develop a tailored strategy to protect your properties and assets and build resiliency for 2025. Here are some initial considerations: Retaining family wealth involves more than good investments and risk mitigation — it also requires preparing the next 1 Educate the generation. Educate younger family members on how to next generation. manage risk. Ask your broker to participate in the discussion to answer questions and provide a picture of the family’s exposures. From installing wildfire-resistant landscaping and water sensors to upgrading cybersecurity, a little risk reduction can have an outsized Invest time impact on increasing your insurability. Don’t forget to protect your 2 and money other assets: Adequately safeguard valuables, store fine art in in mitigation temperature- and humidity-controlled rooms, and dock your yacht at measures. a marina with 24-hour security. Today’s challenging insurance marketplace requires creativity. Consider Don’t be afraid to look into options beyond the traditional 3 unconventional marketplace, including securing coverage from unique insurance wholesalers. From excess and surplus (E&S) coverage to self- options. insurance options, your broker can find the best mix to mitigate risk for generations to come. Let your insurance broker know about any major life changes or planned property purchases to ensure you’re as protected Be transparent as possible. Review exposures and insurance needs at least 90 4 with your days prior to your policy renewal to allow your broker to find broker. the optimal mix of coverage for your family’s needs. 7 7