E: dpeterson@burkhartpeterson.com / T: (210) 377-3311

Asset Protection- Insurance Consulting

Practically everyone has heard the adage that a penny saved is a penny earned. The message in this saying is that protecting money that you already have is just as important and productive as earning new money. We work hard to accumulate our wealth, so once we have it we have to be sure and take the necessary precautions to keep it safe. Securing adequate insurance coverage on our assets to protect them from the possibility of loss, damage or liability is a critical component of retirement planning.

We live in a litigious society. Every day there are lawsuits filed by one party in hopes of collecting damages from another. To protect accumulated wealth, it is important that we are properly insured against the possibility of accidents that are foreseeable. A variety of different types of insurance coverage (such as home, auto, etc.) can be utilized for this purpose. There are even umbrella policies that can provide additional coverage in excess of limits that may exist in other policies. High wealth individuals are generally well advised to carry umbrella coverage.

Without proper insurance, you could be financially responsible for paying property damage or personal injury claims arising from an accident. All of your existing personal assets and even your future earnings could come under attack. If a claim is large enough, you could lose everything or be forced into bankruptcy.

At Burkhart, Peterson & Company, we have tax Attorneys, Certified Public Accountants, Enrolled Agents, and Insurance Agents on staff. Our diverse group of insurance and tax professionals enables us to identify your areas of exposure and to develop insurance recommendations aimed at providing you with comprehensive coverage.

We are better prepared than anyone to help you identify your liability exposure and related coverage needs and to get them in place for you. Please contact our office if you are interested in our insurance consulting services.