Millionaires investing in security
30/05/2006
Over 90 per cent of millionaires have invested in security measures to protect themselves and their families, new research has revealed.
A report by financial services group, Zurich Private Clients, shows that these individuals are spending up to £5 billion in total because of concerns they are being targeted due to their wealth.
A total of 38 per cent have been victims of burglaries and 19 per cent have encountered car theft, the report indicates.
Kris Coombes, from Zurich Private Clients, said: "As specialist insurers of historic houses, fine art collections and jewellery, we strongly recommend that those who feel more at risk due to wealth, check that they have sufficient quality risk prevention measures in place.
"This should start with a personal visit from a respected insurer to provide risk management advice for their assets and ensure that they have insurance designed to cater for the risks they face.
He added that wealthy people "should also check that lifestyle cover is included as part of their insurance", including identity fraud and car-jacking cover.
The report was exploring millionaires' perceptions and experiences of crime.
Zurich Financial Services offers investment, protection, insurance and pensions products and advice for employers, businesses, brokers and personal customers.
A report by financial services group, Zurich Private Clients, shows that these individuals are spending up to £5 billion in total because of concerns they are being targeted due to their wealth.
A total of 38 per cent have been victims of burglaries and 19 per cent have encountered car theft, the report indicates.
Kris Coombes, from Zurich Private Clients, said: "As specialist insurers of historic houses, fine art collections and jewellery, we strongly recommend that those who feel more at risk due to wealth, check that they have sufficient quality risk prevention measures in place.
"This should start with a personal visit from a respected insurer to provide risk management advice for their assets and ensure that they have insurance designed to cater for the risks they face.
He added that wealthy people "should also check that lifestyle cover is included as part of their insurance", including identity fraud and car-jacking cover.
The report was exploring millionaires' perceptions and experiences of crime.
Zurich Financial Services offers investment, protection, insurance and pensions products and advice for employers, businesses, brokers and personal customers.
