--- title: Balance Sheet - Insurance (BETA) description: balance sheet for P&C Insurance planning --- [Skip to content](https://help.holistiplan.com/balance-sheet#main-content) English Show submenu for translations [More support](https://help.holistiplan.com/kb-tickets/new?hsLang=en) [![Holistiplan Logo (800x200 px).webp\]](https://help.holistiplan.com/hs-fs/hubfs/Holistiplan%20Logo%20(800x200%20px).webp?width=160&height=40&name=Holistiplan%20Logo%20(800x200%20px).webp)](https://www.holistiplan.com/) Open main navigation Close main navigation - English Show submenu for translations - [More support](https://help.holistiplan.com/kb-tickets/new) Holistiplan Knowledge Base - There are no suggestions because the search field is empty. 1. [Help Center](https://help.holistiplan.com/?hsLang=en) 2. [P&C Insurance Planning](https://help.holistiplan.com/pc-insurance-planning?hsLang=en) 3. [Features/Additional Information](https://help.holistiplan.com/pc-insurance-planning?hsLang=en#features-additional-information) # Balance Sheet - Insurance (BETA) ## Enable, populate, and utilize the Balance Sheet tab in Holistiplan to sharpen your P&C Insurance risk analysis and asset protection strategy. **The Balance Sheet** is a dedicated household-level tab in Holistiplan that gives advisors a complete picture of a client’s assets and liabilities in one place. More than a simple net worth statement, it powers downstream analysis in P&C Insurance and planning by allowing users to indicate which assets are creditor-accessible and which are protected under federal and state law. When fully populated, the Balance Sheet tells the full financial planning story, showing how asset structuring decisions affect a client’s insurance needs and overall risk posture. ### **Why It Matters** Asset structuring directly impacts liability exposure. The Balance Sheet provides data to evaluate key risk questions: - **Creditor Exposure:** Which assets are exposed to claims if an uninsured loss occurs? - **Umbrella Sizing:** Is umbrella coverage adequately sized relative to at-risk net worth? - **Jurisdiction Gaps:** Do foreign assets fall outside U.S. carrier coverage territories? This data feeds directly into the **Umbrella Policy Details** section of the P&C report via the **Populate from Balance Sheet (Total No Asset Protection)** button. ![](https://help.holistiplan.com/hs-fs/hubfs/image-png-Aug-26-2026-08-58-02-0155-PM.png?width=670&height=355&name=image-png-Aug-26-2026-08-58-02-0155-PM.png) ### ![](https://help.holistiplan.com/hs-fs/hubfs/image-png-Aug-26-2026-08-58-27-7290-PM.png?width=562&height=332&name=image-png-Aug-26-2026-08-58-27-7290-PM.png)   ### **Enable Balance Sheet** ![](https://help.holistiplan.com/hs-fs/hubfs/image-png-Aug-26-2026-08-59-30-4130-PM.png?width=267&height=175&name=image-png-Aug-26-2026-08-59-30-4130-PM.png)To enable the Balance Sheet,  a Firm Admin can go to Settings \> Features & Tools and locate the **Balance Sheet toggle** under **P&C Insurance Permissions**. The Balance Sheet then appears as a new tab within the Household screen, in the left-hand navigation panel alongside Details, Notes, Permissions, and other household-level sections. --- ### **Populate the Balance Sheet** Users can populate and update the Balance Sheet manually or via bulk upload. #### **Bulk Upload** To use bulk upload, download the appropriate template for assets or liabilities by hovering over the Upload button on the Balance Sheet to access the template download link for your preferred type, either CSV or Excel. ![](https://help.holistiplan.com/hs-fs/hubfs/image-png-Aug-26-2026-09-07-13-8856-PM.png?width=345&height=161&name=image-png-Aug-26-2026-09-07-13-8856-PM.png) Once the template is filled in, select **Add From CSV** or **Add From Excel** on the Balance Sheet.  Examples of populated files can be found here: \- [Example Asset File](https://help.holistiplan.com/hubfs/Add%20Asset%20from%20Excel-%20Test%20File.xlsx?hsLang=en) [- Example Liability File](https://help.holistiplan.com/hubfs/Add%20Liability%20from%20Excel-%20Test%20File.xlsx?hsLang=en) - **Required:** *Name*, *Asset Type*. - **Outside USA:** Flags assets that U.S. carriers may exclude from liability coverage. - **State:** Applies state-specific asset protection rules (e.g., homestead exemptions). - **Titling:** (JTWROS, TOD, Tenants in Common, Tenants by Entirety, Other) Determines legal exposure to judgments. - **Asset Protection Override:** Check this box to mark an asset as protected from creditors. This moves the asset value from *No Asset Protection* to *Asset Protection* in the summary tiles.**Recommended P&C Fields:** - *Reserved Fields (No current report impact):* Institution, Roth Projection fields, Estate Planning fields.   **NOTE:** Asset protection rules are state-specific and nuanced. Advisors should verify the applicable protections for their client’s state before marking assets as protected. Check out our [P&C State Hints](https://help.holistiplan.com/what-question-is-you-article-answering?hsLang=en) Knowledge base to learn more about state-specific asset protection.  #### **Updating Existing Values** When updating values in bulk, start by downloading the template directly from the Balance Sheet. The template will pre-populate with the assets or liabilities already in the household, allowing edits to the existing data, rather than building from scratch. ![](https://help.holistiplan.com/hs-fs/hubfs/undefined-Aug-26-2026-09-18-00-6990-PM.png?width=469&height=196&name=undefined-Aug-26-2026-09-18-00-6990-PM.png) Before uploading, review the file and delete any rows that should not be updated. Leaving a row in the file without a value and date will produce an error on that row. For rows that should be updated: - Value: enter a plain number with no formatting -- no commas, dollar signs, or decimals unless needed (e.g., 875000 not $875,000) - Date: must be formatted as YYYY-MM-DD (e.g., 2026-08-26) -- other date formats will fail Once the file is ready, click **Update Values.** The import results modal will show which rows succeeded and which failed, along with the reason for any failures. --- ### **Ownership** Edit ownership for an asset by clicking **Edit** to the right of the asset in question ![](https://help.holistiplan.com/hs-fs/hubfs/image-png-Aug-26-2026-09-26-40-0830-PM.png?width=670&height=273&name=image-png-Aug-26-2026-09-26-40-0830-PM.png) - Navigate to the Owners page - Select client(s) from the household dropdown. - Adjust ownership percentage per client. - Click **Add Owner** to proceed. --- ### **Connecting Balance Sheet to Insurance Umbrella Policy** The Balance Sheet directly feeds the Umbrella policy section of the P&C Insurance report. Within the Umbrella Policy Details modal, advisors will see an **Estimated At Risk Value** field with a Populate from Balance Sheet (Total No Asset Protection) button. ![](https://help.holistiplan.com/hs-fs/hubfs/image-png-Aug-26-2026-09-31-37-2008-PM.png?width=507&height=366&name=image-png-Aug-26-2026-09-31-37-2008-PM.png) As advisors build out the Balance Sheet, the Asset Protection Override field feeds a running **Total No Asset Protection** figure, which represents the household assets a creditor could potentially reach in a liability judgment. When an advisor selects the button, that figure populates the Estimated At Risk Value field, which Holistiplan uses to assess whether the client’s umbrella limit is adequate relative to their at-risk net worth. ![](https://help.holistiplan.com/hs-fs/hubfs/undefined-Aug-26-2026-09-33-45-8080-PM.png?width=864&height=220&name=undefined-Aug-26-2026-09-33-45-8080-PM.png)   **NOTE:** This is a one-time pull and does not sync automatically. If the Balance Sheet is updated later, advisors must click the button again to refresh the value in the umbrella section. --- ### **Frequently Asked Questions** **Does the Balance Sheet sync automatically with the Umbrella section?** No. The Populate from Balance Sheet button is a one-time pull. If you update the Balance Sheet after the initial pull, you’ll need to click the button again to refresh the umbrella’s Estimated At Risk Value. **Can I upload assets in bulk?** Yes. Download the CSV Template or Excel Template, fill it in, and upload using Add From CSV or Add From Excel. Make sure the file format matches the button you select; uploading a CSV into the Excel option will produce an error. **What does “Asset Protection Override” mean?** It signals that an asset has legal protection from creditors under state or federal law, for example, a homestead-exempt primary residence or a protected retirement account. Checking this box removes the asset from the “No Asset Protection” total used in the umbrella calculation. Because protection rules are state-specific, advisors are responsible for confirming applicability before checking this box. **What happens if an asset is outside the U.S.?** Foreign assets may fall outside the coverage scope of a client’s U.S.-based umbrella or liability policy, since some carriers restrict coverage to the U.S. and its territories. - [Getting Started at Holistiplan - 101](https://help.holistiplan.com/getting-started-at-holistiplan-101?hsLang=en#main-content) - [How to Contact Support](https://help.holistiplan.com/getting-started-at-holistiplan-101?hsLang=en#how-to-contact-support) - [Ready to Get Started?](https://help.holistiplan.com/getting-started-at-holistiplan-101?hsLang=en#ready-to-get-started) - [Getting Started with Your Households](https://help.holistiplan.com/getting-started-at-holistiplan-101?hsLang=en#getting-started-with-your-households) - [Tax Report](https://help.holistiplan.com/getting-started-at-holistiplan-101?hsLang=en#tax-report) - [Scenario Analysis](https://help.holistiplan.com/getting-started-at-holistiplan-101?hsLang=en#scenario-analysis) - [Master Your Dashboard](https://help.holistiplan.com/getting-started-at-holistiplan-101?hsLang=en#master-your-dashboard) - [Tips for New Users](https://help.holistiplan.com/getting-started-at-holistiplan-101?hsLang=en#tips-for-new-users) - [Deeper Dive at Holistiplan - 201](https://help.holistiplan.com/deeper-dive-at-holistiplan-201?hsLang=en#main-content) - [Mastering the Tax Report: Advanced Insights and Analysis](https://help.holistiplan.com/deeper-dive-at-holistiplan-201?hsLang=en#mastering-the-tax-report-advanced-insights-and-analysis) - [Advanced Planning with Scenario Analysis](https://help.holistiplan.com/deeper-dive-at-holistiplan-201?hsLang=en#advanced-planning-with-scenario-analysis) - [Roth Projection Tool](https://help.holistiplan.com/deeper-dive-at-holistiplan-201?hsLang=en#roth-projection-tool) - [Using the Tax Explainer](https://help.holistiplan.com/deeper-dive-at-holistiplan-201?hsLang=en#using-the-tax-explainer) - [Tax Letter- Adding Value for Your Clients](https://help.holistiplan.com/deeper-dive-at-holistiplan-201?hsLang=en#tax-letter-adding-value-for-your-clients) - [Holistiplan Basics](https://help.holistiplan.com/holistiplan-basics?hsLang=en#main-content) - [Uploading Returns](https://help.holistiplan.com/holistiplan-basics?hsLang=en#uploading-returns) - [Household Information](https://help.holistiplan.com/holistiplan-basics?hsLang=en#household-information) - [Tools & Resources](https://help.holistiplan.com/holistiplan-basics?hsLang=en#tools-resources) - [Firm Admins](https://help.holistiplan.com/holistiplan-basics?hsLang=en#firm-admins) - [Holistiplan Academy - Upload Breakdown](https://help.holistiplan.com/holistiplan-academy-upload-breakdown?hsLang=en#main-content) - [Tax Report](https://help.holistiplan.com/holistiplan-academy-upload-breakdown?hsLang=en#tax-report) - [Scenario Analysis](https://help.holistiplan.com/holistiplan-academy-upload-breakdown?hsLang=en#scenario-analysis) - [Billing and Subscriptions](https://help.holistiplan.com/billing-and-subscriptions?hsLang=en) - [User Admin](https://help.holistiplan.com/user-admin?hsLang=en) - [Tax Reports](https://help.holistiplan.com/tax-reports?hsLang=en#main-content) - [Tax Report FAQ](https://help.holistiplan.com/tax-reports?hsLang=en#tax-report-faq) - [Scenario Analysis](https://help.holistiplan.com/scenario-analysis?hsLang=en#main-content) - [General Administration and Editing](https://help.holistiplan.com/scenario-analysis?hsLang=en#general-administration-and-editing) - [Business Income](https://help.holistiplan.com/scenario-analysis?hsLang=en#business-income) - [Charitable Giving Strategies](https://help.holistiplan.com/scenario-analysis?hsLang=en#charitable-giving-strategies) - [Credits and Deductions](https://help.holistiplan.com/scenario-analysis?hsLang=en#credits-and-deductions) - [Equity Compensation](https://help.holistiplan.com/scenario-analysis?hsLang=en#equity-compensation) - [Filing Status](https://help.holistiplan.com/scenario-analysis?hsLang=en#filing-status) - [Range Calc/Solve for Max](https://help.holistiplan.com/scenario-analysis?hsLang=en#range-calc-solve-for-max) - [Retirement Plan Contributions and Distributions](https://help.holistiplan.com/scenario-analysis?hsLang=en#retirement-plan-contributions-and-distributions) - [Roth Conversions](https://help.holistiplan.com/scenario-analysis?hsLang=en#roth-conversions) - [State Taxes](https://help.holistiplan.com/scenario-analysis?hsLang=en#state-taxes) - [Strategy Illustrations](https://help.holistiplan.com/scenario-analysis?hsLang=en#strategy-illustrations) - [Wages](https://help.holistiplan.com/scenario-analysis?hsLang=en#wages) - [Scenario Analysis FAQ](https://help.holistiplan.com/scenario-analysis?hsLang=en#scenario-analysis-faq) - [Supplemental Income](https://help.holistiplan.com/scenario-analysis?hsLang=en#supplemental-income) - [Roth Projection Tool](https://help.holistiplan.com/roth-projection-tool?hsLang=en) - [Tax Letters](https://help.holistiplan.com/tax-letters?hsLang=en) - [Explainer Reports](https://help.holistiplan.com/explainer-reports?hsLang=en) - [P&C Insurance Planning](https://help.holistiplan.com/pc-insurance-planning?hsLang=en#main-content) - [Basics](https://help.holistiplan.com/pc-insurance-planning?hsLang=en#basics) - [Getting Started](https://help.holistiplan.com/pc-insurance-planning?hsLang=en#getting-started) - [Features/Additional Information](https://help.holistiplan.com/pc-insurance-planning?hsLang=en#features-additional-information) - [Integrations](https://help.holistiplan.com/integrations?hsLang=en#main-content) - [Single Sign-On](https://help.holistiplan.com/integrations?hsLang=en#single-sign-on) - [API](https://help.holistiplan.com/integrations?hsLang=en#api) - [CRM Integrations](https://help.holistiplan.com/integrations?hsLang=en#crm-integrations) - [Integrations](https://help.holistiplan.com/integrations?hsLang=en#integrations) - [Security](https://help.holistiplan.com/security?hsLang=en) - [Tax Transcripts](https://help.holistiplan.com/tax-transcripts?hsLang=en) Copyright © 2025, Holistiplan LLC