Overview of the Program From Preferred Concepts
Preferred Concepts LLC offers the Integrated Risk Facilities, Inc. - General Liability Facility, a mono-line general liability program tailored for the real estate and hospitality sectors. Placed on a non-admitted basis and backed by Zurich, this facility combines competitive pricing with contemporary coverage wording designed for property owners, managers, and hospitality operators. It is a long-standing, market-tested program that helps you place and retain routine and moderately complex general liability accounts.
Ideal Accounts and Appetite
This program is built for agents and brokers who need reliable, first-dollar general liability for real estate and hospitality risks. Target classes include:
- Commercial office buildings and shopping centers
- Residential apartment complexes and multi-family properties
- Hotels, motels, and boutique hospitality properties
- Mixed-use portfolios combining retail, residential and office space
Example placements: you might have a client that owns a portfolio of mid-rise apartment buildings across several states, or a regional boutique hotel group that wants a consistent GL solution across its properties—both are good fits for this facility.
Coverage Highlights and Advantages
The Integrated Risk Facilities General Liability Facility provides first-dollar coverage with no deductible at policy inception. Key advantages include:
- Coverage forms and limits designed for real estate and hospitality exposures
- Capacity and backing from Zurich
- Underwriting flexibility across a broad range of property types
- Established program with a consistent performance history
- Responsive underwriting and claims support focused on placement and retention
Underwriting Notes and Minimum Premiums
Submissions should include complete property schedules, occupancy and tenant information, current loss runs, and any risk management procedures in place. The facility is intended for clean to moderately complex risks; properties with severe loss histories, active alcohol exposures, heavy liquor operations, or unusually high-hazard exposures are typically not eligible. Minimum premium terms vary by account and territory—Preferred Concepts will assess each risk to determine appropriate pricing.
Territories and Availability
This non-admitted facility is available in most states. Preferred Concepts can place business in:
AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY.
Why Work With Preferred Concepts
Preferred Concepts brings deep sector expertise in real estate and hospitality and direct access to a long-running Zurich-backed facility. Their underwriting team emphasizes practical, placement-focused reviews and works closely with producers to offer consistent terms across portfolios. Use this program when you need a responsive market for first-dollar GL coverage and a partner that understands property operations and loss-control practices.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Commercial real estate owners, apartment complexes, mixed-use buildings, and hotel or motel operators seeking first-dollar general liability coverage are ideal candidates.
Is the coverage admitted or non-admitted?
This is a non-admitted general liability program underwritten by Zurich.
Can I submit risks located in any state?
The facility is available in most states, including CA, FL, NY, TX, and the full list shown above. Availability may vary by class and exposure—confirm with Preferred Concepts underwriting.
What types of risks are typically excluded?
High-hazard properties, locations with poor maintenance records, active or significant prior losses, and certain liquor or entertainment venues are generally outside the facility's appetite.
What submission information is required?
Provide full property details, tenant and occupancy information, current loss runs, and any loss-control or risk management programs to help speed underwriting.
Need help placing an account? Connect with a market specialist.