Products Liability

Products Liability Coverage from Mercator Risk Services

Mercator Risk Services, offered through Preferred Concepts LLC, provides tailored placement solutions for hard-to-place products liability accounts. We focus on risks that fall outside the standard market because of their complexity, unusual nature, or elevated exposure. Our underwriting experience and market access help agents and brokers place challenging product-related risks efficiently.

Ideal Accounts and Appetite

This program is well-suited for:

• Manufacturers or distributors of new, innovative, or niche products
• Companies with a history of products liability claims
• Businesses undergoing ownership changes, mergers, or acquisitions
• Firms experiencing rapid growth or expanding distribution nationally
• Producers of higher-hazard products that are difficult to place in the standard market

We also consider discontinued products and tail coverage solutions, though tail options have become more limited in the current market.

Coverage Highlights and Advantages

Preferred Concepts, working with Mercator Risk Services, offers both occurrence and claims-made forms to match an account’s exposure and placement goals. Claims-made programs can be especially useful for start-ups and higher-hazard manufacturers because they often provide lower initial premiums and more predictable costs in early years.

Key advantages:

• Access to a variety of carriers for customized placements
• Flexible policy structures tailored to unique product exposures
• Consideration for discontinued-product exposures and tail solutions where available

Underwriting Notes

Each submission is reviewed on its own merits. Underwriting focuses on product type, manufacturing and quality controls, distribution scope, and loss history. While there is no published minimum premium, pricing depends on risk complexity and market conditions.

To speed quoting, include a complete application, detailed product descriptions, current loss runs, any recall or claim history, and relevant safety or marketing materials. Information about manufacturing processes, testing protocols, and risk control measures is helpful for favorable consideration.

Territories and Availability

This products liability program is available in all 50 states and the District of Columbia, with admitted options in select states depending on carrier appetite and risk class. Key states commonly placed include CA, NY, TX, FL, IL, and GA.

Why Work With Preferred Concepts and Mercator Risk?

Preferred Concepts LLC, in partnership with Mercator Risk Services, brings niche underwriting expertise and responsive service to help you place difficult products liability accounts. We understand specialty risks and maintain carrier relationships that can handle non-standard exposures. Whether your client is a start-up launching a novel device or a manufacturer with prior claims, we work to identify appropriate markets and structure terms that address the exposure.

Example scenarios you can place through this program:

• A small manufacturer launching an innovative consumer device with limited sales history that needs a claims-made program to manage early-year premiums.
• A distributor with a prior products liability loss seeking new carriers and tailored limits while expanding into additional states.

For more information, call (860) 527-9717 or email [email protected]. You can also visit our website at www.mercatorselect.com for applications and additional product details.