Hard-to-Place Professional Liability Solutions from Preferred Concepts LLC
Through Mercator Risk Services, Preferred Concepts LLC offers specialized access to professional liability markets that can handle tough, distressed, or non-standard risks. Whether your client has been declined by standard carriers due to claims history, unusual operations, or financial setbacks, Mercator applies deep industry knowledge, creativity, and access to multiple specialty markets to find solutions.
Ideal Accounts and Target Risks
This program is built for accounts that standard professional liability markets typically reject. These may include:
- Firms with prior claims activity or recent losses
- Businesses with unique or emerging operations
- Companies undergoing bankruptcy or restructuring
- Startups or specialty firms in high-exposure sectors
- Accounts with non-renewals or coverage lapses
Example target classes include:
- Errors & Omissions (E&O): Medical professionals (including telehealth), attorneys, financial advisors, consultants, engineers, and more
- Directors & Officers (D&O): Public and private companies, distressed organizations, and large non-profits
- Employment Practices Liability (EPL): Companies with prior EEOC claims, high turnover, or challenging personnel exposures
Coverage Highlights
Mercator Risk Services is skilled at structuring custom solutions that provide meaningful protection for hard-to-place risks. Coverage options may include:
- Standalone or blended policies for E&O, D&O, and EPL
- Flexible underwriting for distressed or claim-heavy accounts
- Access to a wide range of non-admitted markets
- Customized policy forms and terms to match unique exposures
Example scenarios include:
- A boutique law firm with multiple E&O claims seeking coverage after standard markets declined
- A technology-driven utility startup needing specialized E&O coverage tailored to internet-based services
- A nonprofit organization with a complex board structure requiring custom D&O terms
- A retail business with prior EPL claims looking for renewed protection
Submission and Underwriting Notes
To secure the best possible terms, a complete and detailed submission is essential. Please include:
- A clear description of the insured’s operations and exposures
- Five years of loss history
- Completed and signed applications (specific to the desired coverage)
Mercator Risk Services works with multiple carriers to design competitive solutions on a non-admitted basis.
Available States
This program is available in all 50 states and the District of Columbia:
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, DC, WV, WI, WY.
Why Work with Preferred Concepts and Mercator Risk Services?
Preferred Concepts LLC, via Mercator Risk Services, brings deep underwriting expertise and access to a broad spectrum of specialty markets. Their team is responsive, creative, and geared toward solving complex challenges efficiently—saving you time while helping you place difficult risks.
Need help placing a tough E&O, D&O, or EPL account? Contact the team at (860) 527-9717 or email [email protected]. You can also learn more and access applications at www.mercatorpro.com.