Overview — Medical Malpractice & Healthcare Placement
Preferred Concepts LLC places Medical Professional Liability (medical malpractice) and Healthcare liability risks through specialty markets described below. The program focuses on hard-to-place physicians and surgeons, miscellaneous medical service providers, managed care accounts, and healthcare D&O/E&O exposures. The detailed market description below references Mercator Risk Services, a specialty underwriting partner referenced in the program materials; please follow the submission guidance to ensure the strongest placement opportunity.
Ideal Accounts and Appetite
This program is designed for agents who have clients that are difficult to place in standard markets. Typical opportunities include:
- Physicians and surgeons with adverse or complex loss histories
- Practices in higher-exposure specialties (for example, OB/GYN, bariatrics)
- Providers with unique practice models (online medical services, telemedicine, consulting)
- Miscellaneous practitioners and specialty service providers (chiropractors, alternative medicine, nurse registries)
- Managed care organizations (HMOs, PPOs, PHOs) and managed care service firms (credentialing, utilization review)
- Entity placements for physician groups, hospitals, and larger health systems
Coverage Highlights and Advantages
- Medical Professional Liability (Medical Malpractice) for individual practitioners and entity placements where markets allow
- Errors & Omissions (E&O) and Directors & Officers (D&O) products tailored for managed care and healthcare organizations
- Ability to underwrite specialty service organizations such as medical billing firms, blood banks, labs, outpatient facilities, imaging centers, home health, rehab, ambulance services, and credentialing firms
- Placement options for unusual or evolving exposures driven by technology and online medical services
- Access to specialty carriers and wholesale market capacity for risks that struggle in standard admitted markets
Underwriting Notes and Submission Requirements
To obtain competitive consideration, submit a complete package. At minimum include:
- Completed application specific to the risk
- Clear description of operations and services performed
- Five years of loss history (claims and loss runs)
High-severity or complex accounts (poor loss history, high-risk specialties, substance issues, international/foreign training or practice) can still be placed, but expect closer underwriting scrutiny and potentially higher premiums or tighter terms.
Territories and Availability
This program is available in the following jurisdictions: AK, AL, AR, AZ, CA, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY, DC. Availability can vary by carrier and by state—check specific appetite and admitted/non-admitted options at submission.
Why Work With Preferred Concepts LLC on This Business
- Access to specialty markets experienced with hard-to-place medical and healthcare risks.
- Program guidance that helps you package submissions for faster, more accurate underwriting review.
- Flexibility to consider unusual operations and newer healthcare delivery models that many admitted carriers will not entertain.
Example Client Profiles
- A solo OB/GYN surgeon with an unfavorable loss history seeking professional liability limits and entity-tailored terms for a small practice.
- An HMO-style managed care firm that needs combined E&O and D&O placement along with tailored risk management endorsements.
Submission and Contact: A thorough submission is necessary to get the job done. In addition to the application, include a clear description of activities and five years of loss history. For more information, please call (860) 527-9717 or send an e-mail to [email protected]. You can get additional information on products, insurance applications, and specialty lines information on their website www.mercatorpro.com.
Frequently Asked Questions
What types of medical accounts are the best fit for this program?
Accounts that typically fit are hard-to-place physicians (adverse loss history or high-risk specialties), specialty service providers (billing firms, labs, imaging centers), and managed care organizations that require E&O and/or D&O protection.
What documentation do I need to include with a submission?
Include a completed application, a clear description of the insured’s activities, and five years of loss history or claims runs. For complex risks, supporting documents such as risk management protocols or practitioner credentials are helpful.
Are entity placements available for physician groups and hospitals?
Yes. Entity coverage for physician groups and hospitals is available in many states, especially for larger physician groups and health systems. Smaller groups and individual physicians may face state-specific market limitations.
Can you place online medical services or telemedicine practices?
Yes. The program has appetite for evolving technology-driven practices (telemedicine, online medical information services), but these require detailed operational descriptions and careful underwriting review.
How do I get pricing or check state availability?
Submit the required application and loss history for an accurate quote. State availability varies by carrier, so provide the insured’s state of domicile and operations on the submission to confirm admitted vs. non-admitted options and specific market capacity.
Need help placing an account? Connect with a market specialist.