Mercator Risk Services, offered through Preferred Concepts LLC, provides Medical Professional Liability insurance solutions tailored for hard-to-place physicians and surgeons, miscellaneous medical service providers, and managed care accounts. As the healthcare industry continues to evolve, driven by managed care initiatives and changing regulatory and economic pressures, many providers find themselves outside the standard insurance market. Mercator specializes in these challenging placements, giving agents and brokers the tools they need to secure coverage for their most difficult risks.
Ideal Accounts and Appetite
This program is specifically designed for physicians and medical professionals who may not qualify for standard markets. Target risks include:
- Physicians with a history of multiple claims
- Providers offering temporary or locum tenens services
- Professionals with foreign training or experience
- Practitioners involved in experimental or non-traditional treatments
- Online medical consultants or telehealth providers
- Doctors performing consulting work outside of their primary practice
- Specialty or multi-disciplinary medical groups
If you’re working with a physician who has been declined by standard carriers or has unusual practice characteristics, this program may be a strong fit.
Coverage Highlights and Advantages
Mercator Risk Services offers Medical Malpractice coverage tailored to each client’s needs. The team works with various carriers to secure appropriate solutions for difficult or distressed risks. Coverage options can include:
- Medical Professional Liability (Malpractice)
- Errors & Omissions Liability
- Flexible terms and limits based on underwriting
Whether your client is a solo practitioner with a history of claims or a specialty group with unique exposures, Mercator’s underwriting team can assist in structuring a policy that meets their risk profile.
Underwriting Notes and Minimum Premiums
Due to the non-admitted nature of the program and the complexity of the risks, underwriting is selective. Applications other than renewals are generally accepted to initiate the submission process. A specialized application can also be provided. Agents should be prepared to submit comprehensive information, including claims history and practice details.
While minimum premiums may vary by class and risk characteristics, pricing reflects the risk complexity and market conditions. Expect tighter underwriting criteria and policy terms consistent with today's hardening market.
Territories and Availability
This program is available on a non-admitted basis in all 50 states and the District of Columbia, including 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, and WY.
Why Work With Preferred Concepts and Mercator Risk Services
Preferred Concepts LLC, through its partnership with Mercator Risk Services, gives agents access to multiple carriers and deep expertise in hard-to-place medical professional liability risks. Mercator’s dedicated team understands the nuances of distressed and non-standard accounts and provides responsive, knowledgeable support throughout the placement process.
Contact Mercator Risk Services at (860) 527-9717 or [email protected] to discuss your client’s specific situation. Additional product details and application forms are available at www.mercatorpro.com.