Comprehensive E-Professionals Coverage from Preferred Concepts LLC
Preferred Concepts LLC, through Mercator Risk Services, offers tailored professional liability coverage for a broad range of e-professionals. As the digital economy expands, many traditional policies fall short when it comes to internet-related exposures. Mercator addresses this gap by offering custom solutions that combine professional liability and cyber risk coverage—ideal for professionals whose work intersects with technology and digital communications.
Ideal Accounts and Appetite
This program is designed for e-professionals who may not fit neatly into traditional professional liability categories. Target classes include, but are not limited to:
- Web developers and designers
- IT consultants and tech service providers
- Digital marketing agencies
- Software developers and SaaS providers
- eCommerce consultants
You might have a client whose current E&O policy excludes internet-related exposures or whose cyber policy doesn't adequately cover their professional services. This program is built to close those gaps.
Coverage Highlights and Advantages
Mercator’s specialized e-professionals liability solution is broader than traditional professional or miscellaneous liability policies. Key features may include protection against:
- Unauthorized access and data breaches
- Introduction of malware or viruses
- Online libel, slander, and defamation
- Copyright and intellectual property infringement
Unlike many standard policies, this solution is structured to account for both cyber risks and the professional services that trigger E&O exposures. Whether your client is starting up or scaling fast, this program can adapt to fit their unique needs.
Underwriting Notes and Submission Process
Mercator Risk Services can typically begin the submission process using an existing application (excluding renewal forms), or they can provide a specialized application tailored to your client’s operations. They also handle distressed or hard-to-place accounts, including those with prior claims or financial challenges.
There is no listed minimum premium, and pricing varies based on the nature and scope of services provided.
Territories and Availability
This program is available nationwide, including all 50 states and Washington, D.C. It is written on a non-admitted basis through various carriers, providing flexibility in underwriting terms and coverage customization.
Why Work With Preferred Concepts LLC?
Preferred Concepts LLC, through its partnership with Mercator Risk Services, brings niche underwriting expertise and access to specialty markets for e-professionals. Their team understands the complexity of combining cyber and professional liability in one streamlined solution. You’ll benefit from responsive service, flexible applications, and market access that helps place even your most unconventional accounts.
For more details, visit their company profile or check out the e-Professionals program page.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for e-professionals such as IT consultants, web developers, digital marketers, and SaaS providers who need combined E&O and cyber risk coverage.
Can the program accommodate clients with prior claims?
Yes. Mercator Risk Services can consider distressed or hard-to-place accounts, including those with prior claims or financial issues.
Is this coverage available in all states?
Yes, the program is available in all 50 states and Washington, D.C., on a non-admitted basis through various carriers.
What types of exposures are typically covered?
Coverage may include unauthorized access, malware introduction, online libel or defamation, and copyright infringement related to professional services.
How do I submit an application?
You can submit using an existing application (excluding renewal forms), or request a specialized application from Mercator Risk Services.
Need help placing an account? Connect with a market specialist.