Mercator Risk Services, offered through Preferred Concepts LLC, provides specialized professional liability coverage for a broad range of information technology professionals. As this fast-growing sector continues to evolve, many IT service providers are being contractually required to carry Errors & Omissions (E&O) insurance. This creates significant opportunities for agents to offer tailored protection to clients who may be underinsured or unaware of the latest options available.
Ideal Accounts and Appetite
This program is designed for IT professionals and firms offering various technology and internet services. Target classes include:
- Website developers and digital designers
- Systems and computer consultants
- Database management service providers
- Network administrators and integrators
- Cybersecurity and risk consultants
- Software developers and custom programmers
- Transactional internet service providers
Whether your client is a startup offering niche app development or an established firm providing managed IT services to multiple industries, this program is structured to support a wide range of business types.
Coverage Highlights and Advantages
The program includes professional liability (E&O) coverage tailored to the exposures IT professionals face. Coverage can be customized to address contractual requirements, data breach exposures, implementation errors, and other operational risks.
Mercator Risk Services is also experienced in handling difficult-to-place or distressed accounts, including those with past claims or financial challenges. If your client has a non-standard risk profile, they can help find a solution.
Underwriting Notes and Submissions
To get started, you can submit an existing application (excluding renewals), or request a specialized application designed for IT professionals. The underwriting team works closely with agents to understand specific account needs and structure appropriate coverage terms.
No minimum premium is specified, allowing flexibility for accounts of various sizes.
Territories and Availability
This program is available nationwide in all 50 states, including the District of Columbia. Regardless of your client’s location, Preferred Concepts and Mercator Risk Services can help you access the right coverage solution.
Why Work With Preferred Concepts and Mercator Risk Services
Preferred Concepts LLC, through its relationship with Mercator Risk Services, brings brokers access to experienced underwriters and a network of carriers offering non-admitted solutions. Their deep understanding of specialty lines and willingness to work with complex or underserved accounts makes them a valuable partner for agents placing IT-related risks.
For more information, you can call (860) 527-9717 or email [email protected]. Additional resources, including product details and applications, are available at www.mercatorpro.com.