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Preferred Concepts LLC
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Preferred Concepts LLC
Contact Us
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Investment Advisers

Mercator Risk Services provides coverage for a wide range of investment professionals including private equity and hedge fund managers. There are a large number of Registered Investment Advisors, Broker/Dealers and other investment professionals that need expert insurance advice and professional liability insurance. Mercator Risk Services is an expert in professional liability insurance for investment related organizations, particularly registered investment advisors, private fund managers, consultants and broker/dealers. Investment advisors and other investment professionals face claims from a variety of sources, and some are significant. The primary exposure is driven by unhappy investors whose expectations have not been met, which can cause unpleasant disputes and costly litigation. Causes can include adverse performance, deviations from investment plans, and administrative errors. Claims are typically measured by frequency and severity, and for advisors and other investment professionals can be expected to vary significantly between organizations. We often see plaintiffs bringing claims and pushing litigation against parties without responsibility in an effort to access deep pockets.
 
The resulting dispute can cause:
  • Costly litigation
  • Diversion from the business
  • Damage to reputation
Defense costs, and management time spent focusing litigation, are significant additional costs to any litigation. Defense costs for investment professionals, particularly investment advisors, are a significant part of total loss costs.
 
Like many professionals, investment professionals are exposed to frivolous claims as well as legitimate claims when errors occurs. Frivolous claims are always structured in the most advantageous manner to the plaintiff, and are not always totally accurate. One method used by plaintiff attorneys is to describe the activity that led to the losses as far riskier and for amounts far greater than agreed to, something that is a challenge to refute.
 
While investment advisors are the predominant type of investment organization purchasing professional liability insurance, there is a range of investment-related organizations needing professional liability insurance, including:
  • Investment Advisors
  • Broker/Dealers
  • Consultants
  • Hedge Funds
  • Private Equity (Venture Capital) Funds
  • Trusts
  • Distributors & Administrators
Mercator Risk Services provides coverage for a wide range of investment professionals including private equity and hedge fund managers. Please let us know your needs and we will provide you with information and assistance with your particular situation or account, and professional liability coverage.
 
Mercator Risk Services can usually utilize an application you have to get started (other than a renewal application), or they can provide a specialized application for your client.
 
Hard to Place:They also handle hard to place, distressed and unusual accounts, such as accounts with claims or financially impaired accounts. Let them know about your clients’ needs and they’ll provide you with information and assistance with your particular situation or account and Errors & Omissions Liability coverage.
 
For more information, please call (860) 527-9717 or send an e-mail to [email protected]. You can get additional information on their products, insurance applications, and Specialty Lines insurance information on their Web site www.mercatorpro.com.

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    Wholesale Broker
  • Admitted:
    0
  • Carriers:
  • Carrier Ratings:
    A.M. Best A rated
  • Commission:
    Varies
  • Min Premium:
    -

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CONTACT INFORMATION

LOCATION

There are no locations attached to this storefront.

APPLICATIONS

  • Applications
    Please complete the appropriate application and fax to Robert Sargent at 860-527-2438.

AGENCY LICENSING

Mercator Risk Services utilizes a short brokerage agreement, which is typically completed at the time of binding your first account.
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