Preferred Concepts LLC
Contact Us
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Preferred Concepts LLC
Contact Us
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Lawyers
Mercator Risk Services writes Lawyers Professional Liability accounts on a primary, excess or hard to place basis for all size accounts, from solo practitioners to firms with over 50 attorneys. No matter what the nature of a law firm's practice, today's law firms are increasingly the target of client claims and lawsuits. This can be the result of unreasonable client expectations, frivolous claims or real errors. All law firms need to buy professional liability insurance to protect them from client claims, and Mercator Risk Services can certainly provide assistance
 
The market for lawyers professional liability insurance has been extremely competitive. However, underwriters are beginning to realize that they may have difficult or unprofitable books of business, and are taking steps to improve their results. These changes include increased pricing, more restrictive underwriting requirements and outright non-renewals. At this time of market turmoil, the lawyers professional liability segment can be a significant opportunity for new sales.
 
Examples may include:
  • High-exposure firms with a significant practice concentration in securities work
  • Lawyers who have recently passed the bar and opened their own practice
  • Firms that have recently expanded or merged, or recently dissolved partnerships
  • Firms with significant claims problems or disciplinary problems
As a professional liability specialist, Mercator Risk Services provides coverage for distressed lawyers from a number of markets. Distressed lawyers requiring special underwriting include the following:
  • 100% plaintiff's work
  • Copyright and patent attorneys
  • Significant loss experience
  • Real estate development specialists
  • Securities specialists
  • Sole practitioners
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 info@mercatorpro.com. 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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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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