Medical Services Program from Preferred Concepts LLC
Preferred Concepts LLC, through its wholesale brokerage capabilities, offers access to Mercator Risk Services’ specialized insurance solutions for medical service providers. With decades of change in the healthcare industry—driven by managed care initiatives, evolving regulations, and increased litigation—the need for flexible, responsive malpractice and liability coverage has never been greater. This program is designed to help you place a wide range of medical services accounts, including those that are hard to place or distressed.
Ideal Accounts and Appetite
Mercator Risk Services is experienced in underwriting a broad spectrum of medical service providers, including accounts with unique or challenging risk profiles. The program is well-suited for:
- Distressed or previously declined providers, such as podiatrists with claims history
- Staffing and registry services, including nursing registries
- Specialty or niche medical facilities, such as hyperbaric treatment centers
- Financially impaired or newly formed medical organizations
If you’re working with a medical client who doesn’t fit into the standard market—due to claims, financials, or unusual exposures—this program may be the right solution.
Coverage Highlights and Advantages
The tightening medical malpractice market has resulted in higher premiums, stricter underwriting, and insurer withdrawals. Mercator Risk Services addresses these challenges by offering:
- Access to multiple carriers for flexible options
- Customized terms for specialty medical risks
- Errors & Omissions (E&O) Liability coverage
- Coverage available for distressed and financially impaired accounts
Mercator can work from a standard application (excluding renewals), or provide a tailored one depending on your client’s needs.
Underwriting Notes and Minimum Premiums
There is no specified minimum premium. Each submission is evaluated based on risk characteristics, claims history, and financial condition. The underwriting team applies focused criteria to assess each account’s eligibility and pricing, particularly for distressed or non-standard applicants.
Territories and Availability
This program is available nationwide, including all 50 states and the District of Columbia:
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, WY.
Please note: Coverage is written on a non-admitted basis through various carriers.
Why Work With Preferred Concepts LLC
Preferred Concepts LLC connects agents and brokers with specialized programs through top-tier wholesale markets. By offering access to Mercator Risk Services, they deliver tailored solutions for complex medical risks. Whether you’re trying to place a podiatrist with a claim history or a unique medical facility outside of standard appetite, Preferred Concepts helps you find a path forward with expert support and responsive service.
To learn more or to discuss a specific account, please call (860) 527-9717 or email [email protected]. Additional resources, product details, and applications are available at www.mercatorpro.com.