Mercator Risk Services, offered through Preferred Concepts LLC, places Medical Professional Liability coverage for hard-to-place physicians and surgeons, miscellaneous medical service providers, and managed care accounts. As managed care, regulation, and economic pressures push some providers outside standard markets, Mercator specializes in securing solutions for those difficult risks. Agents and brokers can use this program to pursue coverage for clients who have been declined by traditional carriers or who have unusual practice characteristics.
Ideal Accounts and Appetite
This program is built for physicians and medical professionals who do not fit standard markets. Typical target risks include:
- Physicians with a history of multiple or significant claims
- Providers offering temporary, locum tenens, or per-diem services
- Professionals with foreign training or extended international experience
- Practitioners involved in experimental, non-traditional, or evolving treatment models
- Online medical consultants and telehealth providers
- Physicians doing consulting work outside their primary practice
- Specialty or multi-disciplinary medical groups with complex exposures
If your client has been declined by admitted carriers or has atypical operations, this program may provide a viable placement path.
Coverage Highlights and Advantages
Mercator Risk Services works with multiple carriers to craft policies that reflect each client's exposures. Core coverages and program advantages include:
- Medical Professional Liability (malpractice) tailored to difficult risks
- Errors & Omissions (E&O) liability where applicable
- Flexible limits and terms based on underwriting review
- Access to markets experienced with distressed or non-standard accounts
Underwriters consider the full practice profile—specialty, claims history, practice setting, and non-traditional services—when structuring coverage.
Underwriting Notes and Minimum Premiums
The program is non-admitted and underwriting is selective. Submissions that include a complete application, current declarations, detailed claims history, and practice information move through the process faster. Most new applications (other than renewals) are accepted to start underwriting; a specialized application is available on request.
Minimum premiums vary by class and risk characteristics and reflect the complexity of placing hard-to-place accounts in today’s market. Expect tighter underwriting criteria and policy terms consistent with a hard market.
Territories and Availability
This program is available on a non-admitted basis in all 50 states and the District of Columbia, including 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, and WY.
Why Work With Preferred Concepts and Mercator Risk Services
Preferred Concepts LLC, through its relationship with Mercator Risk Services, gives agents access to specialized underwriting and multiple carrier options for difficult medical professional liability risks. Mercator’s team focuses on distressed and non-standard accounts and provides responsive support throughout placement.
Contact Mercator Risk Services at (860) 527-9717 or [email protected] to discuss a specific submission. Additional product information and application forms are available at www.mercatorpro.com.