Trustees

Trustee Liability Insurance Program from Preferred Concepts LLC

Mercator Risk Services, a division of Preferred Concepts LLC, places specialized trustee liability insurance for a wide range of trusts, trustees, and family offices. This niche coverage protects individuals and entities that manage trusts—especially those holding complex or illiquid assets such as real estate or family-owned businesses.

This hard-to-find protection is a useful tool for retail agents and wholesale brokers working with high-net-worth clients, estate attorneys, family offices, or financial advisors. Whether the trustee is an individual, a corporate fiduciary, or part of a family office, Mercator structures tailored solutions to address trust-specific legal and financial exposures.

Ideal Accounts and Appetite

This program is a good fit for:

• Individual trustees managing family trusts or estates
• Corporate trustees or co-trustees
• Family offices overseeing multi-generational wealth
• Trusts with complex asset mixes, including illiquid assets and real estate
• Accounts involving estate planning professionals or fiduciaries

Mercator understands the long-term and often unique exposures created by family trusts—varying beneficiary needs, legacy businesses, and illiquid holdings—that standard liability policies may not adequately address.

Coverage Highlights and Advantages

Available coverages and options include:

• Defense costs and indemnity for claims arising from trustee duties
• Protection for alleged mismanagement or breach of fiduciary duty
• Bundled solutions for family office liability, D&O for operating companies, fiduciary liability, EPLI, and investment-advisor professional liability
• Solutions designed for hard-to-place and financially distressed accounts

Coverage can be customized to reflect the trust’s asset mix, governance structure, and the trustee’s specific exposures.

Underwriting Notes

Mercator is flexible on submissions. They accept most standard applications (excluding renewals) or can provide a specialized trustee application when needed. Accounts with prior claims, financial impairment, or other complicating factors are considered—submissions will be evaluated on a case-by-case basis.

Territories and Availability

The program is available nationwide, including all 50 states and Washington, D.C. Coverage is placed on a non-admitted basis through various carriers to provide flexibility for unique trust structures and jurisdictional requirements.

Why Work With Preferred Concepts LLC

Mercator Risk Services brings deep expertise in professional and specialty liability lines, with a focus on hard-to-place and nuanced trustee risks. Agents benefit from experienced underwriting, access to markets that understand fiduciary exposures, and practical placement support.

Example scenarios you might place through this program

• You have a client who serves as an individual trustee for a family trust that owns rental real estate and a minority stake in a closely held business—Mercator can tailor limits and coverage to address fiduciary exposure tied to those assets.
• An estate planning attorney refers a family office with multi-generational holdings and prior governance disputes—Mercator will consider customized protection including fiduciary liability and D&O components.

For more information, call (860) 527-9717 or e-mail [email protected]. You can also visit their website at www.mercatorpro.com for applications and additional details.

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