For insurance buyers, insurance agents and insurance wholesalers!For insurance buyers, insurance agents and insurance wholesalers!
Preferred Concepts LLC
Contact Us
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Preferred Concepts LLC
Contact Us
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eCommerce Professionals

Mercator Risk Services can provide you with e-commerce coverage for your growing internet and technology companies, and for traditional companies executing an e-commerce strategy.
 
E-commerce coverage is complex and expensive. While specific policy forms vary for this new and evolving coverage, the form typically provides a package of coverages for Cyber Risks including both first party and third party coverages. In some cases, risk management is a critical component of the coverage package.
 
Coverage can be provided for virtually any company involved in e-commerce or the Internet, although providing this coverage to financial institutions is quite difficult. Significant capacity is available, with limits of up to $50 million noted by some insurers. Minimum premiums can run as high as $25,000, but will probably be reduced as the product evolves.
 
The following are examples of what might be covered in an e-commerce policy:
  • Fraudulent and malicious acts committed by either employees or third parties against the insured's computer systems
  • Computer virus attacks which hinder or even close down the operations of the insured
  • Accidental alteration or destruction to electronic information and records
  • Loss of Intellectual Property when trade secrets are copied or recorded
  • Extortion
  • Business interruption & extra expense caused by a computer virus or other malicious acts
  • Accidental or malicious destruction of electronic information
  • Costs to mitigate a covered loss
  • Multimedia liability such as libel, slander, invasion of privacy, infringement of copyright, plagiarism and false advertising.
  • Liability for damage to a third party's computer system
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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