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Overview of the Investment & Financial Related Program from Preferred Concepts LLC Preferred Concepts LLC offers access to a broad suite of markets for financial services and investment-related professional liability through its Investment & Financial Related program. The program is positioned for independent agents and brokers who need flexible market options for investment advisers, brokers/dealers, trustees, family offices, hedge funds and a wide variety of other financial services firms. Preferred Concepts leverages specialty markets that handle both routine and hard-to-place accounts, and can help you identify the right carrier fit for your client’s exposures. Investment-related and Financial Services Classes Target classes accepted through this program include: Investment Advisors Mutual Funds Trustee Liability / Trusts Hedge Funds Family Offices Partnerships Brokers / Dealers Other financial services and professional classes commonly placed include: Insurance Companies Insurance Agents / Brokers Accountants Actuaries Financial Consultants Collection Agencies / Credit Bureaus Premium Finance Companies Third-Party Administrators (TPAs) Coverage Highlights and Advantages Access to multiple specialty carriers and underwriting partners to place professional liability and related specialty lines for financial services clients. Ability to submit straightforward risks as well as more complex, higher-exposure or non-standard accounts that need a tailored underwriting approach. Underwriting teams experienced with fiduciary, trustee and investment advisor exposures — useful for claims-sensitive or regulatory-facing accounts. Support for agents on submission strategy, risk presentation and locating appetite across markets described as “Various carriers available.” Ideal Accounts and Appetite This program fits a broad range of financial services firms. Typical good fits include: Registered investment advisors and family offices seeking professional liability/Errors & Omissions protection. Trusts and trustees requiring trustee liability coverage for fiduciary exposures. Small to mid-size brokers/dealers and hedge funds where specialty carriers can be matched to specific exposures. Service providers to the investment community such as accountants, actuaries, TPAs and consultants. Hard to Place: The program also welcomes inquiries on hard-to-place, distressed or unusual accounts — share the specifics of the risk and the underwriting team will evaluate markets that may consider those placements. Underwriting Notes and Submission Expectations Underwriting is handled on a case-by-case basis. Common submission items underwriting will request include a completed application, a detailed risk narrative, current policies and loss runs, and pertinent financial or regulatory documents. Carrier appetite and terms vary by class, prior loss history and state jurisdiction. Preferred Concepts works to match submissions to appropriate carriers; if you have an out-of-the-ordinary account, include as much detail as possible upfront to speed review. Territories and Availability Markets are available in the following jurisdictions: 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. Availability and specific carrier participation may differ by state. Why Work With Preferred Concepts LLC on Investment & Financial Risks Specialty market access and underwriting relationships for financial services professional liability. Experience placing both standard and complex/hard-to-place financial accounts. Personalized submission guidance to present the account effectively and reduce turnaround time. Direct market contacts—reach out for guidance on carrier appetite and placement options. For more information, please call (860) 527-9717 or send an e-mail to [email protected]. You can get additional information on products, applications, and Specialty Lines insurance on the market’s website at www.mercatorpro.com. Frequently Asked Questions What types of accounts are a good fit for this program?The program is designed for a wide range of financial services firms including investment advisers, mutual funds, trustees/trusts, hedge funds, family offices, brokers/dealers and related professional service firms such as accountants and TPAs. If the account has professional liability or fiduciary exposures, it is likely worth a submission. Can Preferred Concepts place hard-to-place or distressed financial accounts?Yes. The program works with markets that handle hard-to-place, distressed and unusual accounts. Each submission is evaluated individually, so provide a complete risk narrative and loss history to allow underwriters to assess market options. What materials should I include with a submission?Typical items include a completed application, current policy information, loss runs, a narrative describing the operations and exposures, and any relevant financial or regulatory documentation. More complex or larger accounts may require additional underwriting materials. Are these markets available in my state?Markets are available in the states listed on the storefront. Carrier participation and admitted vs. non-admitted placement options vary by state and class — contact the program underwriters to confirm availability and placement strategy for your client’s jurisdiction. Need help placing an account? Connect with a market specialist.