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Overview — Consultants Program from Preferred Concepts LLC Preferred Concepts LLC offers a Consultants program that helps independent agents place professional liability for a wide range of consulting firms. For underwriting and proposal support, the program leverages resources from Mercator Risk Services, which has experience writing consulting accounts in specialties such as: Marketing Environmental Avalanche control Nuclear power plant consulting Safety consulting Management consulting Medical consulting Many consulting firms assume they are covered by a General Liability policy for professional exposures; however, tightening contractual requirements and increasing client expectations are driving demand for explicit Professional Liability (Errors & Omissions) coverage. Preferred Concepts LLC’s Consultants program is designed to help you place that coverage, including difficult or nonstandard risks. Ideal Accounts and Appetite Small to mid-size consulting firms in the listed specialties Independent consultants and small consulting firms with limited staff Accounts with contract-driven insurance requirements (project-specific or client-mandated limits) Hard-to-place or distressed accounts — including risks with prior claims or financial stress Typical accounts that fit the program are firms whose duty is to advise, design, assess, or certify (rather than perform construction or manufacturing). Accounts with significant performance guarantees, statutory exposure, or ongoing operations that include high-hazard fieldwork may require specialized underwriting review. Coverage Highlights and Advantages Professional Liability (E&O) capacity through various carriers available via the wholesale broker platform Ability to handle standard, hard-to-place, distressed and unusual accounts — including those with prior claims Flexibility to work from an agent’s application or from a specialized application when required Support with proposals and placement strategies from experienced underwriters/partners Underwriting Notes and Submissions Preferred Concepts LLC can usually work from the agent’s own application (except renewals), or provide a specialized application when needed. Be prepared to include: Scope of services and contract language Revenue breakdown by service and by location Claims history and prior acts information Any risk management procedures, certifications, or client requirements Because the program accepts hard-to-place situations, disclose any prior claims, regulatory matters, or financial impairment up front to speed placement and find appropriate markets. Territories and Availability This program is 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. Why Work with Preferred Concepts LLC on Consultants Business Wholesale broker access to multiple carriers and specialty capacity Experience placing both routine and hard-to-place consulting risks Practical underwriting guidance to help you meet client contract requirements Responsive submission handling and use of agent applications to minimize duplication If you have a client who provides professional advice and faces contractually required limits or a history that has made placement difficult, this program can help you obtain professional liability coverage and market options. Hard to Place: The program also handles hard-to-place, distressed and unusual accounts, such as accounts with claims or financially impaired accounts. Let us know about your clients’ needs and Preferred Concepts LLC will work with our underwriting partners to provide information and assistance for your particular situation or account and your Professional Liability coverage. For more information, please call (860) 527-9717 or send an e-mail to [email protected]. You can get additional information on products, insurance applications, and specialty lines information on the Mercator website at www.mercatorpro.com. Frequently Asked Questions What types of consulting accounts are a good fit for this program?Accounts that primarily provide professional advice, design, or assessment services—such as marketing, environmental, safety, management, and medical consulting—are generally a good fit. The program also considers hard-to-place and previously-claimed accounts on a case-by-case basis. Can I submit using my agency's application?Yes. Preferred Concepts LLC can usually work from your application (other than renewal applications). If needed, a specialized application is available from the underwriting partner. How should I present accounts with prior claims or financial stress?Disclose prior claims, pending matters, and any financial impairments up front. Provide details on claim outcomes, corrective actions taken, and current controls so underwriters can evaluate placement options quickly. Need help placing an account? Connect with a market specialist.