Search CompleteMarkets

Overview of the Program from Preferred Concepts LLC Preferred Concepts LLC offers access to a Real Estate Professional Liability program administered by Mercator Risk Services. This program provides tailored professional liability solutions for a wide range of real estate-related professionals and operations. If you place real estate accounts, this market can help you address errors & omissions exposures, reputation risks, and claims arising from professional services and advisory activities. Who this program is designed for Real estate agents and brokers Property managers and condominium associations Escrow and closing agents Licensed appraisers Mortgage brokers and bankers Home inspectors and field investigators Land surveyors Radon and environmental testing professionals Ideal accounts and appetite This program is a good fit for typical small-to-mid-size professional practices and firms that provide real estate-related services. Mercator Risk Services also handles hard-to-place, distressed, and unusual accounts — so you can submit higher-risk files or accounts with prior claims that need a specialist underwriting review. Fits: independent agents, small brokerages, single-location appraisers, local property managers, home inspectors with routine business operations. Consider for harder placements: accounts with prior E&O claims, unusual operations, or elevated exposures — underwriting will evaluate on a case-by-case basis. Typically not a fit: large national brokerages with complex deployment models (submit for review), or operations outside typical professional service exposures without prior conversation with underwriting. Coverage highlights and advantages Professional liability (E&O) coverage for acts, errors, and omissions arising from professional services. Flexible limits and policy structures through access to various carriers. Ability to consider non-standard and higher-risk accounts that many admitted markets decline. Underwriting support from Mercator Risk Services for complex or distressed placements. Underwriting notes and minimums Underwriting decisions are made by Mercator Risk Services with access to multiple carrier partners. Provide detailed applications, loss runs, and any contracts or engagement letters to speed review. Minimum premium and program terms vary by carrier and state — please contact the underwriting team to confirm minimum premiums and available limits for a specific submission. Territories and availability This program is available in the following states: 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, WV, WI, WY. Coverage availability and terms can vary by state and carrier. How to place business and contact Preferred Concepts LLC brokers and agents can submit accounts to Mercator Risk Services for review. For specific submissions, underwriting questions, or placement assistance, call (860) 527-9717 or send an e-mail to [email protected]. You can also review Mercator's product information and applications on their website at www.mercatorpro.com. Why work with Preferred Concepts LLC and Mercator Risk Services on Real Estate Professional Liability Specialized underwriting for real estate-related professional risks. Access to multiple carriers and the ability to consider hard-to-place risks. Responsive support for agents when accounts require explanation or tailored terms. Example accounts that often place well here A single-office residential appraiser with limited prior claims seeking professional liability limits and defense cost coverage. A property management firm with multiple small rental properties and routine tenant disputes looking for an E&O policy that complements their general liability program. Frequently Asked Questions What types of real estate professionals are a good fit for this program?Agents, property managers, escrow agents, appraisers, mortgage brokers, home inspectors, surveyors, and radon testers are common fits. The program also accepts harder-to-place or distressed accounts for underwriting review. What information does underwriting need for a submission?Provide a completed application, current loss runs (if any), a description of operations, standard contracts or engagement letters, and any prior discipline or licensing issues. Detailed files speed the review and improve placement chances. Are prior claims acceptable?Yes — Mercator Risk Services will consider accounts with prior E&O claims. Acceptance depends on the claim history, corrective actions taken, and the nature of the operations; each file is reviewed individually. How quickly can I expect a decision?Turnaround depends on the complexity of the submission and the completeness of documentation. Straightforward accounts may receive quick decisions; complex or high-exposure files require more detailed underwriting and may take longer. Need help placing an account? Connect with a market specialist.