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...tion as an employee benefit. Corporate Coverage – Addresses the business’s...-party liability from data breaches?Corporate liability coverage for third-party claims due to identity theft is available on a limited basis an...

Lawyers Professional Liability Coverage by Preferred Concepts LLC Mercator Risk Services, a division of Preferred Concepts LLC, offers a robust Lawyers Professional Liability (LPL) insurance solution for firms of all sizes — from solo attorneys to practices with 50+ lawyers. Whether your client is a new solo practitioner or a long-established firm with complex exposures, this program provides flexible options for primary, excess, or hard-to-place risks. In today’s legal environment, law firms are increasingly vulnerable to client claims stemming from unrealistic expectations, frivolous lawsuits, or genuine errors. Professional liability insurance is essential protection, and Mercator Risk Services specializes in finding tailored coverage for even the most challenging LPL accounts. Ideal Accounts and Appetite This program is designed for a wide range of legal practices, including those that may be considered difficult to place. Ideal accounts include: High-exposure firms with a concentration in securities or real estate development Newly licensed attorneys starting their own practices Firms undergoing structural changes such as mergers, expansions, or dissolutions Practices with prior claims, disciplinary actions, or loss experience Mercator also specializes in coverage for distressed legal professionals such as: 100% plaintiff’s firms Patent and copyright attorneys Sole practitioners in high-risk areas Firms with significant claims history Coverage Highlights and Advantages Mercator Risk Services works with a variety of carriers to offer flexible and competitive LPL solutions. Coverage is available on a non-admitted basis and can be structured as primary, excess, or tailored for hard-to-place risks. The team can begin evaluating a case using nearly any standard application (excluding renewal applications), or you can request a specialized form for your client’s unique situation. You might have a client who recently left a large firm to start a solo practice — a great fit for this program. Or perhaps you're working with a small firm that’s had prior claims and is struggling to find coverage. Mercator is equipped to help you navigate these placements. Underwriting Notes The LPL market is evolving. While it remains competitive, many underwriters are tightening standards, increasing rates, and non-renewing underperforming books. Mercator’s underwriting team is experienced in assessing distressed and high-exposure risks, offering a valuable resource for agents seeking to place challenging legal accounts. Territories and Availability This program is available in all 50 states and Washington, DC. Whether your client is in California, New York, Texas, or a smaller jurisdiction, you can access this solution through Mercator Risk Services. Why Work With Preferred Concepts LLC Preferred Concepts LLC, through its Mercator Risk Services division, brings deep expertise in professional liability placements. As a wholesale broker with access to multiple carriers, Mercator provides responsive service, specialized underwriting insight, and creative solutions for complex legal risks. By partnering with Mercator, you gain a reliable resource for placing both standard and hard-to-place lawyers professional liability coverage. For more information, call (860) 527-9717 or email [email protected]. You can also visit their website at www.mercatorpro.com for applications and program details. Frequently Asked Questions What types of legal practices are best suited for this Lawyers Professional Liability program?This program is ideal for a wide range of practices—from solo attorneys to larger firms with up to 50+ lawyers. It’s especially effective for hard-to-place accounts such as firms with securities exposure, prior claims, or those undergoing recent structural changes. Can I submit an existing application to start the underwriting process?Yes, Mercator Risk Services can often begin work using an existing application, as long as it is not a renewal form. A specialized application can also be provided if needed. Is this coverage available in all states?Yes, the Lawyers Professional Liability program is available in all 50 states and Washington, DC. What makes Mercator Risk Services a good partner for placing LPL coverage?Mercator brings deep underwriting expertise and access to multiple carriers. They specialize in hard-to-place and distressed legal risks, offering tailored solutions and responsive service to agents and brokers. Does this program cover newly licensed attorneys or new solo practices?Yes, newly licensed attorneys and solo practices are welcome. The program is designed to accommodate new ventures as well as established firms. Need help placing an account? Connect with a market specialist.

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Employed Lawyers Coverage Through Preferred Concepts LLC Preferred Concepts LLC, in partnership with Mercator Risk Services, offers specialized professional liability coverage tailored for employed lawyers. Unlike private practice attorneys, employed lawyers typically work solely on behalf of their employer, but they are still exposed to legal risks—particularly from third-party claims. As these types of claims continue to rise, having dedicated coverage is critical. Mercator Risk Services provides flexible and comprehensive Employed Lawyers Professional Liability (EPL) solutions for a wide range of businesses and organizations. Whether your client is a corporation, nonprofit, or other entity with in-house legal counsel, this program is designed to help mitigate the unique exposures that come with employing attorneys. Ideal Accounts and Appetite This program is ideal for small to mid-sized organizations that employ one or more in-house attorneys. Examples of good fit accounts include: A nonprofit foundation with a general counsel managing contracts, compliance, and HR matters A regional corporation employing staff attorneys to oversee legal affairs, risk, or regulatory issues Mercator also has the ability to handle more complex or challenging accounts, such as those with prior claims or financial difficulties. If you’re working with a distressed or hard-to-place risk, Preferred Concepts LLC can help you find a home for that business. Coverage Highlights and Advantages Claims-made coverage tailored for employed attorneys Standard limits starting at $1 million for small to mid-size organizations Flexible deductibles based on the size and profile of the insured Coverage available for third-party claims, which represent a growing percentage of legal malpractice claims Access to multiple carriers to help match the right solution to your client’s needs Applications can be initiated with an existing form (excluding renewals), or a customized application can be provided for your client’s specific situation. Underwriting Notes Mercator Risk Services takes a flexible underwriting approach and works with both standard and distressed risks. They can usually begin with a broker’s existing application, saving time and effort in the submission process. Accounts with prior claims history or financial concerns can be considered on a case-by-case basis. Territories and Availability This program is available in all 50 states and the District of Columbia. Regardless of your client’s location, Preferred Concepts LLC can assist you in placing Employed Lawyers coverage through its wide network of carrier relationships. Why Work With Preferred Concepts LLC? As a leading wholesale broker, Preferred Concepts LLC provides access to Mercator Risk Services—a trusted name in professional liability. You benefit from responsive service, deep underwriting expertise, and the ability to place complex accounts that may not fit standard markets. With access to various carriers and a specialty in hard-to-place legal risks, Preferred Concepts is well-positioned to help you protect your clients with tailored Employed Lawyers coverage. For more information, call (860) 527-9717 or email [email protected]. You can also explore more about the program and access insurance applications at www.mercatorpro.com. Frequently Asked Questions What types of accounts are a good fit for this Employed Lawyers program?This program is ideal for corporations, nonprofits, or other organizations that employ in-house attorneys, especially those with one to several legal professionals on staff. Can you help with accounts that have prior claims or financial challenges?Yes. Mercator Risk Services is experienced in handling hard-to-place and distressed risks, including those with past claims or financial impairments. What coverage limits are available for small to mid-sized organizations?Standard limits typically start at $1 million, with higher limits available depending on the size and risk profile of the insured. Is this coverage available in all states?Yes, the program is available nationwide, including all 50 states and the District of Columbia. What application is needed to get started?Mercator can usually begin with an existing application (excluding renewals), or they can provide a specialized application tailored to the account. Need help placing an account? Connect with a market specialist.

...s for vacant properties—vandalism, theft, weather and deferred maintenance dam...

...s for vacant properties—vandalism, theft, weather and deferred maintenance dam...