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Consultants Professional Liability Program from Preferred Concepts LLC Preferred Concepts LLC, through its partnership with Mercator Risk Services, offers a specialized Professional Liability program tailored for consultants and consulting firms. Whether your client is a solo consultant or a larger firm with a niche specialty, this program is designed to provide flexible, comprehensive coverage—even for harder-to-place accounts. Ideal Accounts and Target Consulting Classes This program accommodates a broad range of consulting disciplines, including both traditional and non-traditional areas. Common types of consultants eligible for coverage include: Management Consultants Marketing Consultants Computer/Systems Consultants Environmental Consultants Safety Consultants Medical Consultants Engineering Consultants Mercator Risk Services has also successfully placed coverage for more unusual or niche consulting operations, including: Wine Consultants Avalanche Control Consultants Sports Marketing Consultants Nuclear Power Plant Consultants Zoo Consultants Playground Consultants If your client provides specialized advice or services in a unique industry, this program could be a great fit—even if they’ve been declined elsewhere. Coverage Highlights and Advantages This Professional Liability program is built to address the specific risks consultants face, such as claims arising from alleged errors, omissions, or negligence in their professional services. Key features include: Flexible limits and deductible options Access to multiple carriers for competitive placement Coverage available for both individual consultants and multi-person firms Solutions for new ventures and established businesses Coverage is offered on a non-admitted basis, allowing for customized solutions that might not be available in the admitted market. Underwriting Approach and Submission Tips Mercator Risk Services is known for its ability to underwrite challenging or distressed accounts. If you have a consultant client with prior claims, unusual exposures, or a unique business model, this program can still be a viable option. Submissions should include a completed application and full details of services offered, claims history, and risk controls in place. Territories and Availability This program is available in all 50 states and the District of Columbia, including 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, and WY. Why Work with Preferred Concepts LLC Preferred Concepts LLC, through Mercator Risk Services, brings deep expertise in professional liability for consultants. They’ve built a reputation for delivering responsive service and creative underwriting solutions. With access to a variety of carriers, they can tailor coverage to fit both standard and unusual consulting risks. Whether you're working with a traditional management consultant or a one-of-a-kind specialty adviser, this program can help you deliver the right protection for your client. For more information, please call (860) 527-9717 or send an email to [email protected]. Additional resources, including applications and product information, are available at www.mercatorpro.com. Frequently Asked Questions What types of consultant accounts are eligible for this program?The program covers a wide range of consulting fields, including management, marketing, IT, environmental, and even niche specialties like wine or zoo consultants. Can I submit accounts that have prior claims or are hard to place?Yes, Mercator Risk Services specializes in hard-to-place and distressed risks. They welcome submissions for accounts that may not qualify elsewhere. What states is this program available in?The program is available in all 50 states and the District of Columbia. Is this coverage admitted or non-admitted?This is a non-admitted program, allowing for greater flexibility in crafting coverage for unique or complex risks. What information is needed to get a quote?Submit a completed application along with service descriptions, loss history, and any relevant risk management details to begin the quoting process. Need help placing an account? Connect with a market specialist.

Professional Liability Coverage for Investment Brokers and Dealers Preferred Concepts LLC, through Mercator Risk Services, offers tailored professional liability solutions for a wide range of investment professionals. This program is specifically designed to address the complex risk exposures faced by Registered Investment Advisors (RIAs), Broker/Dealers, consultants, hedge fund managers, private equity firms, and other investment-related entities. With access to various carriers and specialized underwriting expertise, Mercator helps agents and brokers place both standard and hard-to-place accounts nationwide. Ideal Accounts and Appetite This program is best suited for: Registered Investment Advisors (RIAs) Broker/Dealers Private Equity and Venture Capital Funds Hedge Fund Managers Investment Consultants Trusts, Distributors, and Administrators Mercator Risk Services also has the capability to handle distressed, financially impaired, and claims-prone accounts. If you have clients with prior claims or complex operations, this program can offer solutions where standard markets may fall short. Coverage Highlights and Risk Management Value Investment professionals face significant E&O exposures, primarily from dissatisfied investors alleging mismanagement, administrative errors, or investment underperformance. Claims often arise from: Failure to follow investment plans or strategies Negligence or misrepresentation Operational or administrative mistakes Regulatory investigations and compliance failures Defense costs and reputational harm can be substantial. This program provides access to professional liability coverage designed to safeguard against both the frequency and severity of these claims. The focus is on protecting your client’s assets, reputation, and ability to operate effectively. Underwriting Notes and Application Process Mercator can typically begin the underwriting process using an existing application (excluding renewals) or provide a specialized application tailored to your client’s unique needs. Accounts with prior loss history or financial difficulties are not automatically excluded—Mercator specializes in evaluating and placing challenging risks. States Where Coverage Is Available This non-admitted program is available in all 50 states, including DC. Whether your client is located in California, New York, Texas, Florida, or any other state, Mercator Risk Services can help you secure the right coverage. Why Work With Preferred Concepts and Mercator Risk Services? Mercator Risk Services, offered through Preferred Concepts LLC, brings deep expertise in professional liability for investment-centric organizations. As a wholesale broker with broad market access, they offer flexible solutions, quick turnaround, and expert guidance on complex financial service accounts. You might have a client who is launching a new hedge fund or managing a small RIA firm that recently faced a legal challenge. These are the types of accounts Mercator can confidently assess and help you place—whether they’re clean risks or distressed operations. To learn more or to discuss a specific risk, contact Mercator Risk Services at (860) 527-9717 or email [email protected]. Additional resources and applications are available at www.mercatorpro.com. Frequently Asked Questions What types of accounts are a good fit for this program?This program is ideal for RIAs, broker/dealers, hedge funds, private equity funds, and other investment professionals—including those with prior claims or unique risk profiles. Can you place accounts with a history of claims or financial distress?Yes. Mercator Risk Services specializes in hard-to-place and distressed accounts, including those with claims history or financial impairment. Is this program available in all states?Yes, this non-admitted program is available nationwide, including all 50 states and the District of Columbia. What information is needed to start the underwriting process?Mercator can typically use an existing E&O application (except for renewals) or provide a custom application tailored for your client’s operations. What are the main risks covered under this professional liability program?The program protects against investor lawsuits, regulatory actions, administrative errors, and other professional liability exposures common to investment firms. Need help placing an account? Connect with a market specialist.

Overview of the Program from Preferred Concepts LLC Preferred Concepts LLC places professional liability coverage for private equity and hedge fund managers through Mercator Risk Services and a panel of specialty carriers. This program is designed for investment managers who need errors & omissions (E&O) and management liability protection for claims arising from fiduciary duties, alleged misrepresentation, administrative errors, performance disputes and related litigation expenses. Defense costs are frequently a large portion of total loss for investment professionals; this program emphasizes defense-cost coverage and market access for difficult placements. Ideal Accounts and Appetite Private equity fund managers, general partners and fund sponsors Hedge fund managers and commodity trading advisors with pooled investment vehicles Managers with institutional and high-net-worth investors, family offices, or feeder funds Distressed, hard-to-place or financially challenged accounts, including those with prior claims (underwriting review required) Generally fits managers with clearly documented investment guidelines and governance practices. Strategies with extreme leverage, significant regulatory enforcement history, or material undisclosed conflicts will require additional underwriting and may be excluded. Coverage Highlights and Advantages E&O / Professional Liability coverage tailored to investment management activities Emphasis on defense costs and management time expenses associated with investor disputes and litigation Capacity to handle allegations arising from poor performance, deviation from mandate, misrepresentation or failure to disclose Access to multiple carriers — suitable for both standard and hard-to-place accounts Experienced underwriting that understands how claims are often structured by plaintiffs and how to respond Underwriting Notes and Applications Preferred Concepts LLC and Mercator Risk Services can usually work from an application you already have on file (other than a renewal), or they can supply a specialized application for the account. Provide complete information on strategy, fund structure, investor profile, prior claims, and controls to speed placement. The program will consider accounts with prior claims or financial impairment on a case-by-case basis; full disclosure at submission produces faster, more competitive quotes. Territories and Availability This program is available through wholesale broker placement 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, DC, WV, WI, WY. Multiple carrier options include admitted and non-admitted markets; please confirm availability for your state and account characteristics at submission. Why Work with Preferred Concepts LLC on This Business Preferred Concepts LLC leverages Mercator Risk Services' specialty underwriting expertise and placement relationships to provide agents with practical solutions for investment-manager liability. The program helps you place accounts that may be hard to place elsewhere, offers flexibility on applications, and focuses on minimizing management disruption and litigation exposure for your clients. For carrier access and submission guidance, use the Mercator contact information in the application materials (phone and email provided in the program literature). Example Accounts That Fit This Program You have a mid-sized private equity sponsor with several portfolio companies and institutional limited partners seeking primary E&O limits and defense-cost coverage following a recent valuation dispute. You represent a small hedge fund employing a quantitative strategy whose investor has alleged breach of mandate; the fund needs professional liability protection and a market that understands model risk disputes. Additional Submission Details When submitting, include a current application, fund offering documents, SOPs for trading and valuation, a claims history report, and biographies of key investment personnel. Clear documentation of investment mandates and disclosure practices improves placement prospects and pricing. Frequently Asked Questions What types of accounts are a good fit for the Private Equity and Hedge Funds program?Managers of private equity funds, hedge funds, and pooled investment vehicles with documented investment mandates and governance controls are the primary fit. The program also considers hard-to-place or distressed accounts, subject to underwriting review. How do I start a submission through Preferred Concepts LLC?Provide a completed application (or ask for the specialized Mercator application), fund documents, key personnel bios, and claims history. Full disclosure of strategy, investor profile and any prior claims will speed underwriting and improve quote accuracy. Can this program handle accounts with prior claims or financial impairment?Yes. Preferred Concepts LLC and Mercator Risk Services routinely evaluate accounts with prior claims or financial issues. These accounts are handled on a case-by-case basis and typically require more detailed submission materials. Are admitted markets available in all states?The program accesses a mix of admitted and non-admitted carriers. Availability varies by state and account characteristics, so confirm admitted status and carrier options at the time of submission. Need help placing an account? Connect with a market specialist.