Preferred Concepts Company Research Report

Company Overview

• Name: Preferred Concepts, LLC

• Mission: To provide retail agents and brokers with quick access to effective and well-priced insurance solutions through proprietary insurance policies offered via risk purchasing groups (RPGs).

• Founded: 1989

• Founder: Stuart Farber

• Key People:

• Stuart A. Farber, Founder

• Bill Mecklenburg, President

• Francesca D’Angelo, Sr. Executive Vice President

• Michael Ryan, Chief Operating Officer

• Robert Lynch, Senior Vice President, Package and Property

• Lynna Klein, Vice President, General Liability and Umbrella

• Gregory DeVille, Vice President, General Liability and Umbrella

• Katherine Damon, Underwriter Lead, General Liability and Umbrella

• Paulo Aguiar, AVP, Underwriter Lead, General Liability and Umbrella

• Dan Winckoski, Vice President, Sales Executive

• Robert Rodia, Senior Vice President, General Liability and Umbrella

• Robert Kohn, First Vice President, Director of Claims and Risk Management

• Amar Dedhia, Assistant Vice President, HARP Umbrella

• Headquarters: No information is available

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: Providing tailored insurance policies catering to the real estate and hospitality industries. Specializing in General Liability, Property, and High Limit Umbrella Liability policies.

Products

• Program Underwriting:

• Aimed at bringing clients excellent coverage from leading carriers at competitive prices.

• Target Classes: Commercial, Habitational, Hospitality, Multi-Use Schedules.

• HARP by Preferred Concepts:

• Tailored for community, condominium, and homeowners association business.

• Includes coverage such as lead umbrella, Directors & Officers, Crime, and Workers Compensation.

• Real Estate Solutions:

• Offers a variety of insurance solutions addressing all property types from standalone habitational units to large mixed-use properties.

• Categories:

• Commercial: Office buildings, retail, shopping centers, malls, warehouses, light industrial.

• Habitational: Condos, coops, HOAs, apartments, garden apartments.

• Hospitality: Hotels, motels, limited and full services.

• High Limit Umbrella Liability Program:

• Limits up to $140,000,000 with an A++ lead carrier.

• General Liability Program:

• Limits of $1 Million / $2 Million (per location) / $1 Million, with an A++ XV admitted carrier, offering a first-dollar guaranteed cost program with no shared limits and per location aggregates.

• HARP By Preferred Concepts Specifics:

• Umbrella Limits up to $5M.

• Additional coverages include D&O, Crime, and Workers Compensation (both admitted and hard to place).

Recent Developments

• New Product Launches:

• Launched HARP by Preferred Concepts in 2023 to address the needs of community associations nationwide.

• New Features Added:

• No specific new features have been mentioned beyond the launch of new programs.

• Partnerships:

• No new partnerships are mentioned.

Note: The provided data does not offer specific information on the company’s headquarters location, exact number of employees, or precise revenue figures. Any additional information regarding the company’s recent developments outside of what is specified above has not been made available.