Preferred Concepts Inc., founded in 1989 by Stuart Farber, specializes in offering customized insurance solutions primarily for the real estate and hospitality sectors. The company began its mission by providing proprietary insurance policies through risk purchasing groups (RPGs), enabling clients to benefit from group purchasing discounts and personalized insurance coverage. Over the years, Preferred Concepts has identified the unique needs of these industries and has created tailored insurance products, including Primary General Liability, Property, and High Limit Umbrella Liability policies.
In 2023, Preferred Concepts launched the HARP program, designed specifically to meet the insurance needs of community associations nationwide. This program focuses on delivering highly sophisticated and customized solutions that enhance both business performance and client relationships.
The company's commitment to the real estate marketplace is strong and growing as it continues to adapt and innovate in response to market demands. Preferred Concepts organizes its services around the busy insurance professional, adopting a 'total solutions' approach that provides convenient access to collaborative services and comprehensive solutions. Key offerings include program underwriting tailored for commercial, habitational, and hospitality risks, ensuring that clientele receive excellent coverage from leading carriers at competitive prices.
Additionally, the HARP program caters specifically to community, condominium, and homeowners associations, offering a range of products including lead umbrella, Directors & Officers, Crime, and Workers' Compensation insurance. With a clear focus on customer needs and sophisticated service delivery, Preferred Concepts maintains a reputation as a trusted partner in insurance solutions.
