Excess & Surplus Lines Insurance

Excess & surplus (E&S) lines insurance can cover businesses with specialized, complex, unique risks or with high risk. These types of coverage are not provided through standard markets and are usually obtained from an insurer that is not licensed in your state.

Standard insurance carriers/admitted insurers are regulated by each state’s Department of Insurance (DOI) and thereby limit their rates and coverage. Excess and surplus lines insurance companies/non-admitted insurers are regulated by the market they are domiciled in but usually not by the market in which the client resides.

Keen Coverage LLC took the extra step in order to get licensed to access these markets in order to help our clients in all situations. We are able to help our clients who are facing these ever-evolving, hard-to-place risks. A key consideration for our clients is that these policies won’t be backed by your state’s guaranty fund that pays claims on policyholders if an insurer is insolvent or goes out of business.

Creating a risk management plan can include a combination of admitted policies with non-admitted policies. Being able to combine both types of policies will help reduce costs while also providing adequate coverage.

executive liability insurance keller

Working with Keen Coverage LLC gets you access to insurance companies globally. The most popular international insurance marketplace is Lloyd’s and the London Market. The insurance and reinsurance transactions at Lloyd’s is primarily for large, specialized risks which most insurance carriers are unable to cover.

Excess & surplus (E&S) Coverage:
Environmental Insurance
Inland Marine Insurance
Property Insurance
Product Recall Insurance
Financial Lines Insurance
Casualty Insurance
Surplus line insurance coverage examples:
Home built on the side of a steep bank
Extremely old home
Very expensive race horse
Rare art or antique collection
Business with great operational risks

Keen Coverage

It is our job to shop multiple insurers on your behalf. We will invest the time to get to know you and your family’s background so that we can offer a full insurance plan.  This includes health, life insurance, long term care, disability, business, and surety policies.