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.