What is e&s insurance?

E&S Insurance, also known as excess and surplus lines insurance, is a type of coverage that is designed for unique or high-risk situations. These policies provide coverage for risks that are not typically covered by standard insurance policies. E&S insurance is often used for hard-to-place risks, such as properties with a history of losses, high-risk businesses, or unique property types.

E&S insurance is provided by specialty insurers who have the expertise and resources to underwrite and evaluate these types of risks. These insurers are not subject to the same regulations as standard insurance companies, which allows them to offer customized coverage solutions for non-traditional risks.

Because E&S insurance is not subject to standard regulatory requirements, it can be more expensive than traditional insurance. However, it provides essential coverage for businesses and individuals who have unique or high-risk exposures that cannot be covered by standard insurance policies. E&S insurance is often used as a last resort for hard-to-place risks when traditional insurers are not able to provide coverage.