Hard-to-Place Insurance Markets - Where to Send the Tough Risks

Some accounts get declined everywhere: a brand-new restaurant, a contractor with claims, a vacant building. Those are the risks a surplus lines wholesaler writes.

What makes a risk hard to place

• →New ventures with no track record
• →Heavy or recent losses
• →High-hazard work — roofing, demolition, tree service
• →Vacant or distressed property
• →Unusual or emerging classes

Where Baker can help

• ✓670+ classes, including the ones standard carriers avoid
• ✓Specialty programs: abuse & molestation, product recall, kidnap & ransom, habitational, liquor liability
• ✓Bonds — contract, license and permit, and court

How to submit a tough risk

• →Send the application that matches the class, plus loss runs
• →Add a short note on what makes it hard — it helps us target the right market
• →We come back with options, or a clear reason it can't be written

** Terms used here are a summary only. Always refer to the policy form for actual terms, conditions, and exclusions.