surplus lines

**surplus lines**

Surplus lines refer to a segment of the insurance market that provides coverage for risks that standard insurers are unwilling or unable to insure. These policies are typically offered by surplus lines insurers, also known as non-admitted carriers, and are commonly used for unique, high-risk, or hard-to-place exposures. Surplus lines insurance plays a crucial role in helping businesses and individuals obtain necessary protection when traditional insurance options are limited.