If your client needs insurance through the nonadmitted market, which type of broker should you contact?

When a client requires insurance through the nonadmitted market, the appropriate professional to contact is a wholesale broker. Wholesale brokers specialize in working with nonadmitted carriers, which are insurance companies not licensed to operate in a particular state. These brokers have the expertise and resources to navigate the complexities of the nonadmitted market, helping clients who may have unique or high-risk needs that cannot be met by standard admitted insurers.

Wholesale brokers act as intermediaries between retail agents (or producers) and the insurance carriers. They provide access to specialized coverage options that are not available through traditional channels, allowing them to find tailored solutions for clients who may not fit the underwriting guidelines of the admitted market. This specific function underscores why a wholesale broker is the right choice for this situation.