CandleFocus

Wholesale Insurance

Candlefocus Editor

Wholesale insurance is an important type of insurance coverage that protects employers and their employees from the financial burden that comes with the unexpected. Wholesale insurance refers to coverage for employer groups that are too small to qualify for true group insurance coverage. Often, companies and employers with fewer than 10 employees might not be able to obtain traditional group insurance, which is why wholesale insurance is a great option.

Wholesale insurance plans are usually sold as individual policies, but they typically offer the same coverage as a traditional group plan. This means that employers can purchase large blocks of coverage quickly and get the safety and security they need with much less hassle.

One of the key features of wholesale insurance is that it typically comes from non-admitted carriers. These are also known as surplus line or excess line carriers. Non-admitted carriers are independent companies that don’t have to adhere to the same regulations as admitted carriers, making it easier to customize policies and offer more tailored coverages.

Wholesale insurance offers a unique and affordable form of coverage for small business employers to prevent financial burden and stress. Non-admitted carriers are also able to customize policies for a more personal approach. All of these benefits combined make it an excellent option for employers not able to access traditional group coverage.

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