Admitted Carriers vs Non-Admitted Carriers - Understanding The Difference

Unfortunately, sometimes it is not a matter of choice, but the only option. There are certain characteristics of a risk that make it uninsurable with a standard carrier, i.e. claims, lapse in coverage, proximity to water, business type. As most people and companies are not in a position to self-insure their assets, they must turn to a non-admitted carrier, such as a Lloyd's London policy.

Below are some of the difference between an admitted company and non-admitted company.