What type of insurance products do wholesale insurance brokers typically provide?

Wholesale insurance brokers typically provide specialized insurance products. These brokers act as intermediaries between retail agents and insurance carriers, often focusing on niche markets or unusual risks that standard insurers may not cover effectively. This specialization allows them to develop and offer unique policies tailored to specific needs, which can include high-risk sectors or emerging industries.

In contrast, standard coverage plans are generally offered by retail insurance agents, who provide access to more common insurance options available to the general public. Retail products tend to cover typical risks and are structured for broader consumer appeal. Government-insured products also fall outside the realm of wholesale brokers, as these are often directly managed and provided by governmental entities and are not typically within the wholesale broker's purview. By focusing on specialized products, wholesale brokers serve a critical role in addressing complex and unique insurance requirements that standard products cannot meet.