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Understanding Hard-to-Place Risks
In the insurance and risk management sectors, "hard-to-place risks" refer to those clients or situations that do not fit neatly into standard underwriting guidelines due to their complexity, size, or unusual nature. These can include businesses in high-risk industries, properties in disaster-prone areas, or individuals with unique health profiles. Traditionally, these risks are seen as burdensome, with many insurers hesitant to provide coverage due to the perceived high likelihood of claims.