Which of the following is an advantage of using a surplus lines broker?

Using a surplus lines broker provides a significant advantage in that they have the ability to place higher risks that are often not covered by standard insurers. This is particularly important for individuals or businesses that present unique risks, such as unusual types of liability or specialized property which traditional carriers may deem too risky to insure. Surplus lines brokers have access to non-admitted markets, which means they can seek out insurance solutions from carriers that are not licensed in the state but are able to underwrite higher-risk items. This flexibility allows businesses with unique or complex insurance needs to find the coverage they require, ensuring adequate protection where standard policies fall short.

In contrast, access to standard insurance options isn't a primary benefit of surplus lines, as these brokers typically deal with unconventional risks. Similarly, while lower premiums could be a possibility depending on the situation, surplus lines coverage often comes at a higher cost due to the increased risks involved. Additionally, claim settlement ratios can vary across all types of insurers and are not inherently better with surplus lines carriers, making it less relevant to the primary advantages offered through their unique market access.