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What is an example of a specialist risk?

Insuranceopedia Explains Special Risk Insurance A professional boxer, for example, is likely to suffer bodily damage sooner and more frequently than an office worker. While traditional life or health insurance will be suitable for the latter, the boxer will require a special risk insurance. What is Special Risk Insurance? - Definition from Insuranceopedia insuranceopedia.com definition special-r insuranceopedia.com definition special-r

What is an example of a special risk policy?

Examples of these are environmental liability, cyber risks, and title insurance. While these risk-specific policies generally are more expensive than traditional insurance policies, they can be used to fill coverage gaps in an insureds insurance portfolio.

What is specific risk in insurance?

To an investor, specific risk is a hazard that applies only to a particular company, industry, or sector. It is the opposite of overall market risk or systematic risk. Specific risk is also referred to as unsystematic risk or diversifiable risk.

What is an example of special risk insurance?

Special risk policies differ from limited risk policies to the extent that they provide coverage for unusual hazards not normally covered in other policies such as a dancer insuring her legs, a football player insuring his knees, or a race car driver insuring his life only during the time he races. 15.2 Limited Risk Policies vs. Special Risk Policies uceusa.com courses content page439 uceusa.com courses content page439

What is special risk insurance?

What Does Special Risk Insurance Mean? Special risk insurance refers to an insurance policy that is non-traditional or unusual because the person or entity insured is more exposed to certain risks. These unusual risks might be attributed to the dangerous nature of the insureds profession or industry.

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