Special risk insurance refers to non-traditional or unusual insurance policies designed for individuals or entities exposed to specific risks that fall outside the norm. Here are the key points:

Definition:
Special risk insurance covers risks that are not typically addressed by standard insurance policies.
These unusual risks may arise due to the dangerous nature of the insured’s profession, industry, or specific circumstances.

Examples of Special Risk Insurance:
High-Risk Professions: Individuals in hazardous occupations (e.g., stunt performers, deep-sea divers) may need specialized coverage.
Unique Events: Coverage for one-time events (e.g., film production, concerts, sports tournaments) with specific risks.
Kidnap and Ransom Insurance: Protects against kidnapping, extortion, and ransom demands.
War Risk Insurance: Covers risks related to war or civil unrest.

Why It Differs from Traditional Insurance:
Special risk insurance is tailored to unique situations, whereas traditional insurance covers common risks.
It often involves higher premiums due to the increased exposure to specific hazards.

Remember, special risk insurance provides customized solutions for exceptional risks, filling gaps that standard policies may not address. If you have more questions or need further details, feel free to ask