What does Special Risks mean? Read on to discover the definition & meaning of the term Special Risks - to help you better understand the language used in insurance policies.
A term used to denote those accounts whose premium size, unique exposures, or other characteristics are such that they require specialized handling by an underwriting operation specifically set up for that purpose. What constitutes a "special risk" varies by insurer.
We hope the you have a better understanding of the meaning of Special Risks.