special risk insurance
Does your company have individuals working that may have risk factors that are unique ?
Special risk life insurance is a term used in the life insurance industry to describe an individual that may have risk factors that are unique or special and do not coincide with a typical standard risk profile. If an employee has a dangerous occupation, engages in risky hobbies, smokes, has below-average health and/or an underlying health condition. A optional insurance policy that is non-traditional or unusual because the employee is more exposed to certain risks.
Another example of Special Risk Company Coverage
Special risk option to provide coverage for employees participating in sponsored sporting activities or group events. Non-traditional activities that may have unusual risks due to the dangerous nature.