Refers to customized insurance protection created to address specific, uncommon, or high-risk exposures that fall outside the scope of standard personal or commercial policies.

This type of coverage is commonly used by businesses professionals and niche industries.

Common Types of Specialty Insurance:

1. Professional Indemnity Insurance – For professionals such as doctors, lawyers,
engineers, consultants etc.
2. Directors & Officers (D&O) Liability Insurance – Protects company directors and senior
management.
3. Marine Insurance – Cargo, hull, freight and liability.
4. Aviation Insurance – Aircraft and aviation-related liabilities.
5. Energy & Oil/Gas Insurance
6. Cyber Insurance – Data breaches and cyber risks.
7. Political Risk Insurance – Especially relevant in cross-border or emerging markets.
8. Construction and Engineering Insurance – CAR, EAR, machinery breakdown.