Niche Insurance

Niche Insurance

Niche Insurance is insurance that is provided for small, low-demand areas. Insurance is vital to protect the potential financial losses of individuals and businesses. Although the policies that are usually required are easily available, such as automobile, home, life, travel, and business insurance, other forms of cover can be very difficult to obtain.

Examples are:

  • Drivers with convictions
  • Home owners who have previously made a large claim
  • Professions which are unusual (Piano Tuners) or high risk (Scaffolders).
  • Temporary event Insurance (Fêtes, Live Music Events)

In these circumstances, a specialist insurer is required for these niche areas. The specialist may have expert knowledge of the particular risk or can provide policies which have been tailored to fit the need. Often, approaching others with similar circumstances in internet forums, associations or competitors in the same trade can help track down these niche products.



Wikimedia Foundation. 2010.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Niche Banks — Banks that cater to and serve the needs of a certain demographic segment of the population. Niche banks typically target a specific market or type of customer, and tailor a bank s advertising, product mix and operations to this target market s… …   Investment dictionary

  • Online insurance — refers to the buying and selling of insurance online. Insurance is subject to the principle of utmost good faith, which makes it convenient for people to conduct the business online, as both the parties have absolute duties to disclose all… …   Wikipedia

  • Combined Insurance — Contents 1 Combined Insurance 2 History 3 Business 4 Notes Combined Insurance …   Wikipedia

  • Life insurance — The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value. F. C. Oviatt, Economic place of insurance and its relation to society[1] Life insurance is a… …   Wikipedia

  • Critical illness insurance — or critical illness cover is an insurance product, where the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the critical illnesses listed in the insurance policy. The policy may also… …   Wikipedia

  • Mercury Insurance Group — Type public (NYSE: MCY) Industry Insurance …   Wikipedia

  • ChoiceQuote Insurance Services — Type Limited Company Industry Finance and Insurance Founded 1995 Headquarters Liverpool, United Kingdom Key people Cathie Bruce …   Wikipedia

  • Camberford Law — established in 1958 is a Lloyd s listed broker, an independent financial adviser and underwriting agent. It has developed niche insurance expertise in the private security and cleaning industry sectors. Mohamed Iltaf Sheikh is Chairman of the… …   Wikipedia

  • Business and Industry Review — ▪ 1999 Introduction Overview        Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… …   Universalium

  • USAA — Infobox Company company name = United Services Automobile Association company type = Reciprocal company foundation = 1922 location = San Antonio, Texas, USA key people = John H. Moellering, Chairman Josue Robles, Jr, President and Chief Executive …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”