Niche Insurance is insurance

Insurance

In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...

 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

Vehicle insurance

Vehicle insurance is insurance purchased for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise therefrom...

, home

Home insurance

Home insurance, also commonly called hazard insurance or homeowner's insurance , is the type of property insurance that covers private homes...

, life

Life insurance

Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness may also trigger...

, travel

Travel insurance

Travel insurance is insurance that is intended to cover medical expenses, financial default of travel suppliers, and other losses incurred while traveling, either within one's own country, or internationally...

, and business

Business

A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...

 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
  Scaffolding
  Scaffolding is a temporary structure used to support people and material in the construction or repair of buildings and other large structures. It is usually a modular system of metal pipes or tubes, although it can be from other materials...
  
  ).
• Temporary event Insurance (Fête
  Fête
  Fête is a French word meaning festival, celebration or party, which has passed into English as a label that may be given to certain events.-Description:It is widely used in England and Australia in the context of a village fête,...
  
  s, Live Music Events)

In these circumstances, a specialist insurer is required for these niche

Niche

Niche may refer to:*Niche , an exedra or an apse that has been reduced in size;*Niche , Colombian/Spanish football player, full name Víctor Manuel Micolta Armero*Niche , a British Thoroughbred racehorse...

 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

Internet

The Internet is a global system of interconnected computer networks that use the standard Internet protocol suite to serve billions of users worldwide...

forums, associations or competitors in the same trade can help track down these niche products.