Specialty insurance is common for those with special, unusual or difficult insurance needs, or for higher risk accounts. These policies may be for personal items or events, or can be of a commercial nature for the business owner, his business, and commercial property.
Certain personal items such as jewelry, valuable collectibles, or guns may require the additional protection that a specialty policy can provide. Additionally, certain events such as an unforeseen wedding postponement, trip cancellation, or identity theft could be protected by specialty insurance coverage.

Many businesses utilize commercial specialty insurance for various reasons. For example, a fireworks manufacturer might be considered high risk and have an added potential for higher claim exposure, therefore requiring special coverage. A commercial trucking company might need specialty insurance for their trucks as well as their cargo. Additionally, certain industries such as construction companies, are known for experiencing frequent claims and lawsuits. Industries like these may also need a specialty insurance policy.