Which type of policy defines specific risks for coverage of accidental death or dismemberment?

A limited risk policy is designed to cover specific types of losses, such as accidental death or dismemberment. This type of insurance specifically outlines and defines the events that qualify for benefits. In the context of accidental death and dismemberment, the policy explicitly states the circumstances that will trigger coverage, thus offering protection for those defined risks while excluding other risks or causes of loss.

This precision in defining coverage helps policyholders understand exactly what is included and ensures that the insurer is not liable for a broader array of risks that might be covered under more comprehensive insurance policies. Other types of policies, such as comprehensive, general, or standard risk policies, tend to offer broader coverage and may not focus exclusively on the specific events of accidental death or dismemberment. These broader policies could encompass various types of risks without delineating them as clearly as a limited risk policy does.