What Is Causality Insurance?

What Is Causality Insurance? thumbnail
Business owners cannot afford the risk of being without casualty insurance.

Casualty insurance provides protection to a person or business against injury to others or damage to other people's property. This insurance protects a person or business from potential financial liabilities.

  1. Types

    • Some of the most common types of casualty insurance are commercial general liability, general liability, product liability, umbrella liability, business auto policy and garage liability insurance, as well as workers compensation and employer's liability policy.

    Need

    • Business owners need casualty insurance protecting them against liability for injury to others or damage to the property of others as the result of an accident.

    Significance

    • Without casualty coverage, a business could be held liable for injuries to others or damage to their property. This could financially ruin a business lacking proper insurance coverage.

    Considerations

    • Spend some time with an insurance agent to go over what losses your business might incur, and discuss the proper coverage.

    Finding Casualty Insurance

    • To find casualty insurance coverage, talk to an insurance agent specializing in commercial insurance coverage. Most insurance agencies have commercial-insurance departments.

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  • Photo Credit Image by Flickr.com, courtesy of H John

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