What Is Causality Insurance?

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Causality insurance is a very important type of insurance that you need to be aware of. Learn about causality insurance with help from a longtime insurance professional in this free video clip.

Part of the Video Series: Insurance FAQs
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Video Transcript

Hi, this is Tony Chimino. I'm the CEO of Assurance, explaining to you what is casualty insurance. Casualty insurance has a strange name but many people might understand it as insurance to cover to torts or insurance to cover when you are sued by another party. That basically is casualty insurance. You buy this insurance in case you or your product or your service causes damage to a third party and you are sued because of that damage. Another damage can be bodily injury or property damage and the limits of insurance you buy can be anywhere from $100,000 to millions of dollars of insurance. The larger the company, the larger the insurance they purchase. This is Tony Chimino, giving you a little bit of information about casualty insurance.


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