Casualty insurance protects an individual or an Organization from theft, Crime, Political risk, shipwrecks, aviation, natural calamities like Floods, earthquake, nuclear incidents, acts of terrorism and war. It also includes the safety of glass, boilers and machinery, fidelity and surety bonds.
Property or Liability insurance, they protect your property from the direct losses, but Casualty insurance protects an individual or an organization from the in direct losses.
Terrorism and War Coverage:
Normal insurance policies won’t cover the risks of terrorism and war, but casualty insurance protects you and your organization from the acts of terrorism and war.
Political Risk Coverage:
For example if you do any substantial government contracts, casualty insurance protects you from the loss due to the sudden change in Government.
Types of Casualty insurance:
Casualty insurance classified in to four types Residential, Commercial, Industrial.
Residential Casualty insurance:
This policy protects your house hold things and other valuable things.
Commercial Casualty insurance:
This policy protects you and your organization from the unexpected losses. During the hard times of your business you can claim the commercial causality insurance to cover your losses.
Industrial Casualty insurance:
This policy protects your Machinery and other things from the unpredicted events.
Professional Casualty insurance:
This policy protects your employees from liability failure.
For example if a worker is ill or injured during the work, Professional Casualty insurance may be claimed to pay the worker and to restore your loss.
Other Types of Casualty insurance:
other types of causality insurance includes aviation insurance, boiler and machinery insurance, glass insurance, crime insurance, marine insurance, surety insurance, fidelity and surety bonds, natural calamities like Floods, earthquake, nuclear incidents, cyber-liability, identity theft, employee theft.
Unlike other insurance policies casualty insurance premium rates will be very high, because it operates in a specific field of irresistible and enormous risks.10kinsurancequotes.com helps you in finding the most important information regarding different coverages like Car Insurance Quotes Online, Auto Insurance, Home Insurance, Health Insurance and best policies available in the market, Not only the information, 10kinsurancequotes.com simplifies your doubts in getting the reliable and affordable Casualty insurance policy. 10kinsurancequotes.com will connect you with reputable companies in getting the low cost Casualty insurance policies depending upon your requirement.