In the context of casualty insurance, it typically covers:
A. Property damage caused by vandalism: Casualty insurance can provide coverage for damage to property resulting from acts of vandalism, such as graffiti or intentional destruction.
B. A customer injury caused by employee negligence: This type of insurance may also cover liabilities arising from injuries to customers that result from negligence on the part of employees. For example, if a customer slips and falls in a store due to negligent maintenance by an employee, casualty insurance may help cover the related costs.
C. A customer injury caused by defective product design: Similarly, casualty insurance might extend coverage to injuries sustained by customers due to defective product design. This could involve situations where a product malfunction leads to harm to a consumer.
D. Property damage caused by a broken pipe: Additionally, casualty insurance could include protection for property damage caused by accidents like a broken pipe flooding a building, resulting in damage to the structure or its contents.
Casualty insurance plays a crucial role in protecting businesses from various liabilities and risks associated with property damage and injuries to third parties. It is essential for businesses to assess their insurance needs carefully and consider the specific coverage offered by different types of insurance policies to ensure comprehensive protection.
