Protection for everyday liability risks
Key areas of casualty insurance coverage
Casualty insurance encompasses a range of liability coverages designed to protect businesses when their operations, employees, or vehicles result in injury to others or damage to their property. Coverage can be tailored based on your operations and specific liability exposures.
Commercial general liability
Helps protect your business against claims involving third-party bodily injury or property damage arising from your operations, products, or premises, including associated legal liability.
Commercial auto liability
Provides liability protection when vehicles for business purposes are involved in an accident that causes injury to another person or damage to their property.
Product liability
Helps protect your business when a product you manufacture, distribute or sell is alleged to have caused bodily injury or property damage to a third party.
Completed operations liability
Provides protection against certain liability claims arising after your business has completed work or services, such as allegations that completed work caused injury or property damage.
Umbrella and excess liability
Provides additional liability limits above certain underlying policies, helping businesses strengthen their protection against significant claims that may exceed primary policy limits.
Legal defense costs
Depending on the policy, casualty insurance may help cover legal expenses associated with defending your business against covered liability claims, reducing the financial impact of a lawsuit.
Strategic protection for your business
Build casualty coverage around your business
Navacord advisors help businesses understand their liability exposures and build casualty insurance programs designed around their operations, industry, and evolving risk profile.
Tailored liability solutions
We assess your operations and exposures to help identify casualty coverage that aligns with the risks your business faces.
Cross-industry expertise
Our advisors draw on experience across industries to help businesses navigate both commons and complex liability exposures.
Ongoing risk guidance
As your business changes, we can help review your casualty program and identify areas where your protection may need to evolve.
FAQs for casualty insurance
Casualty insurance is a broad category of insurance that primarily addresses liability risks. It can help protect a business against financial losses resulting from claims involving injury to other people or damage to their property.
Coverage varies by policy, but casualty insurance can include different forms of liability protection, such as commercial general liability and commercial auto liability. The appropriate coverage depends on your business operations and exposures.
Businesses can face liability claims when their operations, products, employees, or vehicles cause injury or property damage. Casualty insurance can help manage the financial impact of covered claims and associated legal costs.
Not exactly. Casualty insurance is a broader category of insurance that can encompass several types of liability coverage. Commercial general liability insurance is one form of coverage that may form part of a casualty insurance program.
The appropriate amount depends on factors such as your industry, operations, business size, contractual requirements, and potential liability exposures. A Navacord advisor can assess your risks and help determine suitable coverage and limits.
