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Showing posts with label casualty insurance. Show all posts
Showing posts with label casualty insurance. Show all posts

Saturday, October 18, 2008

Casualty

Casualty insurance insures against accidents, not necessarily tied to any specific property.
  • Crime insurance is a form of casualty insurance that covers the policyholder against losses arising from the criminal acts of third parties. For example, a company can obtain crime insurance to cover losses arising from theft or embezzlement.
  • Political risk insurance is a form of casualty insurance that can be taken out by businesses with operations in countries in which there is a risk that revolution or other political conditions will result in a loss.