Building the right Casualty Insurance program is paramount to the success of your Apartment Complex, Real Estate Development Company, Construction Company, Property Management Company and State Agency. 

Defining Casualty Insurance:

Casualty insurance includes a number of coverage options, including coverage for customer injuries at your place of business, injuries that occur as the result of a product or service you provide, and protection from the cost of lawsuits involving slander or libel. Casualty insurance also shields a business owner or employees of a company when the company injuries someone; however, it may not protect in all instances. For example, if an employee is malicious in his or her actions or is willfully negligent, that employee may be sued personally and may not be covered under casualty insurance.

Essentially, if you produce a product or offer a service, the possibility exists that it may end up harming a customer or their guests. This type of insurance can protect your employees while on the job, including when they use company vehicles.

Ex. If you’re a property manager, the assets you're managing are inside your care, custody and control. You have a duty to safeguard that asset and protect the residents inside this development. If you are negligent in protecting these residents, you can and will be sued. If you do not safeguard the hot water heaters from your tenants and/or their guests, and they adjust the settings which leads to death or injury to someone exposed to hot water (extreme temperatures), you will be found guilty in the court of law. Liability insurance protects you from things like this. 

If you don’t have casualty insurance, you’re leaving yourself and your business open to potential loss. Don’t wait until an accident or injury has occurred to begin thinking about getting covered. Call our experts at Gatta Insurance to learn about all of the various coverage options that are available as well as to receive an expert analysis of your business’ specific insurance needs.