From Wikipedia, the free
encyclopedia
Casualty
Casualty insurance insures
against accidents, not necessarily tied to any specific property. It is a broad
spectrum of insurance that a number of other types of insurance could be
classified, such as auto, workers compensation, and some liability insurances.
·
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 could result in
a loss.
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