Chapter 7 - Business Insurance
The Why You Need Casualty Insurance
Casualty Insurance For Your Business
 Many insurance packages will put casualty and property insurance together and these packages often offer the best deal.
Nonetheless, it is good to know what casualty insurance includes.
Don't Be Casual about Casualty Insurance
Casualty insurance insures against loss or damage to the business itself due to business interruption or other indirect losses.
For instance, if you have an office complex on the top floor of a high rise and there is damage to the first floor that will interrupt your business operations, casualty, not property, insurance will pay for your losses.
Casualty insurance should is a supplemental insurance and should be bought in conjunction with property insurance because many things are not covered in a typical policy. These include:
- Terrorism
 Flood- Fire
- Political Risk
- Cyber Liability
- Identity Theft
- Employee Theft
- Cyber-Fraud
If you need coverage of the excluded items, they must be bought separately. For example, some businesses will want fidelity insurance, also known as surety bonds.
This type of insurance will protect you from fraud. It will also protect you if your employees were to steal your property or your customer's property.
Or you may need to protect yourself from Internet fraud and identity theft, two growing issues.
What's Next
Next In This Guide
 You Need Business Liability Insurance - Liability insurance insures against negligence of your business or employees. In other words, it protects your business when it is sued for neglect. There are two types of liability policies:
Previous In This guide
 Five Types of Business Insurance Every Manager Needs - You've started your new business and all is going along smoothly until the unexpected happens. A fire breaks out in your building and you lose all your inventory. Or perhaps your business is burglarized. What now?
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 How To Start A Small Business Everything You Ever Wanted To Know About Starting a Business But Were Afraid To Ask - Table of Contents
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