Specialty casualty (2024)

FAQs

What is specialty casualty insurance? ›

Protection for niche liability risk

Our specialty casualty coverages help protect businesses against a wide variety of liability risks and are available for a diverse mix of industry classes. We have highly experienced teams that have built a refined and organized response to manage complex casualty risks.

Pet Insurance: Insurance to protect your pets falls outside standard insurance coverage. Many insurance companies that specialize in protecting your pets. Wedding Insurance: Usually referred to as “special event insurance,” this policy can protect you from liability for accidents or injuries.

Property insurance helps cover stuff you own like your home or your car. Casualty insurance means that the policy includes liability coverage to help protect you if you're found legally responsible for an accident that causes injuries to another person or damage to another person's belongings.

For those not in the know, Specialty Lines are a group of products available through Commercial Insurance and includes coverages like marine, Directors & Officers insurance (D&O), Mergers & Acquisitions (M&A), Accident & Health (A&H), cyber and travel disruption.

Intentional Acts: Casualty insurance typically excludes coverage for damages or injuries caused intentionally by the policyholder or covered individuals. Employee Dishonesty: Casualty insurance may exclude coverage for losses due to dishonest acts of employees, such as theft or embezzlement.

FSIC is a member of an Insurance Holding Company System, as defined by Section 382.010 RSMo (Definitions). FSIC is part of the Swiss Re Group. The Swiss Re Group is a wholesale provider of reinsurance, insurance, and other insurance-based forms of risk transfer.

Working as a specialty insurer can be an exciting and rewarding career path. You can get started in an entry-level position with a high school diploma and work your way up as you gain experience and education. The above-average pay will help you live the life you want.

Founded in 2015, Specialty Life Insurance has quickly established itself as a significant player in the industry by specializing in several no-medical life insurance plans. Their online application process allows for swift coverage, with many policies starting the same day you apply.

How does casualty insurance work? ›

Casualty insurance provides liability protection, which helps protect you if you're found legally responsible for an accident that causes injuries to others or if you damage another person's property.

In wartime, you'll hear the word casualty used often for someone killed or injured. But casualty can also refer to deaths or injuries suffered in an accident or some other unfortunate event.

Surplus lines insurance is specialized coverage written by unlicensed, nonadmitted insurance companies to cover specific extraordinary items and uncommon or high risks that are generally not covered by traditional insurance companies under standard policies.

Our operating companies, Capitol Indemnity Corporation, Capitol Specialty Insurance Corporation and Platte River Insurance Company are rated A "Excellent" by A. M. Best.

Key Takeaways

Property-casualty insurance includes two major categories: commercial lines and personal lines. Commercial lines include insurance products designed for businesses. Risks and hazards covered under commercial lines include malpractice insurance, professional liability, and builder's risk.

Casualty insurance provides liability protection, which helps protect you if you're found legally responsible for an accident that causes injuries to others or if you damage another person's property.

California Casualty Auto and Home Insurance is designed for America's community heroes and their families.

EPL Insurance

Employment practices liability insurance (EPLI) helps protect your business from employment-related claims, like wrongful termination, discrimination, and harassment.

Casualty insurance doesn't directly cover the policyholder's property. For example, auto insurance, which includes both property and casualty coverage, can cover what the insured driver is liable for in an accident, subject to each state's at-fault or no-fault laws.