Property & Casualty Insurance Flashcards 1.2

Property & Casualty Insurance Flashcards

Property insurance and casualty insurance are types of coverage that help protect the stuff you own — your home or car, for example — and also provide 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.
The phrase “property and casualty insurance” is bandied about quite a bit, especially between insurance brokers and clients discussing business insurance alternatives. However, many people still don’t know what it means.
If you’re a small business owner, it’s important to understand the various types of insurance options available to you