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CASUALTY INSURANCE

WE PROTECT YOUR HERITAGE

WHAT IS CASUALTY INSURANCE (CI)?

Casualty insurance is a broad category of insurance coverage for individuals, employers, and businesses against loss of property, damage, or other liabilities. Casualty insurance includes vehicle insurance, liability insurance, and theft insurance. Liability losses are losses that occur as a result of the insured’s interactions with others or their property. For homeowners or car owners, it's important to have casualty insurance as damage can end up being a large expense. In addition to auto and liability insurance, casualty insurance is an umbrella term traditionally used to describe many other types of insurance, including aviation, workers' compensation, and surety bonds.

KEY TAKEAWAYS

 

  • Casualty insurance includes vehicle, liability, and theft insurance.

  • Just as you can purchase property insurance to protect yourself from financial loss, liability insurance protects you from financial loss if you become legally liable for injury to another or damage to property.

  • One essential casualty insurance that businesses should have is workers' compensation.

 

How does casualty insurance work?

 

Just as you can purchase property insurance to protect yourself from financial loss, liability insurance protects you from financial loss if you become legally liable for injury to another or damage to property. To be legally liable, one must have demonstrated negligence—the failure to use proper care in personal actions. If negligence results in harm to another, the offending party is liable for resulting damages. People in the insurance industry often call liability losses third-party losses. The insured is the first party. The insurance company is the second party. The person to whom the insured is liable for damages is the third party.

Our commitment to providing the highest level of service is paramount. More than 93% of our customers recommend TMM based on our superior claims service. TMM enjoys an A++ (Superior) rating from A.M. Best. With a solid foundation of financial stability, our strength lies in understanding your business and working in partnership to exceed your expectations.

Our range of products include:

  • Property (including Highly Protected Risk, Excess Layered and Inland Marine)

  • Package

  • General Liability

  • Auto Liability and Physical Damage

  • Excess /Umbrella Liability

  • Worker’s Compensation

  • Ocean Marine Cargo

By offering fully integrated solutions to meet our customers’ needs, we endeavor to deliver ANSHIN safety, security, and peace of mind to all of our customers.