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Key Takeaways

Commercial casualty insurance is different from commercial property insurance, which protects your company's buildings, tools, inventory and other materials used to operate.
Examples of commercial casualty insurance include workers' compensation insurance, general liability insurance, errors and omissions insurance and employers liability insurance.

small business owner enjoying their job knowing they have great commercial property and casualty insurance

What Is the Difference Between Commercial Property and Casualty Insurance?

While commercial property insurance and casualty insurance both protect your business from financial losses, there are a few key differences to know between the two. Commercial casualty insurance protects your company from liability if an accident happens at your business, like a customer slipping and falling, an employee making a clerical error or a data breach occurring. While commercial property insurance protects your company’s buildings and the property you own or rent from covered losses.

What Types of Policies Are Included With Commercial Property Casualty Insurance?

There are multiple types of commercial insurance policies included with commercial property and casualty insurance (P&C), including:

What Does Commercial Property Casualty Insurance Cover?

Commercial property and casualty insurance refers to a broad range of policies that help protect against different liability claims. This insurance coverage typically covers the cost of legal claims resulting from the following:

Property damage to others
Bodily injury to others
Loss of property

Common Questions About Commercial Casualty Insurance

What Is Commercial Casualty Insurance?

Commercial casualty insurance is the part of commercial property and casualty insurance (P&C) that protects against legal liability or negligence. This coverage helps financially protect your company against claims that your business or an employee caused property damage or bodily injury to someone else.

What Are the Two Types of Commercial Insurance?

The two types of commercial insurance are commercial property insurance and commercial casualty insurance. Having commercial property and casualty (P&C) insurance is essential to keeping your business running smoothly. Without business insurance, you’d have to pay out of pocket for costly claims and lawsuits that could come up when you least expect it.

What Is the Difference Between Commercial Property Insurance and Commercial Casualty Insurance?

Commercial property insurance primarily covers property damage that happens to your owned or rented business property caused by fire, lightning, wind, theft or burglary. Most commercial property insurance policies will cover your owned or rented buildings, plus your equipment, tools, furniture and inventory at your location. In comparison, commercial casualty insurance refers to the insurance policies that protect your business against liability claims of customer bodily injury or damage to other’s property that your business’ product or services may have caused.

What Is Not Covered by Casualty Insurance?

Commercial casualty insurance won’t cover damages or bodily injuries that your business or employee caused intentionally to a third party. Casualty insurance also doesn’t protect your business’ owned property from loss. You’ll need commercial property insurance to make sure your company assets, like buildings, inventory, equipment and tools are protected from fires, theft, lightning or wind damage.

What Is Commercial Excess Casualty Insurance?

Commercial excess casualty insurance can be added on to your business insurance policy to extend the coverage limits of your policy. This means that you’ll have coverage for more expensive, larger claims. Depending on your industry and the work you do, you may need more extensive coverage.