Businesses are at risk for a wide variety of losses, from failing to staff enough employees to seeing a large and promising client fall through. Not all of these problems can be entirely prevented, but commercial casualty insurance exists to ensure that, as much as possible, businesses are shielded from unwanted financial repercussions. Commercial casualty insurance protects against general loss due to injuries, damage or destruction or property or even legal liability in certain situations.
Lines Of Casualty Insurance Coverage We Provide
A top 100 property & casualty agency, Atlas Insurance, A Marsh & McLennan Agency LLC, provides top coverage for businesses in Hawaii. From cyber liability to workers compensation, our team has extensive experience formulating plans that are unique to the risks and liabilities of each organization. Atlas Insurance offers a wide array of more specific casualty insurance for businesses, including:
Cyber Liability Insurance
The internet continues to constantly evolve, and with it, new threats are always arising. Cyber liability insurance shields your business against the consequences of unexpected data breaches, hacking and other online issues that reveal sensitive information about customers, such as their social security numbers, credit card information or even health records. General liability policies do not always include a provision for such issues in the cyber space, which means you may need an additional policy to keep yourself protected in this area.
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Directors And Officers Insurance
The directors and other senior members of your business often have a lot of responsibility, and should your business come under legal pressure, directors and officers insurance protects them against personal losses. If they are sued as a result of serving in their role at your business, this type of insurance ensures that they will not personally need to pay damages.
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Employment Practices Liability Insurance
As a business, you have numerous restrictions and laws governing how you treat your employees. Employment practices liability insurance shields your business from claims made by workers who believe that their legal rights as employees were violated by their employer.
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Errors And Omissions Insurance
Often abbreviated simply as E&O, errors and omissions insurance protects your business against liability when a client claims that your company did inadequate work that was not up to standard or that you were negligent in performing the task. They may seek to reclaim damages as a result of this behavior, but E&O insurance can protect you.
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General Liability Insurance
Sometimes simply called business liability insurance, general liability coverage shields you from some of the most common problems that businesses face, such as property damage, bodily injury and more. It is a wide-reaching policy that touches on many of the most frequent needs of a business.
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Workers’ Compensation Insurance
If a worker has been injured on the job, workers’ compensation insurance is available to pay the employee appropriately, including replacing lost wages while the employee recovers.
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Secure Commercial Casualty Insurance Policies From The Best
A business is vulnerable to liability in many areas and susceptible to financial loss in many others, which is why Atlas Insurance, A Marsh & McLennan Agency LLC, offers such a wide range of commercial casualty insurance options. To learn more about our offerings and determine which policies are right for you, reach out today by calling (808) 400-6680 or by requesting a quote online.
Frequently Asks Questions
Commercial casualty insurance is a broad category of business coverage that protects against financial loss from injuries to people, damage to their property, and the legal liability that arises from those incidents. It does not cover damage to the business’s own property, which falls under commercial property insurance. Casualty coverage typically includes general liability, workers compensation, employment practices, errors and omissions, directors and officers, and cyber liability.
Commercial casualty insurance covers third-party claims, meaning injuries to people other than the business owner or employees, damage to property owned by others, and legal liability arising from those events. Commercial property insurance covers damage to the business’s own buildings, equipment, inventory, and physical assets. Most businesses need both, since one protects against what you might owe to others and the other protects what you already own.
Some forms of casualty insurance are legally required in Hawaiʻi, others are required by contract, and some are simply best practice. Workers compensation is mandatory for nearly all Hawaiʻi employers. General liability is often required by commercial leases, client contracts, and licensing boards. Cyber liability, employment practices, and directors and officers coverage are not legally mandated but are often essential depending on your business model and risk exposure.
Commercial casualty insurance responds to a range of third-party claims including customer slip-and-fall injuries, property damage caused by your business or employees, lawsuits alleging professional errors or negligent advice, employment discrimination or wrongful termination claims, data breach incidents, and lawsuits against company leadership for management decisions. The specific coverage triggers depend on which casualty lines you carry.
A Business Owner’s Policy bundles general liability with commercial property and business interruption coverage into a single, simplified package for small and mid-sized businesses. Commercial casualty insurance is a broader category that includes general liability plus more specialized liability coverages like cyber, employment practices, errors and omissions, and directors and officers. Most businesses combine a BOP with additional casualty lines based on their specific exposure.
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