Property and casualty insurance is a vital part of any business. It will protect you against potential lawsuits, injuries to your staff, or damage to your property. But what are the benefits that make this type of insurance worth it? This article will look at the reasons why you need property and casualty insurance in order for your company to be successful!
Protects Your Property From Natural Disasters
Property and casualty insurance in Peoria, AZ protects your property in the event of a natural disaster. A hurricane, tornado, or earthquake could cause major damage to your building or business contents. If you only have liability coverage it will not cover any damages that happen as a result of these disasters.
Provides Liability Coverage in Case You’re Sued by Someone for an Injury or Damages Caused on Your Property
Just like liability coverage, property and casualty insurance provides protection against lawsuits. If someone gets injured or sustains damages on your property you could be liable for the cost of medical expenses and other compensation they are requesting in a lawsuit.
Covers Damage to a Vehicle if It’s Rented, Borrowed, or Leased and the Driver Is at Fault for an Accident
If your business rents, borrows, or leases vehicles and the driver has an accident that causes damage to one of these rental cars then you’ll need property and casualty insurance. It protects against lawsuits filed by those who were injured in a car accident, regardless if they are at fault for it.
Covers Medical Expenses of Others Injured While on Your Property
Property and casualty insurance in Peoria, AZ, will cover medical expenses for anyone who is injured while on your property. This includes customers, staff members, or even the general public that was in an accident with one of your vehicles.
