A company's casualty insurance is designed to protect businesses from financial losses resulting from accidents, injuries, and other unforeseen events that can occur during daily operations. This type of insurance typically covers various forms of liability, including general liability, workers' compensation, and employer's liability. It helps businesses mitigate risks associated with bodily injury, property damage, and legal claims, ensuring that they can operate smoothly without the constant worry of unexpected financial burdens.
In Singapore, where businesses operate in a highly regulated environment, casualty insurance is particularly important. It not only safeguards a company’s financial stability but also ensures compliance with local laws and regulations related to employee safety and public liability. With the bustling nature of Singapore’s economy, the potential for accidents and liabilities is ever-present, making casualty insurance essential for protecting both employees and customers. By investing in this insurance, businesses can enhance their reputation, foster trust, and focus on growth while being prepared for any eventualities that may arise.
Types of Casualty insurance that your business may need:
- Public Liability
- Event Public Liability
- Comprehensive General Liability
- Product Liability
- Work Injury Compensation
