Which term describes insurance protecting a business after perils such as flood or fire?

• A. Casualty insurance
• B. Property insurance
• C. Life insurance
• D. Health insurance

Answer: (A)

Casualty insurance covers losses that arise from damaging events like floods or fires and the resulting obligations a business may face. In many insurance frameworks, this term sits under the broader property-and-casualty umbrella, emphasizing protection after such perils disrupt the business. Life insurance and health insurance protect individuals against death and medical costs, not business losses from disasters. Property insurance focuses on direct damage to buildings and contents, but in this context the term used is casualty insurance because it encompasses protecting the business from the consequences of those events.