"Catastrophic loss" refers to a very severe and significant loss or damage that causes great harm and damage, often resulting in a major setback or tragedy. Full definition
The office will have need also for insurance that provides coverage in the case of catastrophic loss of data essential for the conduct of business. (rentersinsurance.net)
The agriculture and recreation / tourism sectors will suffer catastrophic losses in revenues. (treehugger.com)
Like many auto insurance policies, commercial truck insurance comes with several types of coverage, each of which is specifically designed to protect your business and your personal assets from catastrophic loss. (trustedchoice.com)