Casualty insurance is a type of insurance that provides coverage for financial losses resulting from unexpected events, such as accidents, injuries, or property damage.

Unlike property insurance, which primarily covers damage to physical property, casualty insurance covers a broader range of risks and damages, including bodily injury, liability, and legal expenses.

Casualty insurance may be purchased by individuals, businesses, or organizations to protect against a variety of risks, such as car accidents, product liability claims, or slip and fall injuries on their property.

The coverage and premiums of a casualty insurance policy will depend on the type of risk being insured, the level of coverage desired, and the claims history of the policyholder.

Casualty insurance policies may include deductibles, which are the amount the policyholder must pay out of pocket before the insurance coverage kicks in.

Casualty insurance is often required by law or by contract, such as workers’ compensation insurance for employers or liability insurance for businesses that provide professional services.