A type of insurance coverage that protects the policyholder against property damage, physical injury and legal liability. Usually considered supplemental, casualty insurance provides a type of cushion that enables individuals, and especially organizations, to care for themselves or workers who’ve been injured or wronged.
An important, protective coverage, casualty insurance is usually considered a list of individual insurances that protect against a variety of risks. Vehicle insurance, liability, theft and workers’ compensation are common forms of casualty insurance. In recent years though, some forms have begun to merge, as more and more multiple-lines policies are written.