Casualty insurance is coverage against loss of property, damage or other liabilities, including such things as vehicle insurance, liability insurance, theft insurance and elevator insurance.

An important type of casualty insurance for businesses is workers compensation insurance, which protects a company from liabilities that arise when a worker is injured in the course of work. For homeowners or car owners it’s important to have casualty insurance as damage can end up being a large expense.

Policies are written to cover loss that is the direct result of accident. It may include Auto liability insurance for car accidents, Marine insurance for shipwrecks or losses at sea, and etc. Life, health and property insurance are typically excluded from the definition. Loosely used to describe an area of insurance not particularly or directly concerned with life insurance, fire insurance or automobile insurance. Most frequently it refers to liability, crime and plate glass insurance but may include surety as well.