Casualty Insurance

AAA

DEFINITION of 'Casualty Insurance'

A broad category of coverage against loss of property, damage or other liabilities. Casualty insurance includes vehicle insurance, liability insurance, theft insurance and elevator insurance.

INVESTOPEDIA EXPLAINS 'Casualty 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 on the job. For homeowners or car owners, it's important to have casualty insurance as damage can end up being a large expense.

RELATED TERMS
  1. Vandalism Endorsement

    An optional type of coverage that can be added to a basic hazard ...
  2. Winter Range Form

    A type of insurance that covers livestock, including cattle and ...
  3. Fake Claims

    The term fake claims refers to insurance claims that are made ...
  4. Completed Operations Insurance

    An insurance product that covers the liability incurred by a ...
  5. Compound Probability

    A mathematical term relating to the likeliness of two independent ...
  6. Dean Analytic Schedule

    A method of rating fire insurance policies based on various physical ...
Related Articles
  1. 5 Services To Usher In New Clients
    Professionals

    5 Services To Usher In New Clients

  2. Deducting Disaster: Casualty And Theft ...
    Taxes

    Deducting Disaster: Casualty And Theft ...

  3. Long-Term Care Insurance: Who Needs ...
    Home & Auto

    Long-Term Care Insurance: Who Needs ...

  4. Life Insurance: Putting A Price On Peace ...
    Insurance

    Life Insurance: Putting A Price On Peace ...

comments powered by Disqus
Hot Definitions
  1. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  2. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  3. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  4. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  5. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  6. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
Trading Center