Casualty insurance may be defined as insurance that covers people or property in the event of an unforeseen accident or catastrophe. Casualty insurance is usually part of a larger insurance policy, such as an auto insurance policy, a homeowner insurance policy, or a business insurance policy. To find out what types of casualty insurance may be added on to your current insurance policy, contact your insurance company.

There are a few different types of casualty insurance, but one of the most common types is liability. Liability insurance covers you in the event that you are at fault for some type of accident or if a person is harmed on your property. Some common types of liability include:

• Auto liability
• Malpractice insurance
• Business liability insurance
• Personal liability

Another common type of casualty insurance is grouped together with property insurance, thus appropriately named property-casualty insurance. This type of insurance covers loss or damage to property due to:

• The environment (your insurance company will discuss exactly what environmental factors are covered under this policy, such as floods or hurricanes)
• Theft
• Vandalism
• Injury of another person or their property while on your property

There are also other types of casualty insurance that can be purchased, including:

• Workers’ compensation insurance
• Terrorism coverage
• Identity theft coverage
• Aviation insurance
• Marine insurance
• Title insurance
• Cyber-liability

Since there are so many types of casualty insurance available, the best thing to do is speak with a qualified insurance agent. If you already have insurance, contact your agent about the different casualty insurance options available. To find a qualified insurance agent in your area that can help with your decisions about casualty insurance, visit Bankrate.com and click on your state of residence.