casualty insurance

casualty insurance definition - business

casualty insurance

Broad coverage to protect against financial loss from property damage and liability caused by sudden and unexpected events. Casualty insurance includes worker's compensation, malpractice, liability for death, injury, or disability of a human being, and a range of other potential hazards. See also dual-trigger insurance.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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