Property and casualty insurance is insurance against property loss, damage, or similar liability.\u00a0<\/p>

This includes auto insurance, vandalism or theft insurance, elevator insurance, and liability insurance.\u00a0<\/p>

Worker compensation is an important type of casualty insurance that protects the business from liability arising due to any injuries to the employees at the job.<\/p>

Liability insurance is another type of casualty insurance. These are the losses that happen due to the interaction of the insured with others on the property.\u00a0\u00a0<\/p>

Casualty insurance is important insurance for homeowners and car owners since the damage could end up being an unbearable expense.<\/p>

For example, if John hits Jane\u2019s car that was parked it results in damage of five hundred dollars.\u00a0<\/p>

While John was at fault, he is responsible for paying for those damages. The liability insurance will protect John from paying the entire amount from his pocket.<\/p>

Similar to how you buy property insurance for protection, liability insurance is used to protect yourself from a legally liable condition like injury or damage to the property.\u00a0<\/p>

In the insurance industry the liability losses are often termed as third party losses where the insured is the first party, the insurance company stands as a second party, and the one to whom the insured is liable to pay is the third party.\u00a0<\/p>

There are many insurance types under the domain of property-casualty insurance, these include aviation, worker\u2019s compensation, and auto insurance.<\/p>

If you have your own business, a few types of property-casualty insurance may be important for you.\u00a0<\/p>

This is because there are policies available for cyber fraud insurance, employee theft, identity theft, etc. If you have an online business, make sure that the policy covers the website.\u00a0<\/p>

If your business is dependent on computers, then you may look for insurance on the same terms. In today\u2019s world, most businesses have a property-casualty insurance cover because if you are into production there is a huge possibility of someone getting injured.\u00a0<\/p>

Even if you work as a sole proprietor, it is good to have insurance in your line of work.<\/p>

The other type of insurance that falls under property and casualty insurance is windstorm insurance.\u00a0<\/p>

This is an unusual type of property-casualty insurance that protects the policyholders from property damage caused by windstorms.\u00a0<\/p>

The windstorm insurance is generally offered as a rider on standard casualty insurance with an extended coverage endorsement. This insurance is one of the subsets of storm insurance.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t