What type of insurance specifically protects against financial losses arising from legal liability for injuries to others?

Casualty insurance is designed to provide coverage for financial losses that arise from legal liability for injuries to others. This type of insurance typically includes various forms of liability insurance, such as general liability, professional liability, and auto liability, which protect the policyholder from claims arising out of negligent acts, errors, or omissions that result in bodily injury or property damage to third parties.

In the context of the insurance industry, casualty insurance complements other types of insurance by acting as a safeguard against risks associated with legal liabilities, thereby helping individuals and businesses manage their exposure to lawsuits and claims for damages. Unlike property insurance, which focuses on damage to one’s own assets, or life insurance, which provides financial support to beneficiaries upon the policyholder's death, casualty insurance specifically addresses the responsibility and liabilities a person or entity may have towards others. Additionally, health insurance primarily deals with medical expenses incurred due to illness or injury, rather than liability issues.