Define causality insurance.

Casualty insurance - Casualty insurance protects against losses or damage to the business. Casualty insurance is combined with property insurance and known as ‘property and casualty’ insurance. For instance, if a particular business is on seventh floor of a building and suddenly a natural disaster like flood occurs that washes out the first floor, but there is no damage caused to the seventh floor, then the loss that has occurred will not be covered by property insurance because there is no direct loss to the business location. But casualty insurance covers indirect losses to the business also.