Which type of insurance covers financial loss resulting from our actions towards others?

Casualty insurance is specifically designed to protect against financial loss resulting from actions taken towards others that can cause liability. This includes various forms of coverage, such as liability insurance, which helps cover the costs of legal defense and any settlements or judgments that might arise from lawsuits for damages resulting from those actions. This can encompass a range of scenarios, including personal injuries or property damage that the insured party may unintentionally cause to others.

In contrast, property insurance primarily provides coverage for damage or loss to one's own property, and health insurance focuses on medical expenses for the insured or their family. Life insurance pays out a benefit upon the death of the insured, which also does not relate to financial loss resulting from actions towards others. Therefore, casualty insurance stands out as the appropriate type of coverage in this context, addressing the liabilities associated with one’s actions which can lead to financial consequences for the insured.