Consequential Loss

2 Posts
1 Sections
1 Types

October 3, 2023 4 min read Definitions

Consequential Loss in Property Insurance: Understanding Indirect Impacts

Finance Insurance Risk Management Property Insurance Consequential Loss Business Interruption Indirect Loss Insurance

Learn about consequential loss in property insurance, including examples such as business interruptions and food spoilage due to power outages. Understand its definition and significance in indirect loss coverage.

October 3, 2023 3 min read Definitions

Understanding Indirect Loss/Damage in Property Insurance

Finance Risk Management Property Insurance Insurance Property Insurance Indirect Loss Consequential Loss

Learn the definition and implications of indirect or consequential loss in property insurance, including real-world examples like loss of income from an accident-damaged taxi.