Consequential loss

Consequential loss,

Definition of Consequential loss:

  1. Indirect loss which accompanies an insured loss, such as loss of earnings resulting from a burnt down business that was insured against fire. Consequential losses are not covered by ordinary insurance policies, unless specifically included on payment of additional premium. See also direct loss, and indirect loss.

  2. A consequential loss is an indirect adverse impact caused by damage to business property or equipment. A business owner may purchase insurance to cover any damage to property and equipment, and may also obtain coverage for secondary losses. A consequential loss policy or clause will compensate the owner for this lost business income. .

  3. This type of insurance is also called business interruption or business income insurance.

How to use Consequential loss in a sentence?

  1. Consequential losses are the indirect results of property damage.
  2. Such policies cover losses due to business interruptions.
  3. These must be insured separately from the policy that covers physical damage to facilities or equipment.

Meaning of Consequential loss & Consequential loss Definition

Consequential Loss,

Consequential Loss: What is the Meaning of Consequential Loss?

Consequential Loss definition is: Direct property damage such as rent loss. Some types of consequential damages can be covered under standard coverage for direct or temporary damages, while some are not.

Consequential Loss can be defined as, Loss that is not directly from the insured risk, but indirect from the loss from the insured risk.

Damage that is not caused by direct damage to property, but is caused by such damage (such as rent loss).

Indirect damage or loss cover, as opposed to direct loss or damage, indirect loss or damage is the result of an event when an insured hazard, such as a fire or storm, causes or is covered. If a storm is imminent, if a tree is cut down and a house is cut off from electricity, the damage to the refrigerator or the food in it will be covered.

Literal Meanings of Consequential Loss

Consequential:

Meanings of Consequential:
  1. Continue as a result or consequence.

  2. Urgent

Sentences of Consequential
  1. Loss of trust and related return

  2. Probably the most important discovery of the 18th century

Synonyms of Consequential

momentous, significant, meaty, resultant, consequent, life-changing, far-reaching, important, appreciable, material, of moment, memorable, ensuing, serious, major, weighty, resulting

Loss:

Sentences of Loss
  1. Avoid wasting time

Synonyms of Loss

forgetting, mislaying, overlooking, misplacement, dropping

Consequential Loss,

Consequential Loss Definition:

  1. Consequential Loss definition is: Insurance that covers loss of operating profit and some other expenses arising as a result of fire or other insurance incidents. This is also called business intervention.

  2. The definition of Consequential Loss is: For example indirect loss B. Direct loss results in a decrease in the value of the property.

Consequential Loss,

What Does Consequential Loss Mean?

  • Consequential Loss can be defined as, Indicates indirect loss that is not included in the insurance policy.

  • Another name for insurance against business interference or loss of profit. Direct loss insurance, p. For example, the loss of income insurance.

  • A simple definition of Consequential Loss is: Indirect losses are injuries or losses that result from an injury or loss to the insured (ie insured loss).

Consequential Loss,

What is The Definition of Consequential Loss?

Consequential Loss

Damage caused by direct damage to property, such as rent loss. Some types of emergency losses may be insured under standard coverage for direct or temporary assets, while others may not.

Loss that is not caused directly by the insured risk, but indirectly by the insured risk.

Consequential Loss means, Damage that is not caused by direct damage to property, but is caused by such damage (ie loss of rent).

Literal Meanings of Consequential Loss

Consequential:

Meanings of Consequential:
  1. Ongoing as a result or consequence.

  2. Important importance

Sentences of Consequential
  1. Loss of confidence and related evacuations.

  2. The new Congress lacks permanent leadership.

Synonyms of Consequential

accompanying, of great import, connected, sequential, linked, of consequence, concomitant, following, of significance, associated, related, collateral, successive, attendant, subsequent

Loss:

Meanings of Loss:
  1. The fact or action of losing something or someone.

Synonyms of Loss

reduction, disappearance, privation, deprivation, waste, impoverishment, diminution, depletion, dissipation, forfeiture, squandering, erosion, losing

Consequential Loss,

Consequential Loss: What is the Meaning of Consequential Loss?

  • Damage caused by direct damage to property, such as rent loss. Some types of emergency losses can be insured under standard coverage for direct or temporary assets, while others are not.

  • Consequential Loss can be defined as, Loss that is not caused directly by the insured risk but indirectly by the loss caused by the insured risk.

  • Consequential Loss refers to Damage that is not caused directly by property damage, but is the result of such damage (e.g. loss of rent).

  • You can define Consequential Loss as, Coverage for indirect loss or damage, as opposed to direct loss or damage, is indirect loss or damage caused by an insured risk or as a result of an incident covering it, such as: B. If a storm covers a There is a danger, if there is a tree. The power will be cut off within a month, and the food in the refrigerator will be covered for the resulting damage.

  • The insurance company covers the loss of profit and certain other expenses or other insured events arising. Also known as a business barrier.

  • You can define Consequential Loss as, Indirect damage, for example. B. Decrease in property value as a result of direct loss.

  • Another name for insurance against business disruption or loss of profit. For loss-making losses, see ZB's Lost Revenue Insurance for lost revenue.

Literal Meanings of Consequential Loss

Consequential:

Meanings of Consequential:
  1. Main importance.

Consequential Loss,

Consequential Loss:

  1. A simple definition of Consequential Loss is: Indirect losses are injuries or losses that are indirectly the result of an insured's injury or loss (ie insured loss).