consequential loss
Definition
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.
Mentioned in these definitions
Popular 'General, Marine, & Life Insurance' Terms
consequential loss in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/consequential-loss.html
