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consequential loss

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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.
  • risk

  • policy

  • third-party ins...

  • letter of indem...

  • employer's liab...

  • insurance

  • force majeure

  • ex gratia payme...

  • hazard

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