单词 | consequential loss |
释义 | consequential loss in Insurance (kɒnsɪkwɛnʃəl lɔs) Word forms: (regular plural) consequential losses noun (Insurance: Claims) loss , loss A consequential loss is a loss that follows another loss that is caused by a danger that has been insured against. The loss of ongoing profit because of the inability to continue trading is a consequential loss. If a cold storage plant is without electrical power, and foodstuffs spoil as a result,then this is a consequential loss, not a direct loss. A consequential loss is a loss that follows another loss that is caused by a danger that has been insuredagainst. |
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