Does the policy cover consequential loss?

  • Consequential loss arising from an insured event is covered.
  • The property damage could be small compared to the consequential damage part of the claim.
  • Example: The Insured may damage a small, inexpensive but vital part of a third party’s machinery. As a result of delays in the supply of the damaged part, the machine is unusable for a long time causing the owners to suffer a serious loss of income.
General Liability