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Indirect loss is an expense caused by damage or injury to covered people or property, which is beyond the scope of the covered damage. This expense is attributable to the covered loss, but is not part of the covered loss itself.

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Loss that is not a direct result of a peril. For example, damage to property of a business firm would be a direct loss, but the loss of business earnings because of a fire on its premises would be an indirect loss.

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Income loss caused by a direct loss, such as when a firm cannot sell its merchandise due to a fire at its premises. Indirect losses are not covered by ordinary insurance policies unless specifically included on payment of additional premium.

14 years ago. Rating: 1
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