Consequential Loss Policy
The Consequential Loss policy provides protection to the insured business for its own financial losses incurred as a result of interruption following an event during the period of insurance.
In order for the policy to operate a claim must be made and indemnity confirmed under either a Public, Statutory or Employers Liability policy underwritten by Vero Liability. This is the policy “trigger”.
The proposer is required to identify which of its existing liability policies it requires to operate as a trigger policy.
Basis of Claims Settlement
Coverage is provided for: