Financial loss

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Under consequential loss (including material damage ) is a harm to an assets legally protected understood, that one brought about monetary disadvantage of a natural or legal person or body of persons.

A distinction is made between real / pure and spurious financial loss. A distinction must be made between non-pecuniary damage and non- pecuniary damage , which manifests itself in other ways than a reduction in property (e.g. body or honor).


As a true / pure financial loss refers to situations in which suffers neither a person nor a cause immediate damage, owing to negligence of a third party financial damages but was compounded. Such financial losses are not part of the usual private liability or public liability insurance. Instead, separate financial loss liability insurance is required to cover damage . In addition to the business liability risk, professional liability insurance always covers real financial losses via the financial loss liability insurance component. The fake pecuniary loss, on the other hand, is the consequential loss from personal injury or property damage. If, for example, a computer's hard drive has been damaged by water damage (= property damage ), the loss of data or the necessary costly data restoration represent consequential damage (or spurious financial loss).


Typical financial loss is the reduction in wealth through fraud and other property crimes . A financial loss can also be caused by thwarting or reducing added value or gain , e.g. B. through operational disruptions , production downtimes or through the exploitation of intellectual theft , copyright infringement , imitation of branded goods ( counterfeiting or product piracy ).

From a criminological point of view, the property damage is the result of a property offense .

Individual evidence

  1. The exali glossary for insurance terms
  2. The exali glossary for insurance terms