Indirect damage loss

{
  "id": "MLC-T-INS-001816",
  "term": "Indirect damage loss",
  "field": "Insurance and risk management",
  "definition": "A financial loss that results indirectly from a direct physical loss or damage to property, rather than being the direct consequence itself. Examples include loss of income due to business interruption after a fire, extra expenses incurred to continue operations, or loss of rents from a damaged building. These losses are typically covered by specific endorsements or separate policies like business interruption insurance.",
  "url": "https://mlchart.com/terminology/insurance/indirect-damage-loss/"
}