Financial Loss Insurance
Description and purpose
Financial loss insurance is designed to compensate individuals or businesses for financial losses caused by unforeseen events that impact economic activities or income. The goal of this insurance is to ensure financial stability and mitigate negative impacts on business operations.
Financial loss insurance is designed to compensate individuals or businesses for financial losses caused by unforeseen events that impact economic activities or income. The goal of this insurance is to ensure financial stability and mitigate negative impacts on business operations.
Target audience
Companies and individuals seeking protection against economic losses caused by unexpected events.
Companies and individuals seeking protection against economic losses caused by unexpected events.
Coverage and risks
Financial loss insurance covers:
Financial loss insurance covers:
- Unemployment risks – protection against losses caused by job loss.
- Income insufficiency – coverage for reduced earnings from economic activities.
- Losses due to unfavorable weather conditions – protection for businesses affected by adverse weather conditions.
- Failure to achieve benefits – coverage for losses resulting from unmet profit targets.
- Current expense risks – protection against unexpected increases in operational costs.
- Unexpected commercial expenses – coverage for additional costs arising from unforeseen events.
- Depreciation of market value – protection against losses caused by declining asset or investment value.
- Loss of rent or similar income – coverage for losses of rent or similar revenues.
- Indirect commercial losses – protection for indirect commercial losses other than those specified.
- Non-commercial financial losses – coverage for financial losses unrelated to business activities.
- Other financial losses – other financial losses as specified in the insurance contract.
Types and options
- General financial loss insurance: covers various types of economic losses caused by unforeseen events.
- Business interruption insurance: protects against income losses and fixed expenses in case of operational interruptions.
- Additional costs insurance: covers extra expenses resulting from unforeseen incidents.
- Non-payment risk insurance: protects income against client payment defaults.
- Asset depreciation insurance: protects against devaluation of owned assets and investments.
- General financial loss insurance: covers various types of economic losses caused by unforeseen events.
- Business interruption insurance: protects against income losses and fixed expenses in case of operational interruptions.
- Additional costs insurance: covers extra expenses resulting from unforeseen incidents.
- Non-payment risk insurance: protects income against client payment defaults.
- Asset depreciation insurance: protects against devaluation of owned assets and investments.
Benefits
Financial protection against economic losses, ensuring income stability during unforeseen events, mitigating the financial impact of business interruptions, and securing investments and assets against economic risks.
Financial protection against economic losses, ensuring income stability during unforeseen events, mitigating the financial impact of business interruptions, and securing investments and assets against economic risks.
