What Is Pecuniary Insurance?

Derived from the Latin word, pecuniary meaning money, pecuniary insurance, in simple terms, deals with monetary loss in some form or other.

Pecuniary insurance is coverage for monetary loss due to a wide range of factors from external and internal influences. Specifically, under this coverage only money lost is payable upon proof of claim.

Business Interruption

In pecuniary, business interruption is a business operation interrupted by damage to property caused by fire or any other perils, If, for example, a business is flooded by torrential rains, this coverage will pay the losses incurred as a result of an interruption in the company's regular business. The policy limits the amount of lost business time a company can claim on any loss. This time-frame is called the indemnity period.

Consequential Loss Insurance (CLI)

CLI is an indemnity loss of profit in consequent of material damage to properties used by business in generating profit.