Meaning Actual Loss Sustained
What does Actual Loss Sustained mean? Here you find 2 meanings of the word Actual Loss Sustained. You can also add a definition of Actual Loss Sustained yourself
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Actual Loss SustainedThe actual amount of monetary loss caused by a suspension of the customer’s business and subsequent loss of income resulting from direct physical damage to the customer’s property; or, caused by addit [..]
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Actual Loss SustainedThe basis of payment under most Business Interruption policies. The amount of the payment is limited to the actual amount the business would have earned had the loss not occurred.
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