Pecuniary insurance is coverage for monetary loss due to a wide range of factors from external and internal influences.
Pecuniary insurance provides cover for intangibles, such as income, revenue or value. There are several types of pecuniary insurance including:
- Legal expenses
- Credit insurance
- Fidelity guarantee
Each of these can be issued as a separate stand-alone policy. However, some insurers sometimes incorporate this into a packaged policy or commercial combined policy.
It is important to note that Business interruption insurance is also a type of pecuniary insurance, which is detailed separately.
