Define: Direct Losses
all losses, liabilities, claims, demands, actions, costs, expenses and damages, proceedings, demands and charges whether arising under statute, contracts or at common law;
all losses, liabilities, claims, demands, actions, costs, expenses and damages, proceedings, demands and charges whether arising under statute, contracts or at common law;.
Relevant Circumstances
- When liability is capped at direct losses to the exclusion of consequential damages
- If the boundary between direct and indirect loss must be defined clearly
- Where indemnity scope turns on the direct-loss definition