A financial loss occurs when damage is caused to a person's assets. A distinction is made between two types of financial loss:

• Non-genuine financial loss: A financial loss that occurs as a result of → Personal injury or property damage has occurred.
• Genuine financial loss: Financial loss that is independent of a → Personal injury or property damage has occurred.

Insurance against financial losses is included in the → Public liability insurance common. For some professional groups (e.g. lawyers and notaries), financial loss insurance is mandatory.

Source reference: See VDT publication "VDT article series part 5 l Glossary" and the source indicated there.