Economic Loss

• Introduction


  Physical damage to property or personal injury resulting from negligence (Consequential)

  • Pure economic loss cannot be claimed for
• Spartan Steel v Martin


  1. Damage to goods/physical damage
  2. Loss of profit on damaged goods (consequential)
  3. Loss of profit on goods that couldn't be manufactured (pure economic loss)
• Weller v Foot and Mouth

  Pure economic loss cannot be claimed for, only when it arises directly from physical damage/injury