What is Illegal Remuneration / Profit Exclusion | Insurance glossary by upcover

This clause prevents cover for profits, commissions, or bonuses to which the insured was not legally entitled. For instance, if a business overbills a client or receives payment through false claims, those proceeds aren’t insurable. Why it matters: It reinforces that insurance is for accidental loss, not unjust enrichment or fraud.

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Sum Insured (Strata)

Market Value Cover (Strata)

Replacement Cost Cover (Strata)

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Related Term

Sum Insured (Strata)

Market Value Cover (Strata)

Replacement Cost Cover (Strata)

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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