The period of restoration under business income coverage begins how many hours after a loss?

Under business income coverage, the period of restoration begins 72 hours after a loss. This timeframe is critical because it defines when the coverage for lost income starts to apply after the business has sustained damage. The 72-hour waiting period allows for the business to assess the situation, initiate necessary repairs, and resume operations.

This coverage is designed to provide financial support to businesses as they recover from disruptions caused by damages to their property or operations. By having a specific starting point for the restoration period, insurers can establish a clear timeline for managing claims and disbursing benefits to policyholders.

It’s essential to understand this duration as it impacts how businesses plan their recovery strategies and manage their finances during the critical time following a loss. Knowing that the coverage kicks in after 72 hours emphasizes the importance of prompt action in mitigating further losses and getting back to business as usual.