It is a time element coverage attached to the property policy, not a policy of its own. On a business owners policy it is usually built in. On a commercial package it is generally scheduled with its own limit, calculated from a business income worksheet. Either way it depends on the property section: if the underlying loss is not covered there, the income loss is not covered here. That is why the exclusions on the property form, earthquake and flood in particular, reach further than owners expect.
Related FAQs
Enough to cover lost income and the expenses that continue during a realistic recovery period, which is the part most often underestimated. The figure is usually built from a ...
That may be covered by dependent or contingent business interruption, which some programs include or add. We will review whether it fits your business.
No. It follows a covered property loss, so the underlying event has to be covered by your property policy.
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