We collected information about Business Income 72 Hours for you. Follow the liks to find out everything about Business Income 72 Hours.
https://www.propertycasualty360.com/2019/12/04/common-issues-in-business-income/#:~:text=For%20each%20occurrence%20of%20business%20income%20loss%2C%20a,the%20time%20of%20direct%20physical%20damage%20to%20property.
https://www.propertyinsurancecoveragelaw.com/2011/01/articles/commercial-insurance-claims/a-business-income-deductible-is-a-concept-of-time-understanding-business-interruption-claims-part-54/
For business income (not extra expense) that definition says the period does not begin until seventy-two hours "after the time of direct physical loss or damage." Thus, whether partial closure or complete shutdown occurs, there is no recovery of any business income loss during the first seventy-two hours.
https://www.propertycasualty360.com/2019/12/04/common-issues-in-business-income/
Business income coverage will be available as soon as the first 72 hours have passed from the time the civil authority prohibited the access that affected the …
https://roughnotes.com/rnmagazine/1998/june98/06p8.htm
The definition explains that the 72-hour waiting period applies to business income only, not to extra expense, and begins after a direct physical damage covered cause of loss occurs that results in a business income loss. What this all boils down to is this: first a covered physical damage loss must occur.
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https://www.propertycasualty360.com/2017/12/13/your-questions-answered-business-income-waiting-pe/
For business income (not extra expense), that definition says the period does not begin until seventy-two hours “after the time of direct physical loss or damage”.
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