Under business income coverage, what is the initial waiting period before the period of restoration begins after a loss?

In the context of business income coverage, the initial waiting period before the period of restoration begins after a loss is typically set at 48 hours. This means that the insured business must experience interruption of income for a minimum of 48 hours due to a covered loss before any benefits for lost income can begin to be paid out. This waiting period serves as a form of deductible, ensuring that coverage applies only after a significant disruption occurs, which allows the insurer to manage the risks associated with business income claims.

The choice of a 48-hour waiting period aligns with insurance practices that recognize the need for some time to assess the situation and begin recovery efforts before claims can be processed. It reflects an understanding that businesses may be able to absorb short-term disruptions without incurring significant financial losses.