Does your loss of income have a time deductible?

Yesterday I met with a small business owner that was frustrated with a recent claim. The power was out due to a storm and her ice cream parlor restaurant was without power for 48 hours. Aside from the loss of food, there was an obvious loss of revenue, BUT since the policy they had procured had a 72-hour waiting period, they could not claim any of their loss for that portion of the claim. Some insurance policies have a first dollar / first hour clause. ALL INSURANCE POLICES ARE NOT CREATED EQUAL. As a small business owner it is you duty to partner with professional providers that will help you avoid situations like this help you business thrive!