What is the maximum duration typically covered for business income in most policies?

The typical maximum duration covered for business income in most insurance policies is indeed 90 days. This duration is designed to provide a reasonable window of time for a business to recover from a loss due to a covered peril, allowing for repairs, rebuilding, or the relocation of the business if necessary.

Policies often have this specific limit to manage risk for insurance providers, balancing the need for coverage with the potential costs associated with prolonged business interruption. A 90-day period is often seen as ample time for most businesses to stabilize and transition back to their normal operating state. This is relevant in various contexts, such as businesses affected by fire, natural disasters, or other interruptions that necessitate recovery efforts.

It's important to note that while coverage of 90 days is common, some policies may offer options for extended coverage or different terms depending on the specific needs of the business and the insurance company's policies. The other durations listed—30 days, 60 days, and 120 days—do not reflect the usual maximums but might be offered as options under specific circumstances or different policies. However, 90 days stands out as a standard industry practice in many business income interruption policies.