What BOP endorsement covers a company's lost business income and extra expenses due to loss of electrical service?

The Utility Time Element endorsement is designed specifically to cover losses in business income and additional expenses that a company incurs when there is a disruption in utility services, such as electrical power failure. This endorsement acknowledges that many businesses rely heavily on utilities, and a loss of electrical service can significantly impact operations, leading to lost income and potentially extra costs as the business tries to mitigate these losses.

By including this endorsement in a Business Owner's Policy (BOP), companies can secure financial protection against the indirect effects of utility interruptions, ensuring that they are compensated for the economic impact of such losses. This coverage is particularly important for businesses whose operations are critically dependent on electricity, thereby providing peace of mind and financial stability in the event of utility disruptions.