Which type of coverage would protect a business from loss of income due to property damage?

The option that best protects a business from loss of income due to property damage is time element coverage. This type of coverage is specifically designed to address the financial impact that can result when a business’s operations are interrupted due to property damage.

Time element coverage typically includes business interruption insurance, which provides compensation for lost income during the period when the business is unable to operate as a result of a covered event, such as a fire or natural disaster. This is crucial for maintaining financial stability, as it helps to cover fixed costs and lost profit while the business recovers or repairs its property.

In the case of property damage, without time element coverage, a business may find itself struggling to maintain operations or paying bills without the revenue generated from its usual activities. Therefore, having this specific type of coverage is essential for businesses to safeguard against the risks associated with income loss due to unforeseen incidents.