Business risk
Time excess
Number of days of stoppage borne by the insured before loss of profits compensation begins.
In practice
It is measured in days, not in euros, and that's why it is misleading: seven days of excess in a plant that bills by shifts can be more expensive than an excess of one hundred thousand euros in material damage.
Where it is addressed
This term is covered in Riesgos patrimoniales and applies when taking out Daños Materiales.
