BP 04 97 Waiver Of Transfer Of Rights Of Recovery Against Others To Us (Waiver Of Subrogation)

An Insurance Services Office (ISO) standard form. It waives the insurer's right to recover payments made under the policy from the persons or organizations in the schedule, to the extent you waived your own right of recovery against them before the loss.

1. 08 24 edition

   Aug 2024, compared with 01 06Latest edition

   • The waiver now applies to any payments made under the policy, not only to injury or damage from your ongoing operations or your work under a contract with the scheduled party.

     01 06

     “arising out of your ongoing operations or "your work" done under a contract with that person or organization”

     08 24

     “because of payments we make under this Policy”

   • The waiver applies only to the extent you waived your right of recovery against the scheduled party before the loss.

     01 06

     Not in this edition

     08 24

     “applies only to the extent that the insured has waived its right of recovery against such person(s) or organization(s) prior to loss”

Where filings record what this form replaced, they name earlier edition 01 06 and other forms N/A, VP 04 97. Only some filings record replacements.

• Edition in use: in the past 12 months, 5 companies filed the 01 06 edition and 3 companies filed 08 24.
• BP 00 03 (Businessowners Coverage Form) is filed alongside it most often, in 94 of the same filings (99%).

Data from admitted P&C filings with state insurance departments, submitted Oct 2021 to Oct 2026, excluding withdrawn and rejected filings. One filing can cover several affiliated companies.

• Tokio Marine Holdings Incorporated GroupUses BP 04 97 in 3 filings

• BP 00 03Businessowners Coverage Form94 filings
• BP 04 48Additional Insured – Designated Person Or Organization94 filings
• BP 04 02Additional Insured – Managers Or Lessors Of Premises93 filings
• BP 04 16Additional Insured – Lessor Of Leased Equipment93 filings
• BP 04 06Additional Insured – Controlling Interest92 filings
• BP 04 07Additional Insured – State Or Governmental Agency Or Subdivision Or Political Subdivision – Permits Or Authorizations Relating To Premises92 filings
• BP 04 09Additional Insured – Mortgagee, Assignee Or Receiver92 filings
• BP 04 11Additional Insured – Co–Owner Of Insured Premises91 filings
• BP 04 10Additional Insured – Owners Or Other Interests From Whom Land Has Been Leased90 filings
• BP 04 30Protective Safeguards90 filings