BP 14 07 Business Income And Extra Expense - Revised Period of Indemnity

An Insurance Services Office (ISO) standard form. It limits business income and extra expense at the premises in the Schedule to loss occurring within the number of consecutive months shown, instead of the standard period of indemnity.

1. 08 24 edition

   Aug 2024, compared with 01 10Latest edition

   • The period for business income and extra expense is now measured in consecutive months instead of consecutive days.

     01 10

     “"applicable number of consecutive days"”

     08 24

     “"applicable number of consecutive months"”

Where filings record what this form replaced, they name earlier edition 01 10. Only some filings record replacements.

• Edition in use: in the past 12 months, 8 companies filed the 08 24 edition and 5 companies filed 01 10.
• BP 00 03 (Businessowners Coverage Form) is filed alongside it most often, in 85 of the same filings (69%).

Data from admitted P&C filings with state insurance departments, submitted Oct 2021 to Oct 2026, excluding withdrawn and rejected filings.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 14 07 in 3 filings

• BP 00 03Businessowners Coverage Form85 filings
• BP 04 02Additional Insured – Managers Or Lessors Of Premises85 filings
• BP 04 06Additional Insured – Controlling Interest85 filings
• BP 04 09Additional Insured – Mortgagee, Assignee Or Receiver85 filings
• BP 04 10Additional Insured – Owners Or Other Interests From Whom Land Has Been Leased85 filings
• BP 04 47Additional Insured – Vendors85 filings
• BP 04 48Additional Insured – Designated Person Or Organization85 filings
• BP 04 07Additional Insured – State Or Governmental Agency Or Subdivision Or Political Subdivision – Permits Or Authorizations Relating To Premises84 filings
• BP 04 11Additional Insured – Co–Owner Of Insured Premises84 filings
• BP 04 16Additional Insured – Lessor Of Leased Equipment84 filings