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COMMERCIAL PROPERTY CP 00 30 10 12 BUSINESS INCOME (AND EXTRA EXPENSE) COVERAGE FORM Various provisions in this policy restrict coverage. Read the entire policy carefully to determine rights, duties and what is and is not covered. Throughout this policy, the words "you" and "your" refer to the Named Insured shown in the Declarations. The words "we", "us" and "our" refer to the company providing this insurance. Other words and phrases that appear in quotation marks have special meaning. Refer to Section F.Definitions. A. Coverage With respect to the requirements set forth in the preceding paragraph, if you occupy only 1. Business Income part of a building, your premises means: Business Income means the: (a) The portion of the building which you a. Net Income (Net Profit or Loss before rent, lease or occupy; income taxes) that would have been earned (b) The area within 100 feet of the or incurred; and building or within 100 feet of the b.Continuing normal operating expenses premises described in the incurred, including payroll. Declarations, whichever distance is greater (with respect to loss of or For manufacturing risks, Net Income includes damage to personal property in the the net sales value of production. open or personal property in a Coverage is provided as described and limited vehicle); and below for one or more of the following options (c) Any area within the building or at the for which a Limit Of Insurance is shown in the described premises, if that area Declarations: services, or is used to gain access (1) Business Income Including "Rental to, the portion of the building which Value". you rent, lease or occupy. (2) Business Income Other Than "Rental 2. Extra Expense Value". a. Extra Expense Coverage is provided at the (3) "Rental Value". premises described in the Declarations only If option (1) above is selected, the term if the Declarations show that Business Business Income will include "Rental Value". If Income Coverage applies at that premises. option (3) above is selected, the term Business b. Extra Expense means necessary expenses Income will mean "Rental Value" only. you incur during the "period of restoration" If Limits of Insurance are shown under more that you would not have incurred if there than one of the above options, the provisions had been no direct physical loss or damage of this Coverage Part apply separately to each. to property caused by or resulting from a Covered Cause of Loss. We will pay for the actual loss of Business Income you sustain due to the necessary We will pay Extra Expense (other than the "suspension" of your "operations" during the expense to repair or replace property) to: "period of restoration". The "suspension" must (1) Avoid or minimize the "suspension" of be caused by direct physical loss of or damage business and to continue operations at to property at premises which are described in the described premises or at the Declarations and for which a Business replacement premises or temporary Income Limit Of Insurance is shown in the locations, including relocation expenses Declarations. The loss or damage must be and costs to equip and operate the caused by or result from a Covered Cause of replacement location or temporary Loss. With respect to loss of or damage to location. personal property in the open or personal property in a vehicle, the described premises include the area within 100 feet of such premises. CP 00 30 10 12 © Insurance Services Office, Inc.,2011 Page 1of 9