BP 05 47 Computer Fraud and Funds Transfer Fraud

An Insurance Services Office (ISO) standard form. It adds businessowners coverage, up to a scheduled limit, for money, securities and other property lost through fraudulent computer transfers, and for money and securities lost through fraudulent instructions to your bank to transfer funds.

1. 08 24 edition

   Aug 2024, compared with 07 13Latest edition

   • A former employee counts as an employee for 30 days after termination only if the termination was not for theft or another dishonest act.

     07 13

     Not in this edition

     08 24

     “unless such termination is due to theft or any other dishonest act”

   • Temporary workers and students are no longer excluded as employees while they have care and custody of property outside the premises.

     07 13

     “excluding, however, any such person while having care and custody of property outside the premises”

     08 24

     Removed

   • Employee benefit plan trustees and administrators are no longer listed as employees, and your managers, directors or trustees count as employees while acting on board-appointed committees.

     07 13

     Not in this edition

     08 24

     “Acting as a member of any committee duly elected or appointed by resolution of your board”

1 other edition date appears in one or two filings each, often carrier-specific versions: 01 06.

Where filings record what this form replaced, they name earlier editions 01 10, 07 13 and other forms VP 05 47. Only some filings record replacements.

• Edition in use: in the past 12 months, 5 companies filed the 07 13 edition and 2 companies filed 08 24.
• BP 00 03 (Businessowners Coverage Form) is filed alongside it most often, in 96 of the same filings (83%).

Data from admitted P&C filings with state insurance departments, submitted Oct 2021 to Sep 2026, excluding withdrawn and rejected filings.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

• Tokio Marine Holdings Incorporated GroupUses BP 05 47 in 3 filings

• BP 00 03Businessowners Coverage Form96 filings
• BP 04 16Additional Insured – Lessor Of Leased Equipment96 filings
• BP 04 48Additional Insured – Designated Person Or Organization96 filings
• BP 04 02Additional Insured – Managers Or Lessors Of Premises95 filings
• BP 14 05Additional Insured – Grantor Of Franchise95 filings
• BP 04 06Additional Insured – Controlling Interest94 filings
• BP 04 09Additional Insured – Mortgagee, Assignee Or Receiver94 filings
• BP 04 10Additional Insured – Owners Or Other Interests From Whom Land Has Been Leased94 filings
• BP 04 11Additional Insured – Co–Owner Of Insured Premises93 filings
• BP 04 47Additional Insured – Vendors93 filings