What it does
CR 04 04 adds an extortion insuring agreement to the government crime forms. The base forms exclude loss from surrendering ransom or responding to unlawful demands (including threats to harm people or property and cyber extortion), so a threat-and-payment loss is uninsured without this endorsement or a kidnap/ransom form.
Who needs it
Public entities that want extortion protection under their government crime forms.
How it fits the policy
Optional insuring agreements like this one are not part of the base forms. When attached, the agreement and its limit and deductible are shown in the declarations under the insuring agreements added by endorsement, and the agreement is subject to the base form's general exclusions and conditions, including the discovery or loss sustained trigger of the form it is attached to. ISO's forms index lists the current edition for 52 jurisdictions.
Quoting and selling notes
- Ask whether the client has received threats, operates in higher-risk regions, or has high-profile owners or officials.
- Check the scheduled limit and any premises or persons excluded by CR 35 16.
- For ransomware demands, look to a cyber policy; the crime form excludes payments in response to ransomware and similar attacks.
