Does business insurance covers cyber ransom payments if my business is hit with ransomware?

It depends on the policy. For a business owner’s policy, you can add that as an extra endorsement. My agency actually has some carriers that have very comprehensive, cyber coverage that I have written for a lot of my clients as well as myself.

I like to present to people, so, um, yeah, so to answer your question, if you have that endorsement or get an extra policy, yes, there is coverage for that, but you have to pay extra for it.

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