A Kidnap & Ransom policy should be an integral part of your risk management program.
While no one can predict where or when a kidnapper or extortionist might strike, there are steps that you can take to protect your executives and families and prepare for a possible threat.
The Kidnap & Ransom policy will provide coverage for the following:
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Ransom and extortion payments as a result of a kidnapping or extortion threat.
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Loss of the ransom or extortion payment while being delivered.
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Expense coverage as a result of a ransom or extortion demand which includes fees and expenses of independent negotiators, and travel and accommodation expenses.
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Legal liability coverage protection in the event it is alleged the insured was negligent in a hostage retrieval.
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Political threat coverage for expenses when a person is wrongfully detained by anyone acting for a government or with the government’s approval.
