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Kidnap & Ransom. Kidnappings of employees or their family members, as
well as extortion, are very real and significant threats. These threats are
real dangers for companies operating both overseas and in domestic markets.
Due to globalization of economies, multinational companies need to prepare for
the possibility of attacks on their employees and facilities virtually anywhere
in the world.
Kidnappings, extortion schemes and hijackings can have devastating consequences.
Worldwide-reported kidnappings have risen by more than 70% in the past 8 years.
Many companies often overlook the need for Kidnap & Ransom insurance because they
feel "it won't happen to us." A comprehensive insurance policy can help to ensure
the safety of a company's employees and their loved ones and protect a company's
financial assets.
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Executive Officers of corporate insureds and their
spouses considered direct insureds under the policy
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Indemnity for Death and Dismemberment as a result of a kidnap,
detention or hijack event
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Immediate crisis response by leading security consultants
and experts in crime risk management
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Payment of fees and expenses for independent security
consultant and public relations consultant, as well as payment of other
covered costs, damages and defense costs
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Defense and indemnity coverage in the event of a lawsuit
alleging the insured was negligent in a hostage retrieval
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Expenses paid for items such as fees of independent
negotiators, interest costs incurred for loans taken for a ransom or
extortion payment, salary continuation, consequential personal financial
loss, reasonable medical/psychiatric expenses
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Kidnap & Ransom Coverage
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Extortion Coverage
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Detention Coverage
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Hijack Coverage
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Political Repatriation Coverage
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