Kidnap, Ransom & Extortion Insurance covers losses arising from kidnapping, ransom and extortion demands made against insured companies and/or employees. While rarely publicized, kidnapping of employees based or traveling overseas, and extortion against corporate assets or products are on the rise. This specialized coverage provides financial protection, as well as access to consultant services to help manage these growing risks.
Key Features
Coverage includes:
• Ransom/extortion payments and related expenses
• Business interruption costs
• Litigation costs where applicable
• Access to crisis management experts
Certain geographic areas may be excluded. Please refer to your local country manager for more information.
Kidnap, ransom & extortion insurance may be of particular interest to:
- Any company with employees traveling or based overseas, especially in Latin America, Eastern Europe, Asia and Africa
- Cash rich or high profile companies
- Manufacturers or retailers of consumer goods
