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Kidnap And Ransom
Kidnap And Ransom
K&R policies are written on a corporate and family or individual basis
K&R coverage includes:
- Ransom and Extortion Payments
- Expenses associated with negotiations/client recovery
- Accidental Death and Dismemberment
- Rest and Rehabilitation expenses
- Legal Liability
Who buys K&R Insurance?
- Corporations
- Not-for-Profits
- Financial Institutions
- Families
- Schools & Universities
- Churches
General Underwriting Information Required:
- Name of Insured
- Line of business/occupation
- Corporate revenues and/or personal net worth
- Number of employees and/or family members
- Foreign exposure – where; permanent and/or travel
- Previous threats or losses
- Security measures
Summary of Coverages:
- Ransom/Extortion Monies Payment
- Kidnapping or alleged kidnapping
- Detention
- Hijack
- Extortion
- Bodily harm or death
- Physical damage
- Trade secrets
- Computer virus
- Product contamination
- Harmful publicity
- Personal Accident (sublimit)
- Loss of limb, sight, hearing, extremity
- Permanent total disablement
- Death
- Transit Loss
- Destruction, disappearance or wrongful abstraction of ransom or extortion monies
- Control Risks Group
- Additional Expenses
- Public relations fees
- Interpreters fees
- Cost of travel and accommodation
- Reward monies
- Personal financial loss
- Gross salary reimbursement
- Extra salary expense
- Ransom money loa
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