Kidnap & Ransom Protection
Worldwide realizes the current level of global uncertainty, together with the ever increasing activities of terrorist and criminal organizations, often expose families and corporations to their worst nightmare: the demand for money in exchange for the life of a relative or employee.
The K&R policy protects personal and corporate assets against financial loss arising from the payment of a ransom. The payment of large ransoms for the release of loved ones or business associates can cause both families and corporations to suffer serious financial difficulties without this protection.
Below is a brief description of what the policy includes:
- Ransom, Detention and Hijack payment up to the insured amount.
- Product Extortion (for Corporate policies only).
- Fees and expenses of an independent negotiator.
- Legal Cost
- Reward to an informant
- Interest on authorized loans to meet a ransom.
- Fees and expenses of independent forensic analysis
- Personal and Financial Loss, where given
- Reasonable cost of cosmetic or plastic surgery
- Cost of medical or psychiatric care
- Fees and expenses of public relations consultants and interpreters
Please contact us for more information.