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Kidnap & Ransom Insurance

When your company conducts business overseas you are prepared for language barriers, exotic customs and diverse negotiating styles. What you cannot predict, however, is political upheaval and the increased danger of abduction and extortion. Kidnap for ransom is a real threat in many parts of the world, and global corporations have a duty of care to their local, traveling and expatriate staff.

An organization dealing with an incident faces potential losses from ransom payments, business interruption, litigation, adverse publicity and long-term damage to reputation. Protecting your organizations and your people conducting business globally is therefore more critical than ever.

What does Kidnap & Ransom insurance cover?

K&R Insurance provides coverage for kidnap, ransom, extortion and other crisis events such as hijacking, wrongful detention, threat, disappearance, hostage crisis, child abduction, assault and workplace violence. The policy reimburses all expenses reasonably incurred by the insured in connection with a valid claim.

The following coverage extensions are also available:

Insured Losses:

  • Ransom
  • Loss of ransom monies in transit
  • Unlimited fees of response consultants (Control Risks)
  • Additional expenses
  • Legal liability
  • Disappearance investigation fees
  • Hostage crisis costs and expenses

Why Buy Kidnap & Ransom Insurance?

In an ever changing world the list of high-risk countries constantly changes with economic and political conditions.

Key Factors to consider include:

  • Business opportunities in high risk environments
  • Corporate governance and duty of care to employees
  • Access to risk management expertise
  • Financial protection
  • Reputation protection

What limits should be purchased?

The limits purchased will depend on the insured’s size, profile, exposures, assets, perception of risk and risk appetite.

How is K&R Rated?

A number of key factors are taken into account when rating a K&R risk:

  • Business of insured
  • Number of persons to be insured
  • Location of persons to be insured
  • Frequency, duration and location of trave
  • Size of assets
  • Security
  • Details of any previous threats or incidents

Target Market

Cover is available for individuals on short trips or blanket coverage for a whole company on either an annual or multi-year basis.

Kidnap & Ransom

How Do I Start?

Talk or email us at Assurein, we will assess your needs and assist you tailor a comprehensive risk management program that addresses your specific needs.

Alternatively, you can fill the form below and our team will get back to you as soon as possible.

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