Whether your company is a financial institution, a multi-national company with operations in high-risk areas, a local company with high-profile executives, a healthcare provider or company dealing with confidential information, Kidnap/Ransom insurance should be considered. 

Insurance coverage is available from several top insurers to address the costs associated with a kidnap, extortion or detention event. As important as insurance coverage is having a crisis consulting firm to help with local authorities, guide decision-making and aide in rehabilitation efforts after an event. Each insurer makes this service available as part of the coverage through outside consultants.

Basic insurance coverage includes:

• Kidnap/Ransom: insurance protection for ransoms paid during an actual or alleged kidnapping of a insured person, relative or guest.
• Extortion for Bodily Injury or Property Damage: reimbursement for ransoms paid following the receipt of a threat to harm a person or cause physical damage to an insured’s property.
• Detention: coverage for the salary of an insured person, relative or guest who is the victim of a detention
• Crisis Consultant Costs: covers the costs of consultants involved in handling the crises

Insurance can also include coverage for Accidental Death & Dismemberment, Emergency Repatriation and Relocation, Business Interruption and Infant Abduction. 

Annual and multi-year terms are available for this insurance coverage. The Executive Liability Practice at HUB Rigg would like the opportunity to assist you with the consideration of this insurance coverage.