KIDNAP AND RANSOM INSURANCE PLANS that protect high net-worth individuals and their families within and outside their countries’ borders from the risks involved with their exposure to kidnapping and being held for ransom
A Kidnap and Ransom policy protects against various security risks, including threats and extortions against people, property, and propriety information. Many high net-worth individuals and organizations lack the resources and personnel to respond to threatening situations quickly and professionally.
- Business/Organizations – All sizes that are at risk for threats, extortions, kidnaps, or whose employees travel nationally and internationally and for businesses with offices overseas.
- Academic Special Protection Solution – Public and private K-12 schools, universities, colleges, and academic institutions, including those with day-care facilities. The policy can cover study abroad programs and on-campus violence.
- Hospital Special Protection Solution – Coverage includes child abductions by a non-custodial parent for all healthcare facilities.
- Non-Profit Organization and NGO Protection Solution – Coverage includes threats, disappearances, kidnap, travel evacuations, and assaults on religious facilities and aid organizations.
- Television and Film Special Protection Solution – Coverage includes threats, disappearance, assault, business interruption, and emergency relocation for studios and production companies and can extend to all cast and crew.
- Personal Special Protection Solution – For high net-worth individuals and high-risk families who travel nationally and internationally.
Covered losses may include
- Death or dismemberment benefit
- Expenses for;
- Temporary security measures
- Legal advice
- Personal financial loss
- Psychiatric and medical care
- Public relations
- Rehabilitation
- Salaries of the victim and replacement personnel rest
- Temporary security measures
- Travel and accommodation costs reward monies
- Fees and expenses of Control Risks security consultants
- Legal liability
- Loss of revenue
- Ransom monies
- Additional reasonable and necessary expenses