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Imagine the overwhelming feeling of freedom and sheer joy
that would be felt upon the release of a kidnap victim. Now
imagine the terror upon the realization that you are without
insurance. Your company or family had to pay the large
ransom, purchase specialized phone equipment, hire security
protection, hire a negotiator, and pay many more expenses,
all of which were only made possible by liquidating all
assets. In addition to this overwhelming amount of debt, in
order to rejoin society the kidnap victim may need extensive
psychiatric counseling and rehabilitation.
Kidnap and Ransom Insurance has been
developed to reimburse the policy owner for the
expenses incurred with a kidnapping.
A policy owner will apply for coverage to
protect against a loss caused by a kidnapping or
an extortion. The policy owner may apply for
benefits up to their personal or corporate net
worth. If a claim occurs the policy owner will
need to come up with the money to provide the
kidnappers and then they will submit a claim to
be reimbursed for the expenses.
One of the most beneficial parts of the plan
is the unlimited expenses for the Crisis
Response Team. The Crisis Response Team has
worldwide knowledge about negotiations in each
specific location.
Benefits Include:
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Ransom Reimbursement
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Personal Accident
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Loss of Ransom during delivery
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Private Negotiator
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Public Relations
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Travel Expenses
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Psychiatric Expenses
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Reward Payments
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Financial Losses
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Loss of Income
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Employee Lost Income
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Asset Protection
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Security Coverage
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Specialized Equipment
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Rehabilitation Benefit
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Funeral Expenses
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Child Care
Example: A production company is shooting a
documentary project that takes place in
Iraq. Kidnap
& Ransom coverage for the cast & crew being deployed
and of course the concern of war and terrorism was
very important. Film Emporium was able to
package their needs to include the above coverage as
well as insuring their rented equipment, foreign
liability, etc. all on a short term, project
specific basis.
Read Definitions
of Insurance for more details
Insurance Companies
* A Rated Insurance Companies by AM Best
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