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 may have 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.