You may think it couldn't happen to you or your company, but anyone could be a victim. That's why your company should have this coverage, which generally pays for ransom demands and other related expenses of a kidnapping or extortion on a worldwide basis.
Kidnap & Ransom coverage (sometimes through endorsement to the base form) may be provided in the event of:
Ransom demand for a kidnapping
Bodily injury extortion
Expenses related to an insured event
Legal obligations related to an insured event
Business interruption coverage
Baby-nap coverage, where applicable
Computer system "extortion"
Your policy is supported by an international crisis management firm 24 hours a day, 7 days a week. You will be covered for the expenses associated with the crisis management and kidnap/ransom emergency team, including hostage and extortion negotiation, ransom delivery and retrieval services.
