November 22, 2017

KRE2


Kidnap for ransom is a very real threat around the world.

Corporations need to protect their staff. Ransom demands can be overwhelming, with an estimated 15 countries recording cases of $25,000,000 or more in recent years. While kidnappers usually settle for a small percent of their original demand, the costs can be more than just financial. Kidnappers may refuse to negotiate and use excessive violence to achieve their aims.  

GMG Underwriters understands the challenges faced by companies with a global workforce. Our Kidnap and Ransom coverage offers :  

• Direct Independent investigations 
• Handle Negotiations
• Arrangement and delivery of funds 
• Reimbursement of costs associated with a kidnap for ransom
• Access to travel risk information and safe traveler training   

We make confidentiality our priority and are dedicated to providing you the most appropriate solution.

Optional Coverages

What's Covered:

  • Kidnapping or Alleged Kidnapping for Ransom
  • Bodily Injury Extortion
  • Property Damage Extortion
  • Trade Secret Extortion
  • Computer Virus Extortion
  • Product Extortion
  • Detention
  • Hijack

Extensions Available:

  • Emergency Evacuation
  • Recall and Destruction
  • Business Interruption
  • Loss of Product
  • Threat Expense
  • Child Abduction

What's Paid

  • Ransom Amount
  • Loss In Transit
  • Crisis Management Expense
  • Personal Accident
  • Legal Liability

Broad Additional Expenses, including:

  • Consulting Fees
  • Travel and Accommodation
  • Salary Reimbursements
  • Reward
  • Personal Financial Loss
  • Interest on Loans
  • External Security
  • Rest and Rehabilitation
  • Psychiatric Care
  • Medical Expense
  • Job Retraining
 


                                  

 

Contact us today for more information about K&R Insurance or complete our quote form.