Kidnap & Ransom
The threat of kidnapping and extortion has dramatically increased in the U.S. and other parts of the world. Incidents have occurred with alarming frequency throughout the world and are not
confined to the usual hotspots. Companies with employees traveling or based overseas are especially at risk, including the companies whose employees are also travelling in difficult parts within
the country as are families vacationing or residing in areas where such crimes are prevalent. In today's world, it seems that anyone can fall victim to these emotionally and financially devastating
Imagine the overwhelming feeling of relief and sheer joy that you would feel upon the release of a kidnap victim. Now imagine the subsequent stress that would follow the realization that you are not insured in case of a kidnapping or ransom request. Your company or family had to liquidate ALL assets to pay the large ransom, purchase specialized phone equipment, pay for travel expenses, hire security protection, hire a negotiator, and pay many more unforeseen costs. In addition, the kidnap victim may need extensive psychiatric counselling and rehabilitation. This financial trouble could be avoided with Kidnap and Ransom Insurance coverage.
A Kidnap and Ransom Insurance policy owner can apply for coverage to protect against a financial loss caused by a kidnapping or extortion coverage and can decide the coverage limit considering the business operation of the company. Investacc team will assist you to understand what are add-on covers available in the Domestic or International market and will also assist you to analyse exposure and decide about coverage limit in full confidence.