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Kidnap and Ransom Insurance Overview

Kidnap and ransom (K&R) insurance provides protection for ransom payments, related expenses, and legal liability arising from kidnapping, extortion, hijacking, and wrongful detention events. Standard K&R policies cover employees, officers, directors, and their families, while some policies extend coverage to independent contractors, volunteers, students, and guests. Common types of K&R victims include employees (34%), business people (21%), aid workers (13%), and security force personnel (10%). K&R insurance is recommended for corporations, non-profits, government contractors, academic institutions, production companies, and high-net-worth families due to the growing threat of kidnapping and extortion around the world.

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15 views1 page

Kidnap and Ransom Insurance Overview

Kidnap and ransom (K&R) insurance provides protection for ransom payments, related expenses, and legal liability arising from kidnapping, extortion, hijacking, and wrongful detention events. Standard K&R policies cover employees, officers, directors, and their families, while some policies extend coverage to independent contractors, volunteers, students, and guests. Common types of K&R victims include employees (34%), business people (21%), aid workers (13%), and security force personnel (10%). K&R insurance is recommended for corporations, non-profits, government contractors, academic institutions, production companies, and high-net-worth families due to the growing threat of kidnapping and extortion around the world.

Uploaded by

HITESH
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

NEW PROPERTY & CASUALTY INSURANCE

KIDNEPANDRANSOMINSURANCE
WhatisK&R [Link] companies are those that have employees based or travelling overseas; organizations which have highprofiles,handlelargeamountsofcash,orworkwithsensitiveinformationortechnologiescan beattacked aswell.K&RinsurancewouldprovideprotectionforRansom money,lossintransitof payment,relatedexpenses(salary,personalfinancialloss,medicalexpenses,rehabcost,consultant cost,defensejudgmentsettlementcost,deathordisablementfromacoveredevent. WhoshouldbuyK&R CorporationsSmall,MediumandLarge,NonGovernmentalOrganizations(NGOs),Relief and Aid Organizations, NonProfits, Government Contractors, Hospitals & Healthcare Institutions, Academic Institutions K12 and Higher Education, Traveling Music Acts and Broadway Shows, Religious Organizations, Houses of Worship, High Net Worth Families, Production&FilmCompanies WhatisCovered StandardCoverage EndorsedCoverage
Kidnap Ransom Hijack WrongfulDetention Extortion LegalLiability RelatedExpenses ExpressKidnap ThreatResponse DisappearanceInvestigation Evacuation&Repatriation ChildAbduction LossofEarnings(BusinessInterruption) HostageCrisis ProductsLoss

WhoisCovered CoverageTypicallyIncludes o Allofficers,directorsandemployees o Boardoftrustees,boardofmanagers,equivalentthereof o Relatives o Residentsandstaffofhousehold o Guests,visitors,customers o Leasedortemporaryworkers CanExtendCoveragetoInclude o Independentcontractorsandconsultants o Volunteersandmissionaries o Studentsandinterns MOSTCOMMONVICTIMTYPES
7% 3% 3% 9% 34%
Employees Dependants Businesspeople Aidworkers Securityforcepersonnel Professionals Governmentofficials Others*

10%

13% 21%

For More Details Please Contact


NEWPROPERTYCASUALTY@[Link] KHRISTYHITESH@[Link]

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