:: this insurance allows you to provide counter-terrorist efforts, negotiation, release and repatriation.

Kidnap and extortion are very real and growing threats in today's world. While the most vulnerable companies to kidnapping are those that have employees based or traveling overseas, organizations that have high profiles, handle large amounts of cash, or work with sensitive information or technology are equally at risk.

K&R policies are indemnity policies - they reimburse a loss incurred by the insured. The policies do not pay ransoms on the behalf of the insured. The insured must first pay the ransom, thus incurring the loss, and then seek reimbursement under the policy. Losses typically reimbursed by Kidnap and Ransom policies are ransom payments, Loss of Ransom-in-transit and additional expenses such as medical expenses.

The policies also typically indemnify Personal Accident losses caused by a Kidnap. These include Death, Dismemberment, and Permanent Total Disablement of a kidnapped person. They also typically pay for the Fees and Expenses of Crisis Management Consultants. These consultants provide advice to the insured on how to best respond to the incident.

Most kidnappings are carried out in order to obtain a ransom, and in most cases a ransom is paid. Rescues are rare, largely because the authorities in most countries recognize that the safety of the victim is paramount. The average percentage of deaths following a kidnap is 9%. Killing usually takes place at the time of abduction rather than during the negotiation. Statistical averages show that in kidnapping cases: 67% Ransom is paid; 15% are released without payment; 9% are killed; 7% are rescued and 2% escape.

Our customer profile is any individual of any nationality or company with employees either traveling or based overseas particularly in Latin America, Asia, Eastern Europe and Africa.

Call us now for a custom quote: 561-301-8730