Product Overview
While the most vulnerable companies and organizations to kidnapping are those that have employees or group members based or traveling overseas, organizations that have high profiles, handle large amounts of cash, or work with sensitive information are also at risk. Companies need to prepare for these real threats. Individuals and families while traveling abroad for business or leisure are also at risk.
Global Underwriters offers customized Kidnap & Ransom plans (group and individual) for businesses, corporations, missionary and faith-based organizations, university and colleges, government contractors, entertainment industry, international organizations, non-government groups (NGO’s) and individuals.
View a PDF Brochure for Kidnap, Ransom & Extortion
KRE Benefit Summary
Kidnap, Ransom and Extortion Insurance not only protects against financial loss and liquidation but also provides worldwide resources and immediate access to services of leading crisis management and security consultants to manage incidents in conjunction with the policyholder. Our Enhanced Coverage further extends and adds a number of benefits/services that are unique to the K&R insurance market:
- Express Kidnap (covers kidnaps involving victims and their ATM withdrawals as ransom)
- Disappearance Investigation (covers investigation when someone goes missing)
- Travel Evacuation (covers evacuation for political or security reasons)
- Threat Response (covers expense responding to a threat of any kind)
- Business Interruption Expenses
Crisis Response
All of Global Underwriters Kidnap, Ransom and Extortion policies will come with access to 24/7 Emergency Crisis Response services. A KRE policy is only as good as its response, so make sure your policy includes this vital benefit.
Should an incident occur, the crisis response company should be the first point of contact, and they will manage the case as it unfolds. Some of their invaluable services include:
- 24/7 Access to a multilingual operations center
- Strategic and tactical advice throughout the entire incident
- Helping design and implement crisis management teams
- Family support
- Assisting in communications with local and US government officials
- Media support
- Post-incident victim support and repatriation