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International Kidnap & Extortion Policies
With increasingly volatile economic and political conditions around the world, employees of U.S.- based businesses doing business overseas face a greater kidnapping risk than ever. Incidents are not limited to counties traditionally considered high risk – today a kidnapping can take place anywhere in the world. To address this troubling exposure, companies with staff who travel overseas purchase international kidnap & extortion coverage.
Why is Kidnap & Extortion Insurance Needed
As global commerce grows, risk of kidnapping increases for corporate executives, key employees, wealthy citizens, and their families.
Any U.S. firm with employees located overseas or who travel internationally, not just high-profile multinationals, are prime targets for extortion attempts by opportunistic criminals.
Kidnap & Extortion Insurance Coverages
- Kidnapping & alleged kidnapping
- Bodily injury extortion
- Property extortion
- Product adulteration extortion
- Proprietary information extortion
Recommended Limits for Kidnap & Extortion Insurance
- Automatic $100,000
- Options from $250,000 to $5 million
Features of Kidnap & Extortion Insurance
- Kidnap & Extortion Insurance automatic & optional coverage available as part of the ACE USA International Advantage® Package policy.
- Prevention and response efforts coordinated by Neil Young Associates, recognized world leader in special risks market with highly successful intervention record.
Contact a Cravens Warren International Kidnap & Extortion Insurance specialist today for a free
risk evaluation and quote
Kidnap & Extortion FAQ
What does Kidnap & Extortion Insurance Coverage provide?
Ransom & Extortion payments, including: Kidnapping or Alleged Kidnapping for Ransom; Extortion upon you or a covered person(s); In Transit Extortion/Ransom Moneys Loss; Kidnap & Extortion Expenses; Detention Expenses; Legal Costs; Medical/Death or Dismemberment Incident Response
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Who handles Kidnap & Extortion Insurance Incidents?
Neil Young Associates, a premier global crisis consultant, provides information services and crisis response to clients.
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Kidnap & Extortion Insurance limit options…
Limits start at $250,000 and we can go up to $5,000,000.
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What affects Kidnap & Extortion Insurance premium?
Policy limit; Worldwide revenue; Countries of travel; Past incidents
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Who should buy Kidnap & Extortion Insurance?
Corporations, for their key executives and employees, and their families; Nonprofit organizations, for their benefactors, key employees, and their families; Schools and Universities for their faculty members and students traveling overseas on school sponsored trips; Churches for their members traveling on church sponsored trips.
Worldwide but excluding the following countries: Afghanistan, Algeria, Angola, Brazil, Chad, Chechnya, Colombia, Congo, Cuba, Georgia, Haiti, Indonesia, Iran, Iraq, North Korea, Liberia, Lybia, Mexico, Nepal, Nigeria, Pakistan, Peru, Philippines, Saudi Arabia, Sri Lanka, East Timor, Russia, Sierra Leone, Somalia, Sudan, Syria, Tobago, Trinidad, Venezuela, Yemen, Zimbabwe
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Kidnap & Extortion Insurance coverage territory…
Territory for automatic $100,000 K&E coverage:
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Territory for optional Kidnap & Extortion Insurance coverage
Worldwide unless modified by endorsement.
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