Kidnap & Extortion
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 NYA International, 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 FAQs
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