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Kidnap, Ransom and Extortion

Kidnap, ransom and extortion is becoming a much more common and serious threat for companies and individuals operating at home and abroad.

In high-stakes situations like these, the need for focused expertise and reliable protection is critical.

A calm, considered partner in a crisis

Our kidnap, ransom and extortion coverage is available for any type of company or high-net-worth individual who’s looking for protection and peace of mind.

We don’t just offer clear-sighted guidance on how to prevent these events from happening. We also provide policyholders with access to a leading international crisis response firm when the unexpected strikes.

Why get this coverage?

See how it can help you deal with the fallout from kidnapping, random or extortion. And ultimately, make a stressful situation far more manageable.

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Agent/broker resources

Limits: Up to $65 million

Minimum premium: $1,000 

Deductible: No retention or deductible

Availability: In all 50 states and DC (non-admitted in SD and WA).

Target risks: Organizations of any type and size including private companies, public companies, academic institutions, hospitals, non-profits, engineering firms, NGOs, houses of worship, tech firms, and high net worth individuals and families.

Program features:

  • Unlimited fees for services provided by Control Risks for insured events
  • Worldwide coverage with separate limits for ransom, transit, additional expenses, legal liability and personal accident
  • Annual, trip or multi-year policies available
  • 10% of annual premium available towards loss preventative security services offered by Control Risks - pre-approval by underwriter required.
  • Additional expenses covered such as: medical expenses, psychiatric care, temporary workers, rest and rehabilitation and public relations consulting
  • Enhancement options available to a wide range of risks including academic and healthcare
  • Exclusive endorsement available with increased coverages

Who is covered?

  • All directors, officers and employees of insured
  • Family members (including spouse, domestic partners, extended family) 
  • People who reside in the insured person's household
  • Guests in the home of insured person
  • Guests and/or customers of assured on insured's premises or in insured's transport
  • The person negotiating and delivering ransom

What events are covered?

  • Kidnap: An actual or alleged kidnapping of an insured person for ransom
  • Extortion: Threat to assured and/or insured person(s) for demand of ransom, including threats against the insured person, property, trade secrets, and computer data
  • Products extortion: Threat to assured's products for demand of ransom
  • Detention: Holding under duress of an insured
  • Hijack: Any aircraft, motor vehicle, railroad train, or waterborne vessel on which the insured person is traveling

What losses are covered?

  • Ransom (up to full policy limits): Includes cash and/or marketable goods surrendered by or on behalf of the insured in connection with an insured event
  • Transit (up to full policy limits): Includes damage, destruction, disappearance, confiscation or wrongful abstraction of ransom while being delivered
  • Legal liability (up to full policy limits): Includes those costs incurred as a result of any action for damages brought by or on behalf of an insured person as a result of an insured event. Defense costs are in addition to the limit of liability
  • Personal accident ($250,000 per insured/$1,250,000 aggregate): death, loss of limb, loss of sight, loss of extremity, or permanent total disablement of insured person as result of insured event
  • Additional expenses (up to full policy limits)

Download the Kidnap, Ransom & Extortion coverage highlights sheet

To obtain a copy of our Kidnap, Ransom & Extortion policy form, please contact:

Sarah Katz
(301) 961-9898
sarah.katz@victorinsurance.com

To help you and your clients understand and overcome risks, Victor Risk Advisory offers rock-solid industry insights, risk mitigation resources and much more.

Contact the kidnap & ransom team directly at managementliability.us@victorinsurance.com or connect with your business development contact.

Policyholder resources

In the event of a claim, please refer to your policy's declarations page for instructions.

The world is changing at an unprecedented pace. And complex new risks are emerging every year.

To help you understand and overcome these challenges, Victor Risk Advisory offers rock-solid industry insights, risk mitigation resources and much more.

All your coverage questions answered in minutes

What are our policy’s key features? Who’s covered? What events does it insure? What about the losses? Checkout our program highlights. 

Managing risks far from home

The more you travel, the higher the risk of kidnap, ransom and extortion. See how businesses can stay safe wherever they go.

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