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Kidnap, Ransom and Extortion Insurance indemnifies companies or individuals in the event of a kidnap, extortion, detention or hijacking incident and assist the insured to manage such risk.
Key Feature
Kidnap, Ransom and Extortion Insurance covers below contingency:-
Kidnap
Wrongful Detention
Hijack
Extortion against Products, Property, Proprietary Information, Computer System and People
Coverage
Kidnap, Ransom and Extortion Insurance covers below contingency:-
Kidnap
Wrongful Detention
Hijack
Extortion against Products, Property, Proprietary Information, Computer System and People
In case of insured contingencies, our Kidnap, Ransom and Extortion Insurance will indemnify
Ransom and extortion money
Loss of a Ransom and extortion money in transit
Legal liability including defense cost
Personal accident
Additional reasonable expenses incurred in connection with a kidnapping, an extortion threat, a hijacking, a political threat, or wrongful detention as agreed by underwriter
Exclusion
Fraudulent, dishonest and criminal act of insured.
Confiscation or expropriation of Reward or Ransom Monies by any governmental authority
Monies or property surrendered on the Premises unless brought onto the Premises after receipt of the Extortion or demand for Ransom Monies for the purpose of paying such demand.
Wrongful Detention if any Insured Person(s) who is an active member of any governmental organization, official law enforcement or military force.
Wrongful Detention due to failure of an insured person to properly procure or maintain immigration, work, travel, residence or similar visas, permits or other documentation
Wrongful Detention due to any act of alleged act of an insured person which would be a criminal offense if committed by same party in the country where such person is national
