Kidnap and Ransom Insurance | Hiscox Special Risks

What is Kidnap and Ransom insurance?

A  Kidnap and Ransom policy is a necessity for organizations and individuals worldwide, and provides protection against a variety of security risks including threats and extortions against people, property and propriety information. Many organizations lack the resources and personnel to quickly and professionally respond to threatening situations. We help companies face their legal duty to exercise reasonable care in providing a safe workplace.

Appetite

Coverage & Benefits

Contact an Underwriter

Appetite

Business/Organizations - All sizes that are at risk for threats, extortions, kidnaps, or whose employees travel nationally and internationally, as well as for businesses with offices overseas.
Academic Special Protection Solution - Public and private K-12 schools, universities, colleges and academic institutions, including those with day-care facilities. Unique in the marketplace, Hiscox covers study abroad programs and on campus violence.
Hospital Special Protection Solution - Coverage includes child abductions by a non-custodial parent for all healthcare facilities.
Non Profit Organization and NGO Protection Solution - Coverage includes threats, disappearances, kidnap, travel evacuations and assaults for religious facilities and aid organizations.
Television and Film Special Protection Solution – For studios and production companies. Hiscox coverage includes threats, disappearance, assault, business interruption and emergency relocation and can extend to all cast and crew.
Personal Special Protection Solution - For high net worth individuals and high risk families who travel nationally and internationally.

For more information on our Kidnap and Ransom appetite, visit our K&R Appetite Guide.

Coverage & Benefits

Solutions that protect against industry specific threats for various classes:

Assault
Child abductions
Disappearances of insured persons
Express kidnaps
Extortion
Hijacks
Hostage situations
Kidnaps for ransom
Security related evacuations
Threats to:
- Kill or injure
- Damage property
- Divulge confidential or propriety information
Unlawful incarcerations by foreign governments

Covered losses may include:

Death or dismemberment benefit
Expenses for:
- Temporary security measures
- Legal advice
- Personal financial loss
- Psychiatric and medical care
- Public relations
- Rehabilitation
- Salaries of victim and replacement personnel rest
- Temporary security measures
- Travel and accommodation costs reward monies
Fees and expenses of Control Risks security consultants
Legal liability
Loss of revenue
Ransom monies
Additional reasonable and necessary expenses

Related products

While Kidnap and Ransom insurance provides comprehensive and tailored solutions in all industries, it also compliments our Crime, Terrorism and Cyber products as well. Visit the document finder to learn more about K&R and other related products.

Risk management

We partner with leading risk management services to ensure our clients have support and guidance, in addition to exceptional coverage.

Control risks

Control Risks

Since 1975, Control Risks has advised clients on the resolution of more than 3,000 cases of extortive crime in 129 countries.

Learn more about Control Risks.

Claims scenarios

Not sure what risks our product covers? We’ve brought some scenarios to life.

Threat response – United States

Express kidnap - Mexico

Extortion - India

Threat response – United States

The receptionist at a small service company receives a call from a disgruntled customer. The caller threatens to blow up the office. No demands were made or response was requested by the caller.

Threat response – United States

The receptionist at a small service company receives a call from a disgruntled customer. The caller threatens to blow up the office. No demands were made or response was requested by the caller.

Express kidnap - Mexico

An American executive of a medium-size organization traveling in Juarez was grabbed while walking to his hotel. He was driven to an ATM machine and forced to take out money before being stripped of his personal possessions. The kidnappers held him overnight and forced him to withdraw more money before they released him.

Express kidnap - Mexico

Extortion - India

An executive of a medium-sized technology company received an email that his children were going to be kidnapped unless a ransom demand was met. The perpetrator demanded $100,000 to be dropped off at a specific location.

Extortion - India

Document finder

Looking for a document? Find it here or check out our other resources.

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