Executive Protection Kidnap, Ransom & Extortion Insurance

Protect yourself when crossing the globe with kidnap, ransom and extortion insurance

As business travel increases, threats to foreigners traveling abroad increases by 20 percent. Typically kidnappers aim to take foreign travelers captive to make a profit versus trying to harm them. Being protected financially with specific coverage will allow you and your family to easily pay kidnappers and return home safely. This coverage is designed to help your organization minimize the financial impact of a kidnapping, extortion or illegal detention.

Kidnap and ransom insurance protects those who travel internationally and is typically a standalone policy. This coverage is standard for:

Financial Institutions
Nonprofit Organizations
Private Companies
Public Companies

Some of the coverage’s associated with this policy can include:

Medical Ransom and Extortion Payments
Consultation Costs
In-transit money delivery coverage
Negotiation Costs
Judgment Settlements
Public Relations Costs
Defense Costs
Harm to the captive individual and his or her family, including the following: Death and dismemberment benefits, medical costs for injuries, Psychiatric treatment after the individual is freed.

Experts are provided to the family or representative of the family to successfully free the captive with minimal harm.

To speak with an expert at Gould in regard to your exposure and if this coverage is right for you give us a call (386) 734 3970.