Kidnap, Ransom, Extortion and Detention
Available from Tokio Marine HCC - Specialty Group
The threat of kidnapping and extortion has dramatically increased in the U.S. and abroad. Companies with employees traveling or based overseas and high-profile families are especially at risk. Yet, as the news constantly reminds us, no one is immune to these dangers.
Specialty Group has over thirty years of experience writing kidnap, ransom, extortion and detention insurance. Our insurance coverage is designed to assist companies and families with the financial and emotional burdens of such events, and to ensure the victims’ safety above all else.
Specialty Group policyholders benefit from unlimited fees and expenses for crisis response through Unity Resources Group (Unity), along with complimentary access to Unity's online security intelligence portal. Unity is on exclusive retainer to Specialty Group.
Helping secure the safe release of the victims is not where our coverage ends. After an incident of kidnapping, extortion or detention, we provide reimbursement for legal and medical expenses, reward monies, interest on loans, travel accommodations, security guards, and a myriad of other expenses.
•Admitted policy in all 50 states
•Capacity of up to US $50 million or currency equivalent
•Policy periods up to 36 months
•No minimum premium requirements
•No deductibles required on most risks
Bert Van Wagenen
Sr. Vice President, Specialty Underwriting