Kidnap & Ransom Insurance

The threat of kidnap and ransom has dramatically increased in the U.S. and abroad. Incidents are happening with alarming frequency throughout the world, and not just in traditional "hot spots" like Latin America and the Mid-East. Today's insurance coverage needs to address the concerns of high profile organizations as well as smaller firms whose employees and corporate assets are equally at risk.

HCCS has been writing Kidnap/Ransom, Extortion and Detention Insurance for over 25 years, addressing the full range of exposures facing commercial enterprises and individuals based in the U.S. and overseas. Our broad policy offers a comprehensive package of protection designed to help victims cope with what can be devastating emotional and financial consequences should an event occur.

Policy Highlights:

• Kidnap/Ransom (K&R): reimburses the policyholder for ransom paid following an actual or alleged kidnapping of an "insured" person, relative or guest.
• Extortion Bodily Injury: reimburses the policyholder for ransom paid following the receipt of a threat to kill, injure or kidnap an "insured" person, relative or guest.
• Detention: reimburses the policyholder for the salary of an "insured" person, relative or guest who is the victim of a detention, as well as certain, expenses incurred by the policyholder.
• Extortion Property Damage: reimburses the policyholder for ransom paid following the receipt of a threat to cause physical damage or loss to the insured''s products or property.

Go to  http://www.hcc.com/Default.aspx?TabId=377 to learn more.