Preferred Concepts LLC
Contact Us
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Preferred Concepts LLC
Contact Us
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Kidnap & Ransom
Kidnap and ransom insurance (or "K & R" as it is known) provides protection from the financial consequences of a kidnapping and extortion attempt. It is often felt an important coverage for companies sending executives abroad to travel or live, but is becoming more important for US companies.
K & R insurance provides financial and other resources to aid corporations and the families of employees in resolving a ransom demand in a kidnapping. Most policies also provide financial resources required to resolve an extortion threat against corporate assets or products, and some come with security services to help in the event of a covered situation. The policy may also cover additional expenses such as travel-related costs, and money lost in transit.
A number of smaller companies are beginning to purchase this coverage. Pricing and limits are dependent upon the size of the company and the location of its employees overseas. South America is one of the highest risk areas in the world, and companies with employees living or traveling there regularly pay significantly higher rates. However, pricing is inexpensive for most situations.
Coverage is dependent upon the specific circumstances of the insured corporate entity, but is typically provided broadly to cover family members as well as employees. Coverage territory can be worldwide or a defined geographic area. Since certain areas are higher risks than others are, pricing and terms are greatly impacted by the location of company employees.

Pricing factors can include:
  • Company size
  • Coverage terms including limits and deductibles
  • Location of the company’s employees
  • Previous incidents
  • The visibility and security of the company
Purchasing K & R insurance is easy, but the process must be confidential. The existence of the coverage could create a target where none existed, and could also trigger fraudulent claims. The application process is straightforward for the simple account, with a short application resulting in a proposal. However, companies with unique situations or significant numbers of employees in higher risk territories require more thorough underwriting.
For more information, please call (860) 527-9717 or send an e-mail to [email protected]. You can get additional information on their products, insurance applications, and Specialty Lines insurance information on their Web site

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    Wholesale Broker
  • Admitted:
  • Carriers:
  • Carrier Ratings:
    A.M. Best A rated
  • Commission:
  • Min Premium:


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  • Applications
    Please complete the appropriate application and fax to Robert Sargent at 860-527-2438.


Mercator Risk Services utilizes a short brokerage agreement, which is typically completed at the time of binding your first account.
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Preferred Concepts LLC has other insurance programs like Accountants.