Kidnap, Ransom and Extortion pose significant threats to companies, and those employees that serve them around the world. Most vulnerable are organizations with foreign operations, employees traveling to and living overseas, those with high profiles, and those with large assets that work with sensitive information and cutting-edge technology. Properly managing a kidnapping, ransom or extortion event is essential in protecting the life and well-being of employees while protecting the organization’s assets as well. Also, very important, in this time of legal hazards, is providing the coverages necessary in a prudent manner to protect your employees.
Our Kidnap, Ransom and Extortion (KRE) Insurance Products for Companies protects organizations against the financial loss that can arise when an employee is seized or detained for ransom or extortion purposes. Backed by unparalleled Emergency Crisis Teams and best-in-class insurance products, XL-Catlin KRE Coverage helps organizations resolve these incidents successfully.
Coverage encompasses a broad range of claims:
- Kidnapping for ransom
- Express kidnapping
- Wrongful Detention
- Extortion (against persons and property)
Plan design allows the flexibility to extend coverages to officers, directors and employees, their guests, relatives, and any person delivering or handling ransom money. XL-Catlin, can and will design the plan a Company needs.
Will reimburse the insured company for expenses/ransom once a covered crisis is over and receipt of payments made are received subject to Policy Coverages.
Provides clients with unsurpassed support including medical and emergency travel assistance services.
Offers 24/7 access to claims personnel dedicated to KRE-related claims
Call for a free consultation, or give us your email to set up a time.