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The Chubb Primary℠ Kidnap, Ransom & Extortion Insurance
Kidnap Ransom and Extortion Insurance Highlights
Chubb’s exceptional combination of insurance and crisis management expertise allows businesses and their families to have peace of mind in knowing if the situation arose, they will not be alone in a time of crisis.
Key Features*:
- Worldwide coverage with no base policy excluded regions or territories, subject to applicable law
- Full policy limit is available for expenses paid due to a covered Kidnapping, Express Kidnapping, Extortion, Wrongful Detention, Disappearance, Hijacking, or Hostage Crisis
- Broad Insured Person definition, including all Employees and their direct family members
- Coverage applies 24/7/365, with no requirement for travel to be related to business activities
- Coverage for any consideration made to resolve a kidnapping or extortion attempt, regardless of type (e.g. money, cryptocurrency, or physical property)
The Chubb Primary Kidnap, Ransom & Extortion Insurance provides the following insuring clauses:
- Ransom
- Custody
- Insured Event Expenses
- Accidental Loss
- Legal Liability
- Emergency Political Repatriation Expenses
- Threat Expenses
- Optional Coverage
- Business Income with Extra Expense and Contingent Extortion
- Child Care Facilities with Legal Liability
*Coverage is subject to the language of the policies as actually issued.
The Ackerman Group
Included with your Kidnap, Ransom and Extortion policy is guaranteed access to The Ackerman Group, an independent international consulting firm. They offer a guaranteed, immediate response in a time of crisis and handle all aspects of hostage recovery, including negotiations, coordination with law enforcement, protection for ransom funds, and when appropriate their delivery.
To connect with The Ackerman Group, simply complete their onboarding form and immediately return it to your agent or broker. You will be contacted by a representative of The Ackerman Group to complete the process.
Resources
It’s a terrible fact that no one is immune to a kidnapping or extortion threat. A lack of proper coverage at a critical time, coupled with the potential for a significant financial loss, can result in untold agony and emotional devastation for all parties involved. With a combination of insurance and crisis management expertise, Chubb provides access to expert security negotiators and knowledgeable professionals equipped to manage the situation from every angle.
Learn more about this risk management service provided at no cost to policyholders.
Kidnap, Ransom & Extortion
Responding to a kidnapping, ransom or an extortion demand may be one of the most difficult managerial tasks an executive may face, and very few are fully prepared to address all the aspects of a case. Uncover what resources, services, and coverage options Chubb offers to help ensure the safety of employees.
Kidnap, Ransom & Extortion
Responding to a kidnapping, ransom or an extortion demand may be one of the most difficult managerial tasks an executive may face, and very few are fully prepared to address all the aspects of a case. Uncover what resources, services, and coverage options Chubb offers to help ensure the safety of employees.