Protection when the unexpected happens
Key areas of kidnap and ransom insurance coverages
Kidnap and ransom insurance can provide financial protection and access to specialized support when serious security incidents occur. Coverage can address expenses and risks associated with kidnapping, ransom demands, extortion, detention and hijacking, locally or internationally. Global coverage zone.
Kidnapping and ransom
Helps cover eligible costs associated with a kidnapping and ransom demand, providing financial protection when an employee, executive, or other insured individual is abducted and held for ransom.
Extortion
Provides protection for covered extortion events involving threats against insured individuals, property, or operations, helping businesses manage the financial consequences and specialized response required during an extortion incident.
Wrongful detention
Helps protect insured individuals who are wrongfully detained while travelling or conducting business internationally, with coverage for eligible expenses that may arise as the situation is addressed.
Hijacking
Provides coverage for certain costs arising when an insured individual is unlawfully held during the hijacking of an aircraft, vehicle or other form of transportation while travelling.
Crisis management services
Provides access to specialized crisis management expertise to help businesses and insured individuals respond to covered security incidents, navigate complex situations, and make informed decisions throughout an event. Global Expertise: With offices and correspondents worldwide, The response teams provides localized knowledge and multilingual support for complex international incidents
Related incident expenses
Depending on the policy, coverage may respond to eligible expenses associated with a covered incident, helping reduce the financial impact on the organization and the individuals involved.
Support for complex global risks
Protect your people and business with the right strategy
Navacord advisors help businesses understand their exposure to security threats and build insurance strategies designed around their people, operations and international activities.
Specialized risk assessment
Our advisors assess travel, operational and geographic exposures to help identify risks and determine appropriate insurance protection.
Experienced insurance guidance
Access knowledgeable advisors who can help you understand complex coverage considerations and prepare for unexpected security events.
Coverage tailored to your exposures
We work with you to build coverage that reflects your organization, international activities and unique risk profile.
FAQs for kidnap and ransom insurance
Businesses with employees, executives, or other representatives who travel internationally may benefit from kidnap and ransom insurance. It can be important for organizations operating in or travelling to regions where kidnapping, extortion, detention, or other security threats are elevated.
Coverage can include eligible costs associated with kidnapping and ransom, extortion, wrongful detention and hijacking. Policies may also provide access to specialized crisis management and response services. Specific coverage varies by policy and insurer.
No. While coverage can be valuable for travel to higher-risk regions, security incidents can occur anywhere. An advisor can assess your organization’s travel patterns and exposures to determine whether coverage is appropriate.
Many kidnap and ransom policies provide access to specialized crisis management services that can support insured businesses and individuals during a covered incident. The services available will depend on the specific policy.
Coverage can be structured to protect executives, employees and other eligible insured individuals, depending on the policy. Your advisor can help determine who should be included based on your organization’s operations and travel exposures.
