A Kidnap and Ransom Insurance Plan
exclusively from Lloyds, London / Travelers' Syndicate
offering coverage for Individuals, Families and Employees/ Employers of Corporations
Ransom Money - Informant Money - Crisis Management Services - Accidental Death -
Legal Liabilities - Rehabilitation - Personal Security Consultation - Reward Money - Negotiation Services - Family Counseling - Loss of Ransom In Transit - Medical Services & Emergency Evacuation - Interpretive & Forensic Services - Business Security Consultation
Best used for:
•Individuals, families, organizations and groups who are NOT U.S. citizens, but do have some USA affiliation, either via personal or business connections.
What is required to obtain a quote:
•Must have a U.S. connection in order for us to provide a quote/ proposal
This product is optimal for both personal and corporate individuals or groups, especially those who have international affiliations. The corporate application allows this plan to be tailored to your specific company requirements while having exposures internationally or domestically.
It is cost effective and sensible coverage.
Kidnap: A WorldWide Risk
While not all kidnapping attempts are perpetrated by professionals, kidnapping is a Billion Dollar business around the globe. It is often run by carefully trained teams whose mission is simply to ransom people for money. These kidnapping rings have decision makers, a negotiation team, and an implementation team. It is a worldwide problem, and Americans traveling outside the US (or even on the borders) are preferred targets although they may not think of themselves as targets.
You do NOT need to be a head of state, or a rock star to be a target!
Kidnap & Ransom Insurance provides an ability to meet cash ransom demands through reimbursement scenarios, and it carries with it the services of experienced response teams who work with the family and/or business for the safe return of the victim. In addition to kidnapping, there are other forms of crime which are covered under the K&R plan – illegal detention, extortion, home invasion, carjacking, express kidnapping and numerous other means of attempting to extort money from you or the company you work for or own. K&R policies are considered to be a "contingency" liability insurance plan.... plain and simple ! Do you have a personal liability insurance policy ? Most probably ! Why wouldn't you have a "contingency" liability policy then ? We can help you evaluate your needs... contact us for a free, no obligation evaluation. Kidnap & Ransom Insurance for those traveling abroad is a service worth serious consideration. Download the K&R application & brochure or call us at 417-882-1413 for a free & CONFIDENTIAL assessment of your needs.
Typically, such plans will start at a minimum premium of $600 per year and go up from there on a case by case basis. Each plan is customized. On average the costs can be $1000 or more per year (not much more than a typical commercial liability policy many would currently have on their own corporate or personal exposures). Many risk factors are considered when Lloyds rates the premium for your K&R policy, including length of travel, travel itinerary details, reasons for travel and policy limits requested. Each policy has to be individually rated based on these and other factors as noted in the Application & can take up to 24 hours to return a binding quotation from our London underwriters. We do NOT ask for financials in any form, just generalized questions on the application.
What are the risks ?
Corporate and personal security has improved dramatically. However, the use of kidnapping or extortion to gain access to industrial secrets, to make socio-political statements, or for monetary purposes, continues to rise.
The Crisis Response Team Involved
Petersen International Underwriters, the Lloyds coverholder issuing the K&R policy, utilizes coverage from a large Consortium of Underwriters (Travelers in particular) which retains the services of The Olive Group.
The Olive Group is retained exclusively by Travelers to provide Kidnap, Ransom & Extortion Crisis Management services. This Crisis Response Team is available 24/7 to respond to Travelers' Kidnap and Ransom policyholders with fast, expert support and advice for pre- and post-incident events.
Information regarding this product may change without notice. Please contact us with any questions or for a sample policy wording of the policy.
Kidnap and Ransom (K&R) Coverage is currently available worldwide
including the following high risk country listings:
AFGHANISTAN, ALGERIA, ANGOLA, AZERBAIJAN, BURUNDI, CENTRAL AFRICAN REPUBLIC, CHAD, COLOMBIA, CONGO REPUBLIC, COTE D'IVOIRE (IVORY COAST), DEMOCRATIC REPUBLIC OF CONGO, EGYPT, ERITREA, ETHIOPIA, GEORGIA (FORMER USSR), GUATEMALA, GUINEA, HAITI, INDONESIA, IRAN, IRAQ (incl. KURDISTAN), ISRAEL, WEST BANK (ISRAEL), GAZA STRIP (ISRAEL), JAMMU (INDIA), JORDAN, KASHMIR (INDIA), KENYA,
KOSOVO, KUWAIT, KRYGISTAN, LEBANON, LIBERIA, MADAGASCAR, MALAYSIA, MOROCCO, NEPAL, NIGERIA, PAKISTAN, PHILIPPINES, QATAR, RUSSIA, RUSSIA -CHECHNYA, RWANDA, SAUDI ARABIA, SENEGAL, SIERRA LEONE,
SOMALIA, SRI LANKA-NORTH & EASTERN PROVINCES, SUDAN, SYRIA, TAJIKISTAN, THAILAND, TOGO, TURKEY, UGANDA, UZBEKISTAN, VENEZUELA, YEMEN, ZIMBABWE