Kidnap & ransom policies have come a long way since their inception in the 1930’s. They have had to evolve with the changing environment and today’s global threats. Our policy is designed for modern businesses operating globally, and covers not only traditional risks but also cyber extortion. Our broad and modular policy ensures wide coverage and provides access to a wide range of expert knowledge and consultancy. We offer kidnap and ransom specific legal liability to companies and a wider definition of bodily injury than many other insurers. In addition, policyholders have access to a global 24/7 incident response hotline.
Our policy is relevant for companies of any size and within a wide variety of industries. Whether it is select individuals going on single trips or thousands of employees travelling globally, our policy provides cover for a wide range of overseas exposures.
As businesses operations are increasingly dependent on technology, cyber extortion has become a real and significant threat to companies. Our policy is designed for modern businesses and provides cover for the threat of cyber extortion, including the cost of ransom and additional expenses incurred as a result. In addition, we provide access to cyber response consultants who can assist in mitigating the consequences of a cyber breach.
EXPANSIVE COVER AND ENDORSEMENTS AVAILABLE
Our policy also insures against other forms of extortion and also covers disappearance investigation costs and costs incurred during a hostage crisis. Emergency political evacuation and repatriation is also offered as default. Additional extensions cover business interruption, express kidnap, threat expense, child abduction, assault and stalking threat.
EXTENDED PERSONAL ACCIDENT BENEFIT
Most other kidnap and ransom policies require death or dismemberment of a kidnap victim for the personal accident section to trigger. Our policy covers a wide range of bodily injuries, ensuring victims receive appropriate support.
COMPREHENSIVE LEGAL AND EXPENSE COVER
As well as providing Ransom Reimbursement and cover for Loss in Transit our policy also includes Legal Liabilities and covers for a multitude of additional expenses which arise during the course of an incident.
24/7 ACCESS TO EXPERT RESPONSE CONSULTANTS
CFC policyholders have access to global response consultant firms. Our cover provides access to a 24/7 emergency hotline in the event of an incident with no limit to consultant fees incurred.