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Kidnap & Extortion

With increasingly volatile economic and political conditions around the world, employees of U.S.- based businesses doing business overseas face a greater kidnapping risk than ever. Incidents are not limited to counties traditionally considered high risk – today a kidnapping can take place anywhere in the world. To address this troubling exposure, companies with staff who travel overseas purchase international kidnap & extortion coverage.

Latest Enhancement: 

Advantage Package now includes $250,000 of automatic Kidnap and Extortion coverage at no additional charge. Other K&E limits & Church or Educational coverage are available as options.

Why Needed:

  • As global commerce grows, risk of kidnapping increases for corporate executives, key employees, wealthy citizens, and their families.
  • Any U.S. firm with employees located overseas or who travel internationally, not just high-profile multinationals, are prime targets for extortion attempts by opportunistic criminals.

Coverages:

  • Kidnapping & alleged kidnapping
  • Bodily injury extortion
  • Property extortion
  • Product adulteration extortion
  • Proprietary information extortion

 

Limits

  • Automatic $250,000
  • Options from $250,000 to $2 million

Features

Kidnap & Extortion automatic & optional coverage available as part of the ACE USA International Advantage® Package policy.

FAQs

Who handles K&E incidents?

About red24
red24 is an assistance company that provides a range of security and other assistance services, offering preventative and reactive advice to help individuals and organisations to avoid and manage security risks to themselves, their families and their organisations.

What does K&E Coverage provide?

Ransom & Extortion payments, including: kidnapping or alleged kidnapping for ransom; extortion upon you or a covered person(s); in transit extortion/ransom moneys loss; kidnap & extortion expenses; detention expenses; legal costs; medical/death or dismemberment and incident response.

What are K&E limit options?

Limits start at $250,000 and we can go up to $2 million.

What affects K&E premium?

Policy limit; worldwide revenue; countries of travel; past incidents, industry, number of employees and number of permanent employees

Who should buy K&E?

Corporations, for their key executives and employees, and their families; non-profit organizations, for their benefactors, key employees, and their families; schools and universities for their faculty members and students traveling overseas on school sponsored trips; churches for their members traveling on church sponsored trips.

What is the K&E coverage territory?

Territory for automatic $250,000 K&E coverage:

Worldwide but excluding the following countries: Afghanistan, Algeria, Angola, Brazil, Chad, Chechnya, Colombia, Cuba, Democratic Republic of Congo, Georgia, Haiti, Indonesia, Iran, Iraq, North Korea, Liberia, Libya, Mali, Mauritania, Mexico, Nepal, Niger, Nigeria, Pakistan, Peru, Philippines, Saudi Arabia, Sri Lanka, East Timor, Sierra Leone, Somalia, South Sudan, Sudan, Syria, Trinidad & Tobago, Venezuela, Yemen, Zimbabwe

Territory for optional K&E coverage:

Worldwide unless modified by endorsement.