Kidnap and Extortion for Ransom

In today’s uncertain political climate, conducting business internationally as well as within the boundaries of the United States has become more dangerous. If you or your employees travel domestically or overseas, maintain offices outside of the United States or have trade secrets that are vital to the organization, you are vulnerable to kidnap or ransom.

Lloyds of London has estimated that out of the more than 30,000 reported kidnappings each year, over 70 percent are resolved by ransom payments. Even where no ransom is involved, expenses may include the fees for negotiators, investigators, attorneys, public relations professionals, forensic analysts and security guards. In addition, there may be reward money, interest on loans and extensive medical costs not covered by traditional insurance plans.

CIS can provide Kidnap and Extortion for Ransom coverage to managed care organization on the Wrap+® policy, which covers Kidnap, Extortion, Illegal Detention and Hijack as insured events and is extended for e-commerce extortion threats when accompanied by a ransom demand.  Coverage includes access to a crisis response firm.

Travelers WRAP+®

Kidnap, Ransom and Extortion on Travelers Wrap+® policy covers Kidnap, Extortion, Illegal detention and Hijack as insured events and is extended for e-commerce extortion threats when accompanied by a ransom demand.  Expense reimbursement is provided in addition to the policy limit, which includes investigative expenses, interest, salary, legal services and travel expenses.  Coverage automatically includes the benefit of a professional crisis response firm, ASI Global, at no additional cost to provide emergency response services to Travelers insured clients.

Travelers SelectOne® Financial Institution Bond for Insurance Companies

Kidnap and Extortion coverage is extended for e-commerce extortion threats when accompanied by a ransom demand (specific expenses including crisis response firm fees, after-care costs, salaries and rewards are provided in addition to and up to 50% of the limits of liability).  Coverage automatically includes the benefit of a professional crisis response firm, ASI Global, at no additional cost to provide emergency response services to Travelers insured clients.

ASI GLOBAL Emergency Response Services

ASI Global is one of the world's leading independent risk consulting groups offering a broad range of investigative, intelligence, financial, security and technology services.  These services include crisis management, crisis planning and preparation and pre-incident services.  They maintain a network of highly trained specialists in cities throughout the world who can respond to global needs 24/7/365.

 "Nothing stated herein affects the terms, conditions and coverages of any insurance policy or bond issued by any of the referenced insurers, nor does it imply that coverage does or does not exist for any particular claim or type of claim under any such policy or bond."

Coverage underwritten by Travelers Casualty and Surety Company of America and its property casualty affiliates, Hartford, CT 06183