Limits: Up to $65 million

Minimum premium: $1,000 

Deductible: No retention or deductible

Availability: In all 50 states and DC (non-admitted in SD and WA).

Target risks: Organizations of any type and size including private companies, public companies, academic institutions, hospitals, non-profits, engineering firms, NGOs, houses of worship, tech firms, and high net worth individuals and families.

Program features:

• Unlimited fees for services provided by Control Risks for insured events
• Worldwide coverage with separate limits for ransom, transit, additional expenses, legal liability and personal accident
• Annual, trip or multi-year policies available
• 10% of annual premium available towards loss preventative security services offered by Control Risks - pre-approval by underwriter required.
• Additional expenses covered such as: medical expenses, psychiatric care, temporary workers, rest and rehabilitation and public relations consulting
• Enhancement options available to a wide range of risks including academic and healthcare
• Exclusive endorsement available with increased coverages

Who is covered?

• All directors, officers and employees of insured
• Family members (including spouse, domestic partners, extended family) 
• People who reside in the insured person's household
• Guests in the home of insured person
• Guests and/or customers of assured on insured's premises or in insured's transport
• The person negotiating and delivering ransom

What events are covered?

• Kidnap: An actual or alleged kidnapping of an insured person for ransom
• Extortion: Threat to assured and/or insured person(s) for demand of ransom, including threats against the insured person, property, trade secrets, and computer data
• Products extortion: Threat to assured's products for demand of ransom
• Detention: Holding under duress of an insured
• Hijack: Any aircraft, motor vehicle, railroad train, or waterborne vessel on which the insured person is traveling

What losses are covered?

• Ransom (up to full policy limits): Includes cash and/or marketable goods surrendered by or on behalf of the insured in connection with an insured event
• Transit (up to full policy limits): Includes damage, destruction, disappearance, confiscation or wrongful abstraction of ransom while being delivered
• Legal liability (up to full policy limits): Includes those costs incurred as a result of any action for damages brought by or on behalf of an insured person as a result of an insured event. Defense costs are in addition to the limit of liability
• Personal accident ($250,000 per insured/$1,250,000 aggregate): death, loss of limb, loss of sight, loss of extremity, or permanent total disablement of insured person as result of insured event
• Additional expenses (up to full policy limits)

Download the Kidnap, Ransom & Extortion coverage highlights sheet

In the event of a claim, please refer to your policy's declarations page for instructions.