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5+ years of collective insurance experience
₹ 4000 Cr+ of cumulative risks insured
Provides coverage for significant costs related to ransom payments, crisis management, and legal expenses, reducing the financial burden on the insured.
Offers peace of mind and a proactive approach to managing the risks associated with kidnapping and extortion.
Access to professional crisis management services and experts to handle negotiations and ensure a swift resolution.
Provides protection for international operations and travel, addressing risks that may arise in various geographical locations.
Helps mitigate the impact on business operations and finances, allowing for continued operations and recovery from the incident.
Reimbursement for the actual ransom paid to secure the release of the kidnapped individual or recover stolen property.
Costs associated with hiring professional crisis management teams, negotiators, and security consultants.
Coverage for legal fees related to negotiations, investigations, and any related legal proceedings.
Compensation for medical treatment and personal injury if the kidnapped individual sustains harm.
Coverage for lost income and additional expenses resulting from the incident’s impact on business operations.
Kidnapping or extortion incidents that were known or anticipated before the policy’s inception.
Incidents involving internal or employee-related fraud, where the insured’s employees are involved in the kidnapping or extortion.
Losses arising from criminal activities unrelated to kidnapping or extortion, such as theft or burglary not involving ransom demands.
Kidnapping or extortion incidents arising from acts of terrorism, war, or conflict, unless specifically included in the policy.
Ransom payments or actions taken in violation of local laws or regulations.
Incidents resulting from the insured’s negligence or failure to adhere to recommended security measures.
Immediately contact your insurance provider and follow their guidance. Engage professional crisis management services if needed, and cooperate with law enforcement agencies to ensure a safe resolution.
Premiums are based on factors such as the level of coverage required, the geographical locations of operations, the risk profile of the insured, and the security measures in place. Higher-risk regions or higher coverage levels may result in higher premiums.
The policy typically covers extortion related to kidnapping and ransom situations. However, it may not cover all forms of extortion, such as those involving internal fraud or specific criminal activities. Review the policy terms to understand the coverage limits.
While the insurance provides financial protection, implementing recommended security measures and risk management practices can help reduce the likelihood of an incident. Consult with your insurer or a security expert for advice on best practices.
