Protecting your family while on vacation, on spring break in a foreign country, or during international business travel presents unfortunate risk tied to personal safety. The headline news of kidnappings and extortionists over the past few years is enough to make anyone a little uncertain about the safety of international travel.
Unfortunately, the same safety concerns about abductions are also present in our own country. Recently the market for Kidnap & Ransom insurance has exploded. More carriers offer high limits and very low premiums for kidnap & ransom insurance. Typically, a small company or family should expect to pay about $750.00 per million of coverage.
Fortunately, Swingle Collins is very familiar with the best Kidnap & Ransom insurance underwriters and coverage offered for your company or family. Our insurance agency has kidnap and ransom insurance solutions to manage the risk associated with being a target for kidnappers or extortionists. Many individuals, families, or companies wouldn’t know where to turn if they were notified of a crisis such as a kidnapping or extortion event. You will have piece of mind knowing your kidnap and ransom insurance allows you access to the resources and experts you need in order to help your family and employees when this type of situation does occur.
As an additional benefit of kidnap & ransom insurance, your family or company works exclusively with the best possible crisis-response team available. This crisis-response team will take control of the situation and handle all aspects of the hostage recovery and negotiations, serve as the liaison between the insured and law enforcement, and even handle the delivery of the ransom.
Additionally, our clients are offered kidnap & ransom insurance coverage that provides piece of mind when you or any of your loved ones are traveling. Key features of this insurance include the following:
- Reimbursement of ransom or extortion monies paid, including cyber extortion.
- Independent security consultants and security guard services
- Public relations consultants
- Travel and accommodations
- Independent legal advice
- Assistance where a government or political terrorist is involved
- Reward monies for information leading to an arrest and conviction
- Coverage for personal financial loss
- Medical expenses incurred following the insured person’s release
- No deductible for most risks
- Includes express kidnappings
- Business interruption
- Accidental death & dismemberment
Insured person includes:
- The company, its directors and officers, and full-time, part-time, seasonal, leased, and temporary employees
- Independent contractors
- Volunteers and interns
- Relatives of employees
- Guests on the company’s premises or in an employee’s home
- Any person retained to deliver a ransom
Handling kidnap & ransom insurance coverage can be difficult. Making sure the policy is with the best agent and underwriter is one thing your company & family should do to make sure you have the most comprehensive coverage the market has to offer.
Swingle, Collins & Associates specializes in kidnap and ransom insurance coverage The descriptions of coverages listed on this website are brief and subject to the provisions, limitations, and exclusions that can only be expressed in your policy and related endorsements. For additional information of how Swingle, Collins & Associates can assist in meeting your coverage needs for kidnap and ransom insurance please contact your dedicated risk manager to discuss the benefits and services of personal homeowners insurance coverage.
The information contained on this page is provided for informational and educational purposes only. It contains general information on insurance issues and may not reflect the most current developments in insurance coverage and is unlikely to apply in all factual scenarios. The information does not include all the terms, coverages, exclusions, limitations or conditions that may be contained in the actual insurance contract language. The policies themselves must be read for those details. Sample policy forms will be made available upon reasonable request.