Defense Base Act

Other Coverages:  Kidnap & Ransom
   
 
 
Kidnap & Ransom

Kidnap and extortion are very real and growing threats in today’s world. While the most vulnerable companies to kidnapping are those that have employees based or traveling overseas, organizations that have high profiles, handle large amounts of cash, or work with sensitive information or technologies are equally at risk. While rarely publicized, extortion against corporate assets or products is increasing rapidly in the U.S.  Examples include: bodily injury extortion, property damage extortion, pollution extortion, cyber extortion and intellectual property extortion. Companies need to prepare for these threats that can originate or occur virtually anywhere in the world.

Quick Links
- Typical Policy Coverages
- Request a K&R Quote
- Contact Globex For More Information
Kidnap & Ransom Questionnaire 
Typical Policy Coverages include:
  • Kidnap/Alleged Kidnap – A seizure or detention of an insured person for the purpose of demanding ransom monies. 
  • Extortion – Payment demands following a threat to injure or kill an insured person, damage property, contaminate products, divulge trade secrets or destroy electronic data by computer virus. 
  • Wrongful Detention – The arbitrary or capricious act of involuntary confinement of an insured person by others who are acting or purporting to act as agents of or with the tacit approval of any government or governmental entity. 
  • Hijacking – Illegal holding under duress of an insured person for a period in excess of six hours while travelling on any aircraft, motor vehicle or waterborne vessel. 

Coverages may also include

  • Death or dismemberment benefits arising from an insured event 
  • Ransom/extortion monies 
  • Loss in-transit of payment 
  • Judgment, settlements and defense costs 
  • Expenses such as recall costs, business interruption, consultants, salary continuation, personal financial loss, medical costs, and related costs

 

Request a quote
To request a quote, complete the Kidnap & Ransom Questionnaire found below, and return to Globex as soon as possible.  
 Click here to download the Kidnap & Ransom Questionnaire 

DBA Overview | Defense Base Act | Kidnap & Ransom | Accident & Health | Contact Globex
 
     

© Copyright 2003-5 Globex International Group.  All rights reserved.  Tel. +1-973-541-1144, Fax +1-973-541-1145