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In an increasingly perilous world, threats such as kidnapping, ransom, and extortion against employees and their families remain a terrible but real risk that businesses face, regardless of their travel patterns or the countries where they operate. 

Kidnap Ransom and Extortion Insurance Highlights

Chubb’s exceptional combination of insurance and crisis management expertise allows businesses and their families to have peace of mind in knowing if the situation arose, they will not be alone in a time of crisis.
Key Features*:
  • Worldwide coverage with no base policy excluded regions or territories, subject to applicable law
  • Full policy limit is available for expenses paid due to a covered Kidnapping, Express Kidnapping, Extortion, Wrongful Detention, Disappearance, Hijacking, or Hostage Crisis
  • Broad Insured Person definition, including all Employees and their direct family members
  • Coverage applies 24/7/365, with no requirement for travel to be related to business activities
  • Coverage for any consideration made to resolve a kidnapping or extortion attempt, regardless of type (e.g. money, cryptocurrency, or physical property)

Protection for Insureds, Anywhere and Anytime

It’s a terrible fact that no one is immune to a kidnapping or extortion threat. A lack of proper coverage at a critical time, coupled with the potential for a significant financial loss, can result in untold agony and emotional devastation for all parties involved. With a combination of insurance and crisis management expertise, Chubb provides access to expert security negotiators and knowledgeable professionals equipped to manage the situation from every angle.

The Chubb Primary Kidnap, Ransom & Extortion Insurance provides the following insuring clauses:

  • Ransom
  • Custody
  • Insured Event Expenses
  • Accidental Loss
  • Legal Liability
  • Emergency Political Repatriation Expenses
  • Threat Expenses
  • Optional Coverage
  • Business Income with Extra Expense and Contingent Extortion
  • Child Care Facilities with Legal Liability

*Coverage is subject to the language of the policies as actually issued.

Crisis Response Service

The Ackerman Group

Included with your Kidnap, Ransom and Extortion policy is guaranteed access to The Ackerman Group, an independent international consulting firm. They offer a guaranteed, immediate response in a time of crisis and handle all aspects of hostage recovery, including negotiations, coordination with law enforcement, protection for ransom funds, and when appropriate their delivery. 

To connect with The Ackerman Group, simply complete their onboarding form and immediately return it to your agent or broker. You will be contacted by a representative of The Ackerman Group to complete the process. 


Why do I need Crime insurance?

From theft and vandalism to social engineering and employee fraud, companies face a wide array of detrimental and rather costly risks. Your insurance coverage should be equally broad and flexible to provide the kind of protection you need. Chubb offers insurance products to protect not only your organization, but your employees too.