Kidnap and Ransom insurance

K&R policies do not pay the ransom on the insured’s behalf. It is reimbursement cover, that covers a loss incurred by the insured.

Importantly, a Kidnap and Ransom Insurance Policy pays for the fees and expenses of the consultant company appointed to manage the case.

The consultant will work hand in hand with the insured to ensure that the response to the incident is handled in the best way. 

The insurer will assist in deploying consultants to the company and / or family of the employee or individual, and also to the country where the kidnapping occurred.

What is covered?

Kidnapping

Extortion

Home invasions

Stalking

HiJacking

Disappearance

Typical losses included

Ransoms

Loss of ransom monies in transit

Legal liability

Additional expenses

Threat Assessment

Child abduction

For more information visit

https://itoo.co.za/product/kidnap-ransom/

 

Remember to complete the proposal form and submit to fpretorius@mirrin.co.za