Large, global companies aren’t the only ones that face business kidnapping and extortion risks. Companies of any size can be a target for kidnappers or extortionists, either domestically or abroad. Managing the costs associated with such risks can push a small to midsize company to its financial limits. Chubb’s unique coverage can assist privately owned companies in successfully managing your kidnapping and extortion exposures.
Coverage Highlights
Benefits
- Private company underwriters located across the United States and experienced in a broad spectrum of industries
- Professional crisis management, where permitted
Coverage
- Reimburses expenses for:
- Kidnap ransom or extortion payment, including cyber extortion
- Ransom delivery
- Legal liability
- Reasonable expenses incurred in connection with a kidnapping, extortion threat, hijacking, political threat, or wrongful detention
- Independent security consultant
- Product recall expenses
- Business interruption
- Accidental death and dismemberment
- Emergency political repatriation
- Disappearance investigation expense
- Express kidnapping
- Hostage crisis
- Insureds include:
- 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
