Chubb’s Kidnap and Ransom Insurance includes insurance, risk management information, and immediate access to security consultants (where permitted). Your people can be a target for kidnappers or extortionists, domestically or abroad. Managing the costs associated with these risks can push a small to midsize company to its financial limits.
Coverage Highlights
Benefits
- Private company underwriters located across Canada 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
