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Kidnap Ransom Insurance Policy | Global Cover For Hostile Areas‎

What is Kidnap and Ransom Insurance?

Kidnap and Ransom insurance is basically designed to provide coverage for the individuals and corporations operating in high risk around the world. There are plenty of kidnappings reported globally each year and some of reports are going unreported. You all very well aware of the fact that a kidnapping is not only upsetting, but also it can lead to extreme financial losses from ransom payments and associated expenses, business disruption, proceedings, adverse publicity and reputation damage for long-term. But if you own a kidnap and ransom insurance policy, you will get the coverage for a range of crisis perils including extortion, kidnapping, stabbing (which is known as active shooter or workplace violence), and many more.
Kidnap and ransom insurance in India is worth for those if anyone considers himself/herself a worthy target for kidnappers. This insurance plan is also worth for the companies that located or operate in notorious areas and famous for kidnapping. These companies should purchase this insurance product for their employees.
This kidnap or ransom insurance not only covers the ransom payment but also provide the fees of consultants hired for crisis management, medical and travel related expenses, among others.


Feature and Benefits of Kidnap and Ransom Insurance Policies

• Any person to any business group and their immediate family members can be insured under this kidnap and ransom insurance plan.
• This policy provides coverage against any threat of kidnapping, exhortation and allied risk.
• You can buy kidnap and ransom insurance policy online.
• It covers for ransom monies and loss-in-transit payment.
• Ransom monies associated expenses that comprise medical expenses, salary, loss of personal financial loss, rest and therapy, loan interest, travel and accommodation, interpreter, forensic analysis, other reasonable and necessary expenses, recall expenses, business interruption etc are also included under this policy.
• This plan provides coverage for consultant costs, Judgment, settlements and defense costs
• You can also get 24 hour emergency response help line.


Exclusions of Kidnap and Ransom Insurance

If you own Kidnap and Ransom insurance policies in India, you may think you will get coverage pertaining to kidnapping. But the thing is not like that, there are some exclusions. Following are the exclusions of kidnap and ransom insurance
• Dishonest, criminal, or fraudulent acts committed by the insured person
• This insurance policy can also keep out the surrender of property inside the premises except first brought inside after receipt of the ransom demand, or outside the premises as a result of a threat to do bodily harm to a person in possession or property.
• If you travel to a country such as Iran or Syria on which the United States has imposed sanctions, you will not be covered by kidnap and ransom insurance.


Take a Note
After going through the entire write up, it can be said that you should opt for kidnap and ransom insurance policy, if you think that you are worth to kidnappers. However, while choosing the policies you must compare kidnap and ransom insurance quotes available online.
GIBL.IN can help you in this regard. To buy the best kidnap and ransom insurance policy at the cheapest priced, you should visit the user friendly website of GIBL.

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