| |
Coverage: Kidnap & Extortion
|
One of many coverages offered in the ACE USA International Advantage® Package policy
With increasingly volatile economic and political conditions around the world, employees of U.S.- based businesses doing business overseas face a greater kidnapping risk than ever. Incidents are not limited to counties traditionally considered high risk – today a kidnapping can take place anywhere in the world. To address this troubling exposure, companies with staff who travel overseas purchase international kidnap & extortion coverage. Latest Enhancement: Advantage Package now includes $50,000 of automatic Kidnap and Extortion coverage at no additional charge. Other K&E limits & Church or Educational coverage are available as options.
 Why Needed
Coverages
Limits
Features
Frequently Asked Questions
More Details
|
Apply For This Coverage
Claim Scenarios
Podcast
|
Why Needed
- As global commerce grows, risk of kidnapping increases for corporate executives, key employees, wealthy citizens, and their families.
- Any U.S. firm with employees located overseas or who travel internationally, not just high-profile multinationals, are prime targets for extortion attempts by opportunistic criminals.
 Back To Top
Coverages
- Kidnapping & alleged kidnapping
- Bodily injury extortion
- Property extortion
- Product adulteration extortion
- Proprietary information extortion
Back To Top
Limits
- Automatic $50,000
- Options from $250,000 to $5 million
Back To Top
Features
- Kidnap & Extortion automatic & optional coverage available as part of the ACE USA International Advantage® Package policy.
- Prevention and response efforts coordinated by Neil Young Associates, recognized world leader in special risks market with highly successful intervention record.
Back To Top
Frequently Asked Questions
What does K&E Coverage provide?
Ransom & Extortion payments, including: Kidnapping or Alleged Kidnapping for Ransom; Extortion upon you or a covered person(s); In Transit Extortion/Ransom Moneys Loss; Kidnap & Extortion Expenses; Detention Expenses; Legal Costs; Medical/Death or Dismemberment Incident Response
Who handles K&E Incidents?
Neil Young Associates, a premier global crisis consultant, provides information services and crisis response to clients.
K&E limit options…
Limits start at $250,000 and we can go up to $5,000,000.
What affects K&E premium?
Policy limit; Worldwide revenue; Countries of travel; Past incidents
Who should buy K&E?
Corporations, for their key executives and employees, and their families; Nonprofit organizations, for their benefactors, key employees, and their families; Schools and Universities for their faculty members and students traveling overseas on school sponsored trips; Churches for their members traveling on church sponsored trips.
K&E coverage territory…
Territory for automatic $50,000 K&E coverage:
- Worldwide but excluding the following countries: Afghanistan, Algeria, Angola, Brazil, Chad, Chechnya, Colombia, Congo, Cuba, Georgia, Haiti, Indonesia, Iran, Iraq, North Korea, Liberia, Lybia, Mexico, Nepal, Nigeria, Pakistan, Peru, Philippines, Saudi Arabia, Sri Lanka, East Timor, Russia, Sierra Leone, Somalia, Sudan, Syria, Tobago, Trinidad, Venezuela, Yemen, Zimbabwe
Territory for optional K&E coverage:
- Worldwide unless modified by endorsement.
What if the automatic K&E coverage is all that is needed?
Do not change the default values.
Back To Top
More Details
About Neil Young Associates
- Founded in 1990, operates on a global basis.
- Particular expertise in advising corporations on prevention of & response to kidnap & extortion.
- International 24 hour response line.
- Broad range of clients, including foreign gov’ts, oil & construction, airlines, trading consortia, media & communications, banks, mining.
Back To Top
|
|
|