Corporate Kidnap & Ransom Policy

K&R insurance protects corporations and individuals against financial losses that result from kidnapping, extortion, and ransom demands. It is designed to insure those who frequently travel, not for brief trips. A basic policy typically covers ransom payment, loss of income, interest on bank loans, and medical care. Many policies also cover the costs of business interruption, consultants for crisis management, support services, and even public relations expenses for companies. In addition, a policy purchased by an employer covers lawsuits against the company by the employee who was kidnapped.

Corporate Kidnap & Ransom Policy
Introduction
Who can take this Policy?
Coverage
Add on Covers
Basis of Sum lnsured
Exclusions

IMPORTANT POINTS TO REMEMBER WHILE BUYING THE POLICY

Key Documents at The Time Of Claims

General Claim
Intimation Format
Immediate Action Client
Should Take
Indicative General Documents
for Settlement of Claims

Why Choose Us?

Professional & Experienced Team
Professional & Experienced Team
Customized Solutions
Customized Solutions
Strong Relationship With Insurance Companies
Strong Relationship With Insurance Companies
Service Commitment ONTIME EVERYTIME
Service Commitment ONTIME EVERYTIME
Technological Edge
Technological Edge
Additional Services Offered
Additional Services Offered
Competitive Premium
Competitive Premium
Single Window Solution
Single Window Solution

Downloads

Proposal Form  
Policy Wordings  
Claim Form  

FAQ's

PREMIUM
COVERAGES
CLAIMS
OTHERS

Claim Case Study - 1

1
Situation

A businessman from jewellery industry was kidnapped while driving back to his home . The victim was blindfolded and was frequently moved to different locations within the first few hours of kidnap.

2
Challenge

The amount demanded by the kidnapper was very high and beyoud the limit of liability as per the Insurance policy

3
Solution

"With the guidance of K&R consultants, an undisclosed ransom was paid and the victim was released. The consultants worked closely with local police during the incident. The co-operation of the consultants ultimately resulted in the arrest of the perpetrators. "

4
Advisory/Conclusion

Whenever such incident occurs it is advisable to consult with the insurer immediately and discuss with them how to handle the case. Many a times insurance companies have consultants who can give a better advise.

Claim Case Study - 2

1
Situation

A child was kidnapped from the school mistakenly assummed to be the child of the business man. The kidnapper demanded huge amount of money.

2
Challenge

The parents of the child was not in a position to pay the amount demanded and was afraid if their child would be safe or not.

3
Solution

with the help of the consultant appointed by the Insurer it was possible to trace the kidnapper fast. The child was safe and more over no ransom was paid to the kidnapper.

4
Advisory/Conclusion

INSUROLOGY

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