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Kidnap, Ransom and Extortion Insurance for Your Business

In this world of increasing political tension, there is also a heightened risk of kidnap and ransom, both domestically and internationally. And extortion, including cyber crime, is not uncommon. A kidnap, ransom and extortion policy from GMG Insurance will provide extensive help for such crises.

Responding to the Crisis

When a crisis, such as a kidnapping, hijacking or an extortion demand occurs, you need experts who know how to respond. That includes financial, legal and governmental expertise. It may also involve evacuation and medical teams. Access to these resources is vitally important, since most businesses wouldn’t know where to turn without professional assistance.

If you are an educational institution, for example, and your employee or student is abroad and a crisis, such as riot or revolution begins, our insurers have access to evacuation services that can prevent a hostage incident in the first place. If a situation becomes a kidnapping event, a crisis-response team will assist you with payments, public relations, required travel, legal advice, and other crisis-related expenses.

Some policies offer coverage for ransom payments, as well as rewards for help in finding the victim. Lost income while dealing with the crisis may be covered, and travel, lodging, and legal fees can be included in the benefits. It is also possible to insure against cyber extortion and products extortion that demands payments to prevent actions against products your company makes.

After the Event Ends

Loss of limb, death, disability, other physical harm, and psychological damage can all occur as a result of a kidnapping or hostage situation. You can get a policy to assist with all of these effects.

Providing security in a dangerous world.

Turn to GMG Insurance for personalized attention on managing your assets and securing products that accommodate your lifestyle, now and as it changes over time. Contact us at (215) 497-9240; (800) 540-7900; or email at info@gmgins.com.