Kidnap & Ransom

The threat of kidnapping and extortion continues to grow abroad while domestic incidents of threats, cyber extortion and workplace violence are also on the rise. When one of these crises occurs, it can have devastating effects on the organization or family involved. Tokio Marine HCC can provide peace of mind through a policy that protects organizations whose employees and corporate assets are at risk as well as high profile families in the U.S. and abroad.

Highlights

Limits up to $65 million, or currency equivalent
Short-term policies and policy periods up to 36 months
24-hour access to Unity Resources Group through a crisis hotline
Worldwide coverage
Admitted policy in all 50 states

Target Insureds

Multinational corporations with employees traveling abroad for work
Corporations with international operations or locations
Journalists, religious groups or non-governmental organizations with travel to high risk areas
Professional athletes and entertainers
Executives and high net worth individuals and their families

Summary of Coverage

Whether the insurance need is for an individual executive, entertainer, or athlete or for a multinational corporation, Tokio Marine HCC - Specialty Group has the experience, knowledge and time-tested commitment to these niche markets to provide you with a meaningful insurance solution.

Our products are critically important in fulfilling a company’s duty of care responsibilities to their employees when they are operating in high risk environments on their behalf.

Our kidnap and ransom policies provide worldwide coverage for perils including extortion, detention, hijacking, as well as kidnap and ransom. Benefits include not only ransom, but also legal liability, surrendered personal belongings, and additional expenses such as medical expenses and lost salary. Another key feature of our coverage is providing clients unlimited fees and expenses for crisis response and 24/7 access to a leading crisis management company, Unity Resources Group.

Unity is a leading and trusted international provider or security, risk, and crisis response services operating from a network of global offices. Unity’s crisis response leaders are full time employees whose collective experience totals more than 1,420 led and supervised cases in over 70 countries by current team members, including the world most challenging locations. Unity places a strong emphasis on prevention an pre-incident planning and provide policyholders with a range of complimentary services to reduce their exposure to prevalent risks and threats.

Industries

Educational Institutions
As educational institutions look to increase their global presence and offerings by expanding abroad, the escalating threat of kidnaps, extortions and illegal detentions has emerged as a significant peril. Coupled with the existing risks at home and the vulnerability of their cyber network, it is vital that these institutions protect themselves, their employees, trustees, students and faculty from the physical and emotional harm, financial consequences and negative publicity that can accompany an incident of this nature.

Financial Institutions
Negative public perception and lack of trust have put financial institutions and their employees at risk. The growing involvement a financial institution has in our everyday lives, coupled with economic uncertainties, has spawned new fears regarding malicious acts or threats perpetrated by disaffected individuals. These fears are compounded when employees travel abroad to unfamiliar or dangerous locations.

High Net Worth Individuals
High net worth individuals and their families are naturally perceived as prime targets for kidnappings, extortions, and illegal detentions. While many cases go unpublicized, this risk must be addressed. Not only will a kidnap and ransom policy with Tokio Marine HCC - Specialty Group allow these individuals and their families access to a team of uniquely qualified crisis response consultants, it will also provide reassurance that one incident will not burden a family with financial consequences years after it has occurred.

Hospitals
Generally thought of as a safe haven, even hospitals are not immune to the risks associated with kidnapping, extortions or illegal detentions. It can take only one such event to crush a reputation or devastate a hospital financially, and the physical and emotional toll it may have on its employees and patients can cause a ripple effect that lasts for years.

Law Firms
Law firms and the employees that represent them on a daily basis are frequently involved in contentious situations. The possession of information critical to the disposition of a court case adds another dimension for the exposure facing individuals involved in litigation. Thus, law firms must ensure they are protecting themselves and their employees against a range of malicious acts.

Municipalities
U.S. municipalities face unique challenges as they are vulnerable to a wide range of exposures. High name recognition can position municipalities as a more visible and attractive target. Over the years, there has been an increase in the number of incidents of workplace violence in public buildings. Municipality cyber networks are also particularly vulnerable as it contains confidential resident and public employee records. Local parks and public spaces can also be a target of child abductions.

Natural Resources Industry
The natural resources industry is unique in that it must operate where its product is located. Many times, this means going to areas of high risk that are more susceptible to kidnappings, extortions or illegal detentions. If these risks are not properly managed, companies and their employees could face devastating financial, reputational and emotional consequences.

Non-Governmental Humanitarian and Development Organizations
The obstacle facing non-governmental humanitarian and development organizations is twofold: They must implement their programs and accomplish missions in less than forgiving political and social environments, all while maintaining duty of care for their staff. With limited financial resources, the consequences of a kidnapping, extortion or illegal detention can hinder an organization for a substantial period of time. Best efforts need to be made to mitigate this risk and further protect those putting themselves in harm’s way to service the needs of local communities.

Professional Athletes
Sports is a big business. Not unlike major industrial and financial corporations, athletic organizations must protect their most valuable assets. It is vitally important to create an environment in which the athletes can solely focus on competing at the highest level, unencumbered by concerns relating to personal safety.

Tech Firms
The past few decades have seen a dramatic increase in technological innovation. While this innovation has made millions of lives easier, it has also opened up new opportunities for criminals to exploit these advances. An increasing number of firms have fashioned business models dependent on the integrity of their cyber networks and the extortion risk associated with these networks has risen proportionally. Confidential information, including that of a firm’s own customers, must be protected at all costs.

Why Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom, Spain and Ireland, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance. Our products and capabilities set the standard for the industry, and many of our almost 3,000 employees are industry-leading experts. Each of our highly entrepreneurial businesses are equipped to underwrite special situations, companies and individuals, and acts autonomously to deliver effective solutions.

Tokio Marine HCC - Specialty Group has been writing kidnap and ransom insurance for more than 35 years. Our underwriters are well equipped to address the full range of exposures facing commercial and financial enterprises and individuals based in the United States and abroad. We deliver individually tailored solutions that meet the ever complex needs of each of our clients. Our underwriters continually seek ways to enhance our products and protect our clients from challenging and unconventional exposures, wherever they are based. We listen, develop a profound understanding of our clients’ needs and develop coverage packages to protect them against the unexpected.