Kidnap/Ransom, Extortion & Detention

Overview
The threat of kidnap and ransom has dramatically increased in the U.S. and abroad. Incidents are happening with alarming frequency throughout the world, and not just in traditional "hot spots" like Latin America and the Mid-East. Today's insurance coverage needs to address the concerns of high profile organizations as well as smaller firms whose employees and corporate assets are equally at risk.

PIA has been writing Kidnap/Ransom, Extortion and Detention Insurance for over 25 years, addressing the full range of exposures facing commercial enterprises and individuals based in the U.S. and overseas. Our broad policy offers a comprehensive package of protection designed to help victims cope with what can be devastating emotional and financial consequences should an event occur.

Policy Highlights:

• Kidnap/Ransom (K&R): reimburses the policyholder for ransom paid following an actual or alleged kidnapping of an "insured" person, relative or guest.
• Extortion Bodily Injury: reimburses the policyholder for ransom paid following the receipt of a threat to kill, injure or kidnap an "insured" person, relative or guest.
• Detention: reimburses the policyholder for the salary of an "insured" person, relative or guest who is the victim of a detention, as well as certain, expenses incurred by the policyholder.
• Extortion Property Damage: reimburses the policyholder for ransom paid following the receipt of a threat to cause physical damage or loss to the insured's products or property.

Coverage includes Accidental Death & Dismemberment, Business Interruption, Infant Abduction and Emergency Repatriation/Relocation.

PIA's K&R policyholders benefit from Corporate Risk International's worldwide crisis response services that are available 24/7 - at no extra charge. They have access to a global network comprised of experienced crisis management and security consultants, handpicked from the ranks of domestic and international law enforcement agencies. It is on the expertise of these individuals that a victim's life may depend.

Kidnap/Ransom, Extortion and Detention coverage is written through Liberty Mutual International Underwriters, Inc., which is rated A by A. M. Best.

PIA pays top commissions. Programs are written on an annual or three-year prepaid basis. Submissions are turned around instantaneously as long as a few key pieces of underwriting data are provided. No application is needed to either quote or bind; confirmation can be secured via telephone, fax or e-mail.