Blackmail
The Chief Financial Officer of a department store in Baltimore received a phone call threatening to reveal personal information to the press unless the perpetrator received $7,000. The nature of the threat had the potential to cause significant reputational damage.
Coverage
1st party coverage
Sub-limited cover:
- Additional expenses
- Expenses
- Extra expense
- Financial loss costs
3rd Party coverage
Judgments, settlements & defense costs
Crisis Consultant costs
Definition
Blackmail means the demand of money, property or services from the policyholder or an insured person(s) in return for not revealing compromising or injurious material information.
