Kidnap

 

 

While exploring investment opportunities in Honduras the President of a large New York retail group is kidnapped by an organized gang. A significant ransom is soon demanded.

Coverage

1st party coverage

Sub-limited cover:

      • Additional expenses
      • Death or  disablement
      • Deprivation
      • Expenses
      • Extra expense
      • Financial loss costs
      • Funeral expenses
      • Ransom
      • Ransom / in transit / delivery

3rd Party coverage

Judgments, settlements & defense costs

Crisis Consultant costs

Definition

Kidnap means the illegal actual alleged or attempted taking and holding captive of one or more insured person(s) by persons who then demand specifically from assets of the policyholder a ransom as a condition of the release of such captive(s).

 

 

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