Kidnap/Ransom and Extortion Insurance PolicyKidnap/Ransom and Extortion Insurance Policy

Kidnap/Ransom and
Extortion Insurance Policy

  • Introduction
  • Coverage
  • Why Choose HDFC ERGO?

Introduction

Companies recognize the need to be a part of the global marketplace, and corporate employees conducting business outside their own countries expect to encounter language barriers, exotic customs, and diverse negotiating styles. What they cannot predict is political upheaval and the increasing danger of abduction and extortion. The goal of our entire program is the safe return of the hostage or the satisfactory resolution of a crisis—a goal from which we do not deviate. Professional assistance before, during, and after a kidnapping or extortion threat is a vital element of corporate risk management.

Coverage

Kidnap/Ransom Coverage

Kidnap/Ransom Coverage responds whether a person is actually abducted or someone paid a ransom, thinking a person had been taken.

Extortion Coverage

HDFC ERGO automatically includes protection for threats to:

  • Damage to any premises or tangible property located on the insured’s premises.
  • Contaminate raw materials or products of the client.
  • Disseminate, divulge, or utilize proprietary information of the insured.
  • Introduce a computer virus against an insured.

 

Delivery Coverage

Insures money or other conveyed property used to pay a ransom or extortion demand.

Additional Expenses

We extend coverage for additional expenses and legal costs accrued to gain the release of a hostage. Those expenses may include fees of independent negotiators, interest costs on loans taken for extortion or ransom payment, salary continuation, consequential personal financial loss, and reasonable medical expenses.

Legal Liability Coverage

Protection in the event it is alleged the insured was negligent in a hostage retrieval.

Political Threat Coverage

Coverage for expenses incurred when a person is wrongfully detained by anyone acting for a government or with the government’s approval.

Optional Threat Response Expense Coverage

Payment for expenses incurred when the insured utilizes the additional services to investigate extortion threats when no monetary ransom demand has been made.

Why HDFC ERGO?

Secured Over 1 Crore+ Smiles!

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.
Why HDFC ERGO?

All the support you need 24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.
Why HDFC ERGO?

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans and add on covers for every portfolio.
Why HDFC ERGO?

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.
Why HDFC ERGO?

Awards

We have received ICAI Award of the Year for excellence in financial reporting FY:18-19
Why HDFC ERGO?

Secured Over 1 Crore+ Smiles

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.

All the support you need-24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans and add on covers for every portfolio.

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.

Awards

We have received ICAI Award of the Year for excellence in financial reporting FY:18-19
Awards & Recognition
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