What Is Kidnap and Ransom Insurance?

K&R insurance is designed for defined threats to insured people or property, with the policy spelling out covered events, expenses, people, limits, and response conditions. Travelers describes its product as intended to help organizations minimize the financial impact of kidnapping, extortion, or detention. Chubb’s U.S. product summary lists separate insuring clauses such as ransom, custody, threat expenses, and emergency political repatriation expenses.

The name does not mean every ransom or crisis cost is automatically covered. Check the definitions, who qualifies as an insured person, territorial terms, sublimits, retentions, and notice or consent requirements. Some policies also provide access to response consultants; verify whether that service is included in the specific quote.