Kidnap, Ransom and Extortion

An Inside Look: Kidnap, Ransom & Extortion Protection

Safeguarding Against These Unfortunately Common Risks

While we hear heart-wrenching stories of kidnappings on the news and read them in the paper, we often do not think about our own risk for those kinds of situations. After all, why would we want to? The idea of being kidnapped, or—perhaps worst yet—having someone dear to you taken, is something straight from a nightmare.

Unfortunately, kidnappers and extortionists exist all over the world. Whether someone would take a family member to get you to dip into your personal accounts, or would kidnap a member of your business to receive a payout from your corporate accounts, the risk for this situation is not as rare as you might think.

Fortunately, you can have an expert come alongside you in the face of this terrible situation to help you handle it without losing money or, much more importantly, a person. Kidnap and ransom insurance generally include coverage for rehabilitation of the victim, the money paid to the kidnappers, the loss of that ransom in transit, the cost of returning the victim back home, the loss of wages, and more.

Furthermore, your policy can include the service of a crisis team who can bring their experience to the table to ensure that risks are properly addressed and all communications are carefully handled. This will ensure the safety of the kidnapping victim. It will also help you or your business minimize ransoms paid or money extorted so that you will know your money (even though it will be reimbursed by your policy) will not be padding the pockets of wrongdoers.

Do not let your worst nightmare become even more difficult by going without kidnap and ransom coverage. To protect yourself, your loved ones, and your business from kidnapping and extortion, contact Hoffman Brown Company in Sherman Oaks. We are here to help you secure the California kidnap and ransom insurance you need to be safeguarded in 2015 and beyond.