Kidnap and Ransom Insurance or K&R Insurance is insurance designed to protect individuals and corporations traveling or operating in high-risk areas around the world. Prime targets are wealthy businessmen and their families, professional traveling abroad, tourists and aid workers.
K&R Insurance plans typically include the following types of coverage:
- Coverage for death and dismemberment
- Ransom or extortion payments
- Consultant costs – ie Crisis Management and Security Consultants
K&R Insurance is designed to reimburse the loss suffered to you for the ransom money you paid in the event of a kidnapping. It will not pay the kidnapper directly. For this reason, we don’t recommend purchasing more than you can afford to pay out of pocket for a ransom.