Why do I need kidnap & ransom insurance?
Most companies, even those with a large risk management and security staff, are not prepared to deal with the overwhelming consequences of a kidnap or extortion threat, whether it occurs on the other side of the world or in its own backyard.
The insurance industry created policies to address these needs, offering coverage for an array of potential expenses incurred both during and after a crisis. The policies pay for not only the actual ransom, but also for the victim's medical expenses and salary, crisis management professional fees and for any temporary employee expense. Some policies even protect against the potential legal liability a company may face following such an event.
Next step: Why Schinnerer & Great American?