Kidnap, Ransom and Extortion Insurance Coverage in The Chicagoland Area and Across The Midwest
Kidnap and extortion is a legitimate threat for U.S.-based businesses. Unfortunately, in many parts of the world, these illegal acts have become a business in and of themselves, with sights set on wealthy U.S. companies and business travelers. In most cases, kidnappers take professionals captive to make a profit, releasing the individual once demands have been met. Because many overseas attacks are related to business, the need for kidnap and ransom coverage continues to grow. This is particularly true in areas where law enforcement has a blind eye to guerilla activity and in areas that are stricken by poverty. To combat financial losses in the event of a kidnap or extortion situation, Kidnap, ransom and extortion (K&R) insurance is a practical risk transfer option.
How to Get a Kidnap, Ransom and Extortion Insurance Coverage
Contact Pitcher Insurance Agency today to learn about qualifying for a Kidnap, Ransom and Extortion Insurance Coverage and tailoring your coverage to meet the insurance needs of your business.