Does K&R Cover Extortion?

Yes. Extortion sits alongside kidnapping as a named K&R event. Chubb makes its full policy limit available for expenses from a covered extortion, pays whatever is given up to resolve it (money, cryptocurrency or physical property), and adds a Threat Expenses insuring clause. Travelers describes its K&R cover as built to limit the financial impact of kidnapping, extortion or detention.

Chubb also offers optional business income with extra expense and contingent extortion cover, so ask for it if an extortion threat could shut down your operations. Confirm which threats qualify, and follow the insurer's notice and consent steps before you pay anything.