What Does Kidnap and Ransom Insurance from Chubb Cover?

Chubb underwrites Kidnap, Ransom & Extortion insurance as one of seven coverage parts within its ForeFront Portfolio for privately owned companies, not-for-profit organizations and healthcare organizations, covering the organization and employees' families worldwide. ¹Company-reportedForeFront Portfolio Kidnap, Ransom & Extortion product sheet.

Chubb's Kidnap, Ransom & Extortion product sheet states that insurance is provided by Federal Insurance Company and its U.S.-based Chubb underwriting company affiliates. ¹Company-reportedProduct sheet insurer-disclosure footer; product and jurisdiction can still change which Chubb affiliate issues a given policy.

Chubb says the policy applies to company travel as well as personal and pleasure travel, covering all employees and their immediate families, and that coverage is not limited to companies that travel internationally. ¹Company-reportedMisconception/Reality section of the product sheet.

Chubb lists coverage for extortion threats against company assets, reimbursement of ransom or extortion payments, and expenses from hijackings, wrongful detentions and political threats. It says the base policy excludes no specific territories or countries. ¹Company-reportedCoverage Highlights list; subject to the policy as issued.

The reviewed product sheet illustrates claim scenarios (for example a $250,000 ransom payment plus $40,000 in consulting expenses in one scenario) but does not publish specific policy limits or retentions. ¹Not found in reviewed sourcesClaim Scenarios section; illustrative examples, not policy terms.

Chubb says the policy provides a guaranteed response from The Ackerman Group, LLC, a crisis management firm, including hostage-recovery negotiation, 24-hour availability and worldwide deployment, plus complimentary access to RISKNET country-security analysis, training-seminar premium credits up to 10% of the coverage premium, and unlimited telephone consulting. ¹Company-reportedLoss Prevention section; company-described service program tied to the Ackerman Group relationship.

Kidnap, Ransom & Extortion coverage is placed as part of the ForeFront Portfolio through an appointed agent or broker. ²Company-reportedForeFront Portfolio hub page describes Marketplace quoting for the portfolio generally.