
What Does Kidnap and Ransom Insurance from Travelers Cover?
Travelers offers kidnap and ransom coverage to U.S.-based technology and life-sciences companies with international travel or operations, within its Global Companion Plus+ package.
What Is Travelers’ Role in Kidnap and Ransom Insurance?
Travelers offers kidnap and ransom coverage as one line within its Global Companion Plus+ package for technology and life-sciences companies with international exposure, and also lists it as a standalone product on its Management & Professional Liability catalogue page. 1,2Global Companion Plus+ "Robust suite of insurance coverages" section and Management & Professional Liability product list.
Who Is Travelers Kidnap and Ransom Insurance For?
As part of Global Companion Plus+, kidnap and ransom coverage is aimed at U.S.-based technology and life-sciences companies with employees who travel internationally or operations abroad; the U.S. version of the package is non-admitted, meaning it is not equivalent to a locally admitted policy in every country. 1Global Companion Plus+ page "Who is Global Companion Plus+ right for?" and "Coordinated domestic policy gap coverage" sections.
Coverage Features of Travelers Kidnap and Ransom Insurance
Travelers says kidnap and ransom coverage typically pays kidnappers or extortionists, covers loss of ransom in transit, and reimburses other expenses incurred as a result of a kidnapping. 2Management & Professional Liability Insurance page, kidnap and ransom entry; exact terms and exclusions are set by the issued policy.
Travelers Kidnap and Ransom Insurance Limits and Retentions
What Risk Services Come With Travelers Kidnap and Ransom Insurance?
Travelers says Global Companion Plus+ policyholders get access to its International Network of Insurance, a network of local carriers in over 150 countries, plus global executive support services offering medical, personal and travel assistance for employees traveling overseas. 1Global Companion Plus+ page "Extensive international network of partners" and "Global executive support services" sections.
How Do You Apply for Travelers Kidnap and Ransom Insurance?
Kidnap and ransom coverage is bought through a Travelers independent agent or Travelers representative. 1Global Companion Plus+ page "Consult your insurance agent today" section.
Travelers vs Other Kidnap and Ransom Insurance Providers
Other Coverage Lines From Travelers
2 documents, numbered as cited. Open the sources
