Kidnap Insurance

A type of insurance designed to protect individuals from the risk of kidnapping. Kidnap insurance often covers other events related to kidnapping, including extortion. In the case of a kidnapping, the policy holder is compensated for money paid as ransom, medical expenses, counseling or for accidental death of the kidnap victim.

Kidnap insurance is more likely to be used for individuals or companies operating in high-risk areas. These areas tend to have higher rates of crime and a history of kidnapping workers employed by multinational firms. Some of the common high-risk areas include Nigeria, Haiti and Venezuela.

Investment dictionary. . 2012.

Look at other dictionaries:

  • Kidnap and ransom insurance — or K R Insurance is designed to protect individuals and corporations operating in high risk areas around the world, such as Colombia and Peru [ [ ransom extortion insurance.asp Kidnap and Ransom Insurance …   Wikipedia

  • Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… …   Wikipedia

  • K&R insurance —  Kidnap and ransom insurance.  ► “K&R may also provide the services of a protection consultant who can assist acompany to avoid difficult situations and respond appropriately.” (Across the Board, Nov./Dec. 1994, p. 52) …   American business jargon

  • Expatriate insurance — policies are designed to cover financial and other losses incurred while living and working in a country other than one s own.Insurance should be arranged prior to relocating to a new country or destination. Policies will generally cover the… …   Wikipedia

  • Travel insurance — is insurance that is intended to cover medical expenses, financial default of travel suppliers, and other losses incurred while traveling, either within one s own country, or internationally. Temporary travel insurance can usually be arranged at… …   Wikipedia

  • GREENBERG, MAURICE R. — GREENBERG, MAURICE R. (1925– ), U.S. insurance executive. Born in New York City, Greenberg was six when he moved to a dairy farm after his father s death and his mother s remarriage. After fighting in Europe, Greenberg went to college under the G …   Encyclopedia of Judaism

  • K&R — (insurance)  Kidnap and ransom insurance …   American business jargon

  • List of Marvel Family enemies — Through his adventures, Fawcett Comics/DC Comics superhero Captain Marvel and his Marvel Family gained a host of enemies, including the following: Contents 1 Acrobat 2 Adolf Hitler 3 Amoeba Family …   Wikipedia

  • List of The Dukes of Hazzard episodes — This is a list of episodes for the 1979 1985 CBS action comedy adventure series, The Dukes of Hazzard. Contents 1 Season 1 (1979) 13 episodes 2 Season 2 (1979 1980) 23 episodes 3 Season 3 (1980 1981) 22 episodes …   Wikipedia

  • Hiscox — Infobox Company company name = Hiscox Limited company company type = Public (LSE|HSX) foundation = 1946 location = Hamilton, Bermuda key people = Robert Hiscox (Chairman of the board), Bronek Masojada (CEO) industry = Insurance products =… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.