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Depending
on the type of policy, kidnap and ransom policies cover some of the
expense of dealing with kidnappers and their demands.
Kidnapping for ransom money is on the upswing. Kidnap and ransom
insurance is now available as part of a comprehensive business insurance
package, as a stand-alone policy for individuals and from a few
insurance companies as part of their homeowners insurance policy.
Corporate policies generally cover most kidnapping-related expenses
including hostage negotiation fees, lost wages and the ransom amount.
Policies for individuals help pay for the cost of dealing with a
kidnapping but do not reimburse for ransom payments.
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