Our marine kidnap and ransom product has been designed to specifically address the risks faced by the maritime industry, and to provide a K&R policy tailored to the threat of piracy around the world. We cover single vessels or fleets.
Extended Personal Accident Benefit
Most other kidnap and ransom policies require death or dismemberment of a kidnap victim for the personal accident section to trigger. Our policy covers a wide range of bodily injuries, ensuring victims receive appropriate support.
Ransom in transit
Our policy doesn’t just provide cover for ransom reimbursement, it also reimburses ransom which has been lost, damaged, destroyed, disappeared or confiscated whilst in approved transit.
Our policy covers a wide range of additional expenses associated with a K&R event, including but not limited to negotiator costs, public relation costs, extra fuel costs, travel and accommodation costs, medical expenses, salary and repatriation costs.
Loss of hire
We reimburse the company up to an agreed amount for the loss of hire of an insured vessel during an insured event.
We will pay sums which you become legally obliged to pay as a result of a claim made against you by a covered victim. We also pay defence costs on behalf of the company.
24/7 ACCESS TO EXPERT RESPONSE CONSULTANTS
CFC policyholders have access to global response consultant firms. Our cover provides access to a 24/7 emergency hotline in the event of an incident with no limit to consultant fees incurred.