Captum Kidnap and Ransom

Plan Detail

Plan Administrator: Seven Corners | AM Best Rating: A "Excellent" | Underwriter: Lloyd's

Benefits


SCHEDULE OF BENEFITS

All benefits shown are per an insured event unless otherwise indicated. This is a reimbursement plan. Security Exchange must be notified as soon as an insured event has occurred or is believed to have occurred.

Ransom $1,000,000
This is cash and/or marketable goods, property, monetary instruments, securities, or services surrendered to meet a kidnap, extortion, or hijack demand. We pay the actual cash value at the time of surrender.
Ransom in Transit $1,000,000
We cover the loss of ransom by confiscation, destruction, disappearance, seizure, actual damage, wrongful abstraction, or theft while it is being conveyed by an authorized person to those who demanded it.
Security Exchange Consultant Fees and Expenses Unlimited
This covers Security Exchange's fees and expenses (or other independent security consultants retained by you) for an insured event. You must obtain prior consent from Security Exchange before using independent security consultants.
Threat Event $25,000
We provide unlimited coverage for Security Exchange's fees and expenses as well as additional expenses for up to $25,000. This benefit is provided for 30 consecutive days.
Disappearance $50,000
We provide unlimited coverage for Security Exchange's fees and expenses, as well as additional expenses up to $50,000. This benefit is provided for 30 consecutive days.
Legal Costs $1,000,000
This covers legal costs for defending a claim1 first made against you while you are covered by this plan, if the legal costs relate directly to your legal liability to a covered person for an insured event.

Legal costs include: 1) damages you are legally required to pay as compensation to a covered person as a result of a judgment, arbitration award, or settlement concluded with prior approval from us and 2) legal expenses incurred by you to defend a claim, if we provided prior approval.

Personal Accident $250,000 per covered person
$1,250,000 per insured event
Benefits per Covered Person percentage of capital sum
Death 100%
Loss of limb/sight/speech 100%
Permanent total disablement 100%
Loss of extremity 50%

Coverage Extension

Emergency Repatriation & Relocation $25,000 per insured event
Consultant Fees & Expenses Unlimited

We pay for:

1. travel and accommodations related to an emergency repatriation and/or relocation;

2. personal effects left behind and lost by you;

3. Security Exchange's fees and expenses.

Additional Expenses $1,000,000

These include:

  • an independent negotiator’s fees and expenses (requires our prior authorization);
  • fees and expenses of an independent public relations consultant and/or interpreter and/or spokesperson;
  • your reasonable travel accommodation expenses;
  • fees for psychiatric, medical, and dental care and confinement expenses and/or legal advice incurred prior to and within 36 months of the release of the covered person;
  • a reward you paid to an informant for information which contributes to the resolution of the insured event;
  • 100% of your gross salary while you are kidnapped, detained, or hijacked and for 60 days following your release (12 consecutive months for detention);
  • 100% of the gross salary of a relative who gives up their job to assist in negotiations when you are kidnapped, detained, or hijacked and for 60 days following your release (12 consecutive months for detention);
  • interest on loans raised to pay for an insured loss;
  • costs, fees, and expenses for reasonable temporary security to protect you and/or your property in the country where the insured event occurred;
  • cost of communication, communication equipment, recording equipment, and advertising due to an insured event;
  • reasonable fees and expenses of an independent forensic analyst engaged by you;
  • reasonable rest and rehabilitation expenses for you, your spouse/partner and/or parents and/or children within 12 months following your release if you are kidnapped, detained, or hijacked;
  • the cost of cosmetic or plastic surgery to correct any permanent disfigurement solely and directly related to the insured event;
  • personal financial loss;
  • reasonable and customary expenses paid by you for landing and takeoff fees, refueling charges and other expenses to transport occupants of a hijacked conveyance to their final destination (for hijack only);
  • the cost of repatriating your body if you die during an insured event;
  • the cost of child care related to an insured event;
  • expenses to search for explosives or harmful material on your premises;
  • the cost of electronic sweeps for bugs or other electronic listening devices on your premises;
  • expenses incurred for ransom delivery;
  • all other reasonable expenses incurred by you with our prior approval.