K&R Insurance in Canada
If the worst-case scenario happens in a high-risk country, kidnap and ransom (K&R) insurance kicks in for the policyholder, with added peace of mind.
Protection & Security with K&R Insurance
Does your business operate in potentially hostile international destinations, where kidnap and ransom are a legitimate threat? Typically, kidnap and ransom insurance is a stand-alone policy for employees who travel to international destinations with high-risk situations. Speak with a Rhodes & Williams broker to get the right coverage for your protection against situations involving kidnap, ransom, and extortion.
What is K&R Insurance?
Kidnap and ransom insurance is protection if you travel or work in high-risk areas where K&R is a risk. Originally focused on protection for high-income earners, kidnap and ransom insurance is now offered to middle income earners and young adults for business and personal travel.
What is Covered Under a K&R Insurance Policy?
A kidnap and ransom policy may include the options below:
- Ransom payment coverage
- Crisis negotiator access
- Medical and Psychiatric care
- Legal Liability Coverage
Why choose Rhodes & Williams Insurance?
In Business for almost 90 years.
As an independently owned brokerage, we take care of our clients at every stage of the insurance journey, from the initial connection to the completion of each customer’s request, on time.
Hands-on Insurance Services.
We have a team of committed brokers, which allows us to be the go-to insurance brokerage in major cities in Canada. We provide impeccable service so you can go on with your life with your insurance needs taken care of.
Trusted by Many.
Whether you need home, car, business, or recreational insurance in Canada – we have your back. See our Testimonials for proof of exceptional service.
The price of a K&R insurance policy varies depending on the situation of the policyholder. An experienced broker in the area of K&R will assist you with details of each component of your insurance plan, along with the costs.
Anyone can invest in a Rhodes & Williams’ kidnap and ransom insurance policy. Commonly, these types of policies are not top-of-mind, even when travelling in high-risk countries. Employers who send their employees abroad, or domestically, may want to consider a K&R policy due to instability in certain countries. Employers should consider adding an employee’s family, volunteers, and short-term, part-time and full-time staff to the policy. Ask a Rhodes & Williams broker for advice.
Expenses for several items in a K&R policy include accident & dismemberment, product recall, business interruption, and more. Consult one of our expert K&R insurance brokers for a rundown of what is included in a policy package.
Yes. Often, cyber-attacks are an add-on to a standard K&R insurance policy. Cyber extortion is a typical add on.