Why kidnap and ransom insurance is getting a new name
insurancebusinessmag | June 19, 2019
If you were buying a policy called kidnap and ransom insurance it probably sounds pretty straightforward as to what it will cover - kidnaps and the ransoms needed to secure a safe return.
However, that is not always the case. In many cases kidnap and ransom insurance products (or K&R as it is referred to by industry insiders for short) actually covers a wide range of other events such as business interruption, extortion and emergency evacuation.