Marine kidnap for ransom and hijack insurance protects people, vessels and assets against losses from crew and ships being illegally seized or detained for ransom. It’s a popular policy because everything to do with these risks can be complex, time consuming, and expensive.
What’s covered?
This valuable cover protects a business’s finances against the potentially huge costs involved in:
- Ransom
- The loss of ransom money in transit
- Crisis consultants to support a positive outcome
- Legal liabilities
- Extra expenses including crew death and injury
- Crew rehabilitation