What is Kidnap & Ransom Insurance?
Kidnap and Ransom Insurance or K&R Insurance is a specialised insurance policy designed to protect individuals and businesses against financial losses resulting from kidnapping, extortion, wrongful detention, or hijacking. It is primarily used by multinational corporations, high-net-worth individuals, NGOs, and businesses operating in high-risk regions where such threats are more prevalent. More recently it has been purchased by several companies who hold large amounts of digital assets
Ransom Reimbursement
Covers the cost of ransom payments made to secure the release of the victim including ransom payments in BTC, ETH & USDC
Extortion Coverage
Protects against threats to harm individuals, property, or data (e.g., cyber extortion)
Crisis Response Services
24/7 access to pre-selected security experts, negotiators, and crisis management consultants.
Legal Liability
Can cover lawsuits resulting from a kidnapping event.
Why buy K&R Insurance?
As companies seek global expansion, high-net-worth individuals and corporate executives are often targeted when travelling. In addition, the rise of ransomware and cyber extortion, digital threats are becoming a major concern. K&R Insurance provides an additional safety net for executives who may be targeted.
How does K&R Insurance work?
The company purchases a policy, often covering multiple employees or family members. In the event of an incident, the company must notify the insurer and crisis response team. Professional crisis responders (often ex-military or intelligence professionals) manage negotiations and resolution. Ransom payments (if necessary) are made, and the policy reimburses the company. Additional support (medical, legal, psychological) is provided post-crisis.
Who is K&R Insurance for?
Kidnap and Ransom Insurance is designed for individuals and organizations that face a heightened risk of kidnapping, extortion, wrongful detention, or hijacking. It is particularly relevant for high-profile crypto investors and executives who are increasingly targeted for extortion as well as C-Suite executives & business leaders, especially those working in volatile regions or industries.
Why work with Continuum?
Our in-depth knowledge of both the industry and the appetite of insurers allows to advise clients on the appropriate solutions to help them protect their business and offer value to their clients. We take a client-centric approach, appreciating that insurance may be a future requirement rather than an immediate need and advise on the timing of policy inception as well as helping with payment schedules and budgeting requirements. Our aim is to advise emerging technology companies from seed to flower and become a long-partner with them through their journey to success.
Choose your industry to find the coverage that suits you
Web 3.0 & Emerging Technology
Crypto, Digital Assets & NFTs
Financial Institutions
EduTech and E-Learning
Fintech, Insurtech and DeFi
Tech Start Ups and Developers
Digital Health and MedTech
