Kidnapping for ransom money is on the upswing. Kidnap and ransom insurance is now available as part of a comprehensive business insurance package, as a stand-alone policy for individuals and from a few insurance companies as part of their homeowners insurance policy. Corporate policies generally cover most kidnapping-related expenses including hostage negotiation fees, lost wages and the ransom amount. Policies for individuals help pay for the cost of dealing with a kidnapping but do not reimburse for ransom payments.
Source: Insurance Information Institute, “What does kidnap and ransom insurance cover?” http://www.iii.org website. Accessed November 28, 2015. http://www.iii.org/article/what-does-kidnap-and-ransom-insurance-cover
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