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Kidnap and Ransom Insurance

The piracy has become a real exposure for the world shipping community, particularly in Red Sea, Gulf of Aden, Gul of Oman and Indian Ocean transits. In this respect, insurers have developed marine Kidnap & Ransom insurance policies, which can also be extended to cover Loss of Hire during the period the vessel was kidnapped.

  • Ransom Payment
  • Loss of ransom in transit
  • Response Costs
  • Personal injury / death
  • Legal costs
  • Loss of hire (additional cover) - 95 or 180 days at a daily rate to be agreed without deductible.
 
 


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