Kidnap and Ransom Coverages

Kidnap insurance provides numerous benetits and services to the policy owner and the insured. Most people believe that kidnap insurance is only a ransom benefit.

Corporate and personal security has improved dramatically. However, the use of kidnapping or extortion to gain access to industrial secrets, to make socio-political statements, or for monetary purposes, continues to rise.

Most kidnaps are carried out in order to obtain a ransom, and in most cases a ransom is paid. Rescues are rare, largely because the authorities in most countries recongnize that the safety of the victim is paramount. the average percentage of deaths following a kidnap is 9%. In cases involving The Crisis Response Team, less than 2% of people are killed.

Average U.S. citizens and business owners have become more vulnerable due to the current politics and economics of the world.  Now you can help protect your clients from what may be a serious event in their life.  The most important feature is the immediate access to a highly skilled and trained Crisis Assistance Team with locations throughout the world.  Their job is to take action so the local authorities do not make fatal mistakes with the negotiations.

Petersen International Underwriters issues Kidnap & Ransom Coverage insured by Lloyd’s of London. The Crisis Response Team is a premiere provider of political risk assessment, crisis management, security management and investigative services.

Kidnap & Ransom Brochure

Event Insurance for Cancellations

Sometimes things happen that are beyond anyone control which in turn can cause thousands of dollars to be lost.  Protect your event with Petersens event cancellation and non appearance policy.

Events can be cancelled due to many situations such as weather, sickness or non appearance.  Petersen International Underwriter helps protect from the financial loss of these types of situations and others. Event insurance and non appearance coverage can help protect in unforseen situations that are actually out of anyones hands. Cancellation of musicians, conventions or special events need coverage protection to help cover financial loss of staffing, supplies and other materials involved.

This insurance indemnifies the Insured parties for costs and expenses incurred to organize and produce an entertainment event should the event be cancelled, abandoned, postponed, curtailed or relocated due to a cause beyond the control of the Insured

Special contingencies are most often prescribed to entertainers, but we find many uses for this coverage in the business world each day. Event Insurance for cancellations and Non-Appearance Insurance coverage is used to indemnify the expenses incurred in preparation for an event. This could be a concert, business convention, rally, or any type of special event that is dependent upon an individual, group or even the weather.

Event Insurance Brochure