Hi, can anyone recommend legitimate companies or provide advice on where to get kidnap and ransom insurance for a one-off trip? This is for a scientist doing a month of fieldwork. I’ve seen annual rates around $1,500, but how does that work for a single trip? Any estimates or tips would be appreciated.
Lloyd’s of London is a good starting point. They handle super niche policies like this.
Look for companies working through Lloyd’s or the surplus market. Rates will depend on the destination and details of the trip. They’ll likely need a full workup of the itinerary.
You should reach out to a local independent insurance broker who specializes in middle-market or high-net-worth clients.
Where the scientist is going, what they’re doing, and what they’re studying all affect the policy. The most valuable part of kidnap and ransom coverage is the crisis response team, so make sure the insurer works with a firm experienced in that specific region.
Also, if the scientist is working for a university or nonprofit, there’s a good chance they already have a policy in place. Kidnappers usually target the deeper pockets of these organizations rather than the individual or their family.
Safeco includes this as part of their homeowners insurance at certain coverage levels. It might be worth checking out if you’re looking for an affordable option.