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Extortion Insurance

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Extortion Insurance
An insurance policy providing coverage in the event that the insured party is threatened with violence toward him/her or his/her property unless a payment is made. As with all insurance, one must pay a premium in exchange for coverage. See also: Political risk, Blackmail.


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Usually kidnap ransom and extortion insurance, subject to policy limits together with terms and conditions, reimburses the policyholder for the pirate's ransom and extortion demands and pays for hostage/ransom negotiation expenses.
and Allied World National to expand their national platforms into the middle market account directors and officers liability segment with additional coverage including employment practices, fiduciary liability, outside directorship liability, fidelity, crime as well as kidnap, ransom and corporate extortion insurance products.
Executive Protection Portfolio's kidnap/ransom and extortion insurance reimburses for certain ransom and extortion payments and a wide army of related expenses, and it makes available the services of Ackerman Group, a hostage negotiation and international security firm.
 
 
 
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