FGIB:Protect Your Organization and People with Kidnap, Ransom & Extortion Insurance

Each year, kidnappers rake in an estimated $1.5 billion in ransom payments with an estimated 15,000 to 20,000 reported kidnappings taking place globally. Among the prime targets are wealthy businessmen and their families and professionals here at home and traveling abroad. This includes those in the financial sector, such as banks and thrifts and securities firm, and businesses of all types including IT firms, healthcare firms, and non-profit organizations. Financial Guaranty Insurance Brokers (FGIB) provides flexible Kidnap, Ransom & Extortion (K&R) coverage, along with crisis management services, in the event of an incident through our top-tier insurers, to protect you and your valuable employees.

FGIB: An Experienced Hand at Work

Our K&R coverage can be tailored for a wide range of businesses. Coverage can be designed to include:

Kidnap ransom or extortion payment, including cyber extortion
Ransom delivery
Legal liability
Reasonable expenses incurred in connection with a kidnapping, extortion threat, hijacking, political threat, or wrongful detention
Independent security consultant
Business interruption
Accidental death and dismemberment
Emergency political repatriation
Disappearance investigation expense
Express kidnapping
Hostage crisis

The policy can cover the company, its directors and officers, and full-time, part-time, seasonal, leased, and temporary employees, relatives of employees, and any person retained to deliver a ransom, among others. Depending on the plan, K&R may cover: medical, cosmetic, dental, rehabilitation and psychiatric care; loss of income; personal financial loss; childcare, and, in the worst cases, funeral expenses.

WHAT OUR CLIENTS ARE SAYING

“Financial Guaranty Insurance Brokers have been our provider for insurance policies since the Bank’s inception. I have personally dealt with Joe Scully and Manny Kim for many years and they are excellent to work with. They are always available to assist us with any needs or concerns we may have in dealing with the insurance companies. I would definitely recommend FGIB.”

Toni Umphreyville, Chief Financial Officer

Community Valley Bank

“Words cannot express my sincere thanks to FGIB. In 2009 our bank was put into a regulatory C & D. Our Fidelity and D & O Bond was cancelled, without notice, from a company that the bank had been with for over 20 years. The cancellation shocked us, since we had an additional 17 months until the Bond’s expiration date.

It was an extremely difficult time for our bank. Fortunately, we were put in contact with FGIB. FGIB was able to find reasonable coverage for our Fidelity and D & O Bond, when no one else would. We have been a customer ever since. We appreciate FGIB’s honest, personal, and professional service.”

John G. Sorensen, Jr., President

Home Savings Bank

Providing Solutions that Align with Your Business Needs

Our vast network of contacts, through industry organizations, long-established relationships and years of service to the financial industry and beyond, enables FGIB to sort through the complexity of choices to recognize the right fit for your organization. We know your industry and understand how to secure the appropriate insurance solutions. We are licensed in the majority of states and are ready to serve you. Give us a call at 626.793.3330.