Kidnapping for ransom isn’t just a risk for high-profile celebrities. According to Global Guardian, an estimated 12,500 to 25,000 kidnappings occur worldwide each year — and the real number is likely higher. These incidents can happen while travelling or even during daily life.
Anyone Can Be a Target
Kidnappers may demand anything from cash to company trade secrets. Factors such as your job, financial status, citizenship, affiliations, or travel plans can make you a target.
One growing threat is virtual kidnapping — a phone scam where criminals pretend they’ve taken a loved one. They often use personal details found on social media to make the story believable, frightening the victim into paying before they realize no one was actually harmed. The emotional and financial toll can be devastating.
How Insurance Can Help
While no policy can prevent a kidnapping, kidnap, ransom, and extortion (KRE) insurance gives you access to experienced crisis professionals and coverage for:
- Professional negotiators and security teams
- Special investigators and forensic analysts
- Ransom reimbursements
- Legal, media, and cultural consulting
- Psychiatric support and aftercare services
- Preventive training and security risk assessments
Some exclusions apply for high-risk areas or destinations under “do not travel” advisories.
Before You Travel Internationally
Reduce your risk by:
- Registering with the Government of Canada’s Registration of Canadians Abroad service.
- Checking travel advisories and customs restrictions.
- Learning about your destination’s laws and customs.
- Adding KRE coverage to your travel insurance policy.
Peace of Mind for You and Your Family
KRE insurance offers financial protection and the expert help you need to navigate an emergency. Talk to us today about adding it to your coverage.
Bulger Insurance
Your safety is our priority. Contact us for a personalized quote.
