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Kidnap & Ransom
The fixed-premium kidnap & ransom policy includes cover for:
- ransom payments and any associated expenses
- loss of ransom in transit
- crew liabilities arising from acts of piracy and kidnap
- cost of independent crisis management consultants
- loss of hire
Ransom payments and associated expenses cover will normally be limited to $10m per insured event and $2.5m for loss of hire, though higher limits can be arranged.