Maritime Kidnap
& Ransom
Insurance
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Piracy and crew detention remain credible risks on certain international shipping routes.
Maritime Kidnap
& Ransom
Insurance
_________________________________
Piracy and crew detention remain credible risks on certain international shipping routes.
Kidnap & Ransom insurance can provide financial protection and access to specialist crisis-response services when a vessel or crew becomes subject to kidnapping, detention or extortion, depending on policy terms.
Typical K&R Considerations
- ransom and related payments
- crisis-response consultants
- crew support
- medical and repatriation expenses
- legal expenses
- additional associated costs
- Loss of Hire extensions where available
Before Entering a Piracy-Risk Area
Owners should review:
- voyage route
- crew composition
- vessel freeboard
- speed
- citadel
- BMP measures
- armed guards
- naval reporting procedures
- K&R limit
- policy duration
FAQs
Is K&R the same as War Risks insurance?
No. They address different exposures and are often complementary.
Can K&R be arranged for one voyage?
Yes, depending on market availability.
Does the policy include crisis-response professionals?
Many specialist policies do, subject to wording.
Is Gulf of Aden transit automatically covered?
No. Terms should be confirmed for the specific voyage.
