SRP family cover
SRP (Special Risk Protection) is a policy designed for private families, individuals and small groups of shareholders (+ families) of privately owned companies. It operates on a named person basis and also provides cover for those temporarily engaged for the sole purpose of negotiating and/or delivering a ransom.
Summary of cover following an incident of kidnap, extortion, detention or hijack:
| Cover |
Definition |
What we pay |
|
| Ransom |
Cash, goods or services surrendered to meet a kidnap or extortion demand |
Full policy limit per event * |
|
| Ransom in transit |
Loss is transit of the ransom by destruction, disappearance, theft or seizure |
Full policy limit per event * |
|
| Additional expenses |
Public relations experts, interpreters, travel and accommodation, psychiatric, medical and dental care, legal advice, rewards, advertising, 100% of victim's gross salary, interest on loans, communications equipment, forensic analysis, rest and rehabilitation costs, cosmetic and plastic surgery, personal financial loss and all other reasonable costs resulting from an insured event. |
Full policy limit per event * |
|
| Response consultants |
The fees and expenses of response consultants |
UNLIMITED |
| Personal accident |
Death, injury or mutilation that arises as a result of an insured incident |
Limit as quoted per event ** |
|
| Rest and rehabilitation |
Necessary rest and rehabilitation costs |
Sub limited *** |
|
| * The policy limit applies to each component of the cover. Unless otherwise stated, limits are per insured event and in the aggregate. Reinstatements are also available. |
|
| ** Unless otherwise stated, the standard personal accident limits apply of $100,000 per person, $500,000 per insured event |
|
| *** Rest and rehabilitation sub limited to $12,000 per insured event and in the annual aggregate |
|
