Extortion insurance will help you meet threatening demands and avoid the chance that someone makes good on their threat. You'll also have access to experts who can help you determine whether or not a threat is genuine. If it isn't, you may be able to avoid paying anything at all, and most importantly, have peace of mind that your safety is secured.
Extortion insurance is separate from ransom insurance—although the two are often bundled together. The main difference between these forms of coverage is that ransom insurance requires an actual kidnapping to have taken place, while extortion insurance deals with threats to kidnap, expose, or otherwise harm someone covered by the policy.
The usual focus of this coverage is offline interactions, but if you (or your business) rely heavily on technology, you may need to be insured against cyber extortion as well. For example, sensitive information obtained through a computer hack can be used in extortion threats. If you're not sure which type of coverage is most appropriate for your situation—or how much protection you need—call Rumer Insurance and ask one of our staff members to help you with a risk assessment.