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Extortion

Australia has one of the highest occurrences of extortion in the world. Extortion can affect all companies from large blue chip organisations to SMEs.

Extortion insurance can give your company protection from the direct costs and resultant damages of extortion that can run into millions of dollars.

Common extortion culprits may include disgruntled employees, bitter competitors, opportunistic criminals or computer hackers.

As a company, you have a number of legal obligations including your duty of care. Receipt of an extortion demand and failure to have adequate risk protection measures in place may see a breach in your Duty of Care, leaving you open to serious legal action.

Extortion insurance can give you the stability needed to build a bright future for your company. We strive to empower you with the confidence to succeed.

To find out more about Extortion Insurance and the implications for your business, please contact us on 1300 424 627.

Please Note: These are some of the more common insurance policy features, however, the list is not exhaustive and some features may not be offered by certain insurers. Please refer to the insurer-specific policy wording for inclusions, exclusions, terms and conditions. 

Covered Features

  • Extortion  Payment

    Payment

    Cover for the extortion payment.

  • Extortion  Replacement of Extortion Monies

    Replacement of Extortion Monies

    Cover for the replacement of lost, damaged, destroyed, confiscated, wrongfully abstracted, or vanishing extortion monies in transit prior to handover.

  • Extortion  Incident Expenses

    Incident Expenses

    Cover for legal, medical and psychiatric expenses resulting directly from the incident.

  • Extortion  Negotiator Expenses

    Negotiator Expenses

    Cover for the fees and expenses of negotiators where required.

  • Extortion  Crisis Consultant

    Crisis Consultant

    Cover includes the appointment of a Crisis Consultant who works with the insured to resolve the extortion event.

  • Extortion  Hoax

    Hoax

    If the extortion attempt is a hoax, costs and expenses incurred are still covered in most instances.

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