Extortion-Threats to Persons and Property

The Extortion Rider provides protection in the event that an extortionist threatens a financial institution’s employees or property. The rider extends coverage for the loss of property surrendered as a result of threats to cause bodily harm or hold captive one or more of the following individuals: directors, trustees, employees, or partners of the financial institution or relatives or guests of one of the foregoing. The rider also covers property surrendered as a result of a threat to do damage to property. Coverage is provided on a worldwide basis. The person receiving the threat must make a reasonable effort to report the extortionist’s demands to an associate, the FBI, and the local law enforcement authorities.