Kidnap and Ransom Insurance
Whilst kidnap is rare it is a recognised threat in a growing list of countries and territories. Compounding the trauma of the event is the additional threat that a ransom demand will be made and it is why kidnap and ransom insurance is a critical consideration.
Without protection, families and businesses can suffer serious financial difficulties. It is why we introduced a kidnap and ransom insurance policy, designed to cover you against costs incurred should you or an employee be detained or kidnapped.
We are experienced in placing risks emanating from all areas of the world including Afghanistan, Iraq, the Philippines, Western Africa and the frontier of Columbia and Venezuela.
With access to some of experienced kidnap and extortion case management officers, we will work to secure the safe release of hostages.
We also advise clients how to formulate corporate contingency planning, drawing upon response companies’ expertise in dealing with kidnap and ransom, extortion and products extortion and piracy.
Areas of expertise include:
- Ransom, detention and hijack
- Extortion and product extortion
- Fees and expenses for negotiators and interpreters
- Travel and accommodation costs
- Medical and/or psychiatric care costs
- Interest on authorised loans to meet a ransom