Rescue services and financial loss prevention
For most of us, kidnapping is something that only happens in movies. But unfortunately, in many parts of the world, it is a very real threat. It can be traumatic and even life-threatening for the victims, and incredibly expensive for businesses and family members who are forced to pay extortionate ransoms.
In this situation, knowing that you are covered can help you focus on what’s really important – getting your people home safe.
Kidnap and ransom insurance provides a reactive rescue service, taking action at the first indication of trouble, working to rescue hostages quickly and safely. At the same time, it protects you from financial loss.
Kidnap and ransom insurance is often taken out by businesses operating in high-risk areas, people planning to travel through potentially dangerous countries, or high-profile individuals who can be at risk anywhere.
Kidnap is a real risk for international business people and high-profile individuals.
What does Kidnap & Ransom insurance cover?
Proactive threat response
A huge part of managing a crisis is gaining access to specialist response consultants. Our services include:
- Disappearance investigation
- Emergency Political Repatriation and Relocation
- Hijack
- Hostage Crisis
- Illegal detention
- Child abduction
- Piracy
Ransom and extortion
Ransom and extortion insurance protects your assets from illegal demands. This covers the costs if you’re forced to pay a ransom, including for ransoms lost in transit.
Personal accident
This provides compensation for injuries, disablement, and death.
Legal liability
Legal liability covers defence costs and compensation payments resulting from a crisis.
Loss of earnings
If you or your people suffer an injury that makes working impossible, loss of earnings provides income protection.
Cyber insurance
Cyber-attacks are increasingly used by criminals to steal and extort money. Cyber insurance covers losses resulting from a data breach.
Business interruption
When a kidnap or ransom prevents the usual operation of your business, business interruption compensates you for your loss of income.
Trends and insights
Our expert kidnap and ransom brokers produce independent country reports, offering trends and statistics to understand the level of risk your business faces in the different places you operate. These are available on request, for both current and prospective clients.