As your company expands globally, so does your exposure. Companies with international operations and executives or staff who travel internationally may be targets for kidnappers and extortionists. While no one can predict where or when a kidnapper or extortionist might strike, there are steps you can take to protect your employees and families and prepare for a possible threat. Kidnap and ransom insurance are an integral part of a risk management program.
Kidnap and ransom insurance covers the following:
Ransom and extortion payments as a result of a kidnapping or extortion threat.
Loss of the ransom or extortion payment while being delivered.
Expense coverage as a result of a ransom or extortion demand, which includes fees and expenses of independent negotiators, and travel and accommodation expenses.
Legal liability coverage protection in the event it’s alleged the insured was negligent in hostage retrieval.
Political threat coverage for expenses when a person is wrongfully detained by anyone acting for a government or with the government’s approval.
Contact us for more information, or request API’s free, no-obligation comparative quote from multiple insurance carriers to get the best possible rate.