Accident & Special Risks
Kidnap, Ransom & Extortion
The possibility of kidnap for ransom is a very real threat faced by individuals, businesses and organisations across the world. While some countries have particularly high rates of crime our experience has shown that no part of the world is totally immune from this threat. It is difficult to gauge the precise extent of global kidnapping as many incidents go unreported, however it is estimated that there are at least 50,000 people are kidnapped annually.
For over 25 years we have been protecting families and businesses against the threat of kidnap, extortion, illegal detention and hijack. We have come to understand the numerous issues facing that arise during an incident and their impact on the victim, relatives, employers and colleagues.
Key benefits
The key benefits we provide are immediate access to crisis management services when the incident occurs and financial protection against the costs incurred. We can adapt our policies to meet individual requirements. Key elements of the coverage available:
- Unlimited fees and expense of the specialist international crisis management services
- reimbursement of ransom or extortion payments
- cover for any related expenses including salary, rewards, travel and accommodation expenses, media relations consultancy and any other necessary expenses
Most important amongst these benefits is immediate access to a specialist crisis management company. Experience has shown that specialist advice increases the chance of safe release significantly.
Our preferred supplier of crisis management support is ASI Global. ASI Global, LLC provides a portfolio of Crisis Management, Prevention and Pre-Incident services to private clients and families, financial institutions and major corporations throughout the world. These services are delivered through our exclusively retained, regionally deployed, and area-qualified Kidnap & Ransom Response Consultants.
The ASI Global Response Team can respond to insured events and the Kidnap & Ransom Practice guarantees a qualified consultant on-site usually within 24 hours of notification, if necessary and depending on the country and region thereof.
For more information, see www.ASIGlobalResponse.com
Crisis prevention
Importantly, we encourage our policyholders, whether individuals, families or business corporations, to take the necessary steps to reduce the chances of a crisis arising in the first instance.
The consultation includes advice on security requirements and crisis management planning including the necessary training such as defensive driving and surveillance avoidance techniques. In addition, policyholders benefit from online access to up-to-the-minute information on the security situation in countries around the world.
For more information about our Special Risks policies contact us.
Kidnap and Ransom Global watch - December 2009/January 2010
Kidnap and Ransom brochure
Piracy for ransom: the full story and the hidden costs
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Travelers Syndicate Management Ltd.