In addition to purchasing proper coverage, check with your insurance carrier to see if they offer training sessions for traveling employees to educate them on how to react in a hostage situation. Learn More. Typically, the insured must first pay the ransom, thus incurring the loss, and then seek reimbursement under the policy.
By using our site, you agree to our use of cookies. We work closely with K&R insurance carriers to ensure you have the coverage, training and support you need, when you need it most.
The training typically provides insight on how to initially deal with captors until an expert is available to take over negotiations. Kidnap and extortion is a legitimate threat for U.S.-based businesses.
Protecting you and your employees from the threat of kidnapping and extortion by helping companies and employers navigate through dynamic, complex and constantly changing scenarios. Client had 7 employees travel throughout Kenya for meetings. The kidnappers force the employee to withdraw cash at nearby ATMs. Please fill out the form to learn more about Kidnap and Ransom services.
Global Guardian’s international network of consultants maintain an intimate knowledge of local cultures, communities and political climates as well as a culturally and politically sensitive approach to resolving all conflicts. Example: An investment professional traveling in India is forced out of his car by gunpoint while returning to his hotel. He was driven to an ATM machine and forced to take out money before being stripped of his personal possessions. It covers costs relating to events such as: Coverage includes ransom and extortion payments, in-transit money delivery coverage, consultant costs, negotiation costs, public relations costs, interest fees coverage, judgment settlements and defense costs. Someone could even try to force you to reveal company trade secrets. Kidnap and ransom policies can be an important part of risk management for smaller companies too. K&R is typically a stand-alone policy for employees engaged in international business travel. The event took place across several cities and rural areas, with long movements each night of the trip. We know not all industries are the same. We offer kidnap for ransom and extortion insurance products from a wide range of insurers, offering the broadest choice of price, coverage and response consultants. The Global Guardian Kidnap and Ransom Services team can address the most complex issues at the highest level of the client’s organization. Someone could have a grudge against you, your company or your employees. Local government authorities refuse to intervene to support the executive. Executive Benefits & Individual Insurance. With Global Guardian’s Kidnap and Ransom Services, clients have access to pre-event, real-time and post-event crisis response services. All plans were then validated to include route reconnaissance of overland movements and emergency landing zone fly-over by helicopter. Take Our Pressure Test [Tool].
Central Asia is also seeing increasing numbers of incidents, particularly in Afghanistan and Iraq.[1]. There are 15,000 to 20,000 kidnappings reported globally each year, with many more going unreported. We use cookies to personalize and enhance your experience on our site. Hiscox coverage includes threats, disappearance, assault, business interruption and emergency relocation and can extend to all cast and crew. Global Guardian provided security and medical support for the duration of the five-day event.
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