Kidnap for Ransom and Extortion Solutions
Aon helps you protect your organization against the risk of kidnap for ransom, extortion, detention or hijacking, providing you with effective advice and financial protection.
There are 15,000 to 20,000 kidnappings reported globally each year, with many more going unreported. A kidnapping is not only traumatic, but it can lead to significant financial losses from ransom payments, associated costs, business interruption, litigation, adverse publicity and long-term reputation damage.
We offer kidnap for ransom and extortion insurance products from a wide range of insurers for the broadest choice of price, coverage and response consultants.
Aon provides security guidelines to help reduce your vulnerability to attack. We also offer as senior executive resilience reviews as well as comprehensive and bespoke training for personnel who travel to high risk locations.
Aon’s proprietary insurance policy includes coverage for the costs of:
- Loss of ransom in transit
- Legal fees and other associated costs
- Fees and expenses of specialist response consultants (unlimited)
We also provide custom coverage for political repatriation, loss of earnings, express kidnapping, child abduction, hostage crisis, tiger kidnapping and disappearance, and expenses associated with malicious threats.
Aon’s policies provide financial reimbursement as well as immediate and unlimited access to specialist response consultants, who provide advice and support to your crisis management team and the victim’s family throughout an incident.
For more information about Aon kidnap and ransom insurance, please contact us.
Kidnap and Ransom Insurance
Kidnap & ransom insurance not only protects you against financial loss but also gives you access to the services provided by the world’s leading crisis management and security companies.
What is an insured event?
- Kidnap: the seizure and holding of an insured person for the purpose of demanding a ransom.
- Extortion: demands for ransoms coupled with the threat to kill or injure persons, damage property, contaminate products, disclose commercial secrets or private information or to destroy data by means of computer viruses.
- Deprivation of freedom: the illegal detention of a person or the deprivation of their personal freedom by a government or rebel grouping, etc.
- Hijacking: the illegal deprivation of personal freedom by recourse to a means of transport (aircraft, motor vehicle, ship or train).
Elements of cover
- Ransoms and extorted money
- Loss on the handing over of the ransom
- Legal defence costs and compensation
- Advice costs
- Travel costs, salaries, medical and in-patient care costs, expert assessors, interpreters, increased security and surveillance costs, etc.
- Business interruption costs
- Death or disability