Kidnap & Ransom Insurance
Kidnap for ransom is a very real threat in many parts of the world, and global corporations have a duty of care to their local, traveling and expatriate staff. An organisation dealing with an incident faces potential losses from ransom payments, business interruption, litigation, adverse publicity and long-term damage to reputation. Our experts can ensure that your people and your business are given the most comprehensive kidnap ransom insurance and protection.
A comprehensive solution
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 believe that every corporation with employees living in or traveling to sensitive or dangerous parts of the world should have crisis management plans supported by the benefits of a policy. In the event of a kidnapping incident, the policy ensures you have immediate and unlimited access to specialist response consultants in addition to risk transfer. The advice offered by the consultants is crucial to help minimise the impact on human lives and your business operations.
Key features and benefits of kidnap ransom insurance:
- Reimbursement of costs associated with a kidnap for ransom, extortion, detention or hijack incident
- Immediate and unlimited access to specialist response consultants
- Personal security and corporate risk mitigation guidelines
- Access to travel risk information and safe traveler training
We can 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 can 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.