As more businesses take on a global dimension, so too do the risks they encounter.
Included in those risks is the threat of:
Kidnap for Ransom
Extortion for Ransom — threat to kill, damage property, contaminate products or
divulge trade secrets
Wrongful detention
Hijack
Latin America, the Caribbean, Africa, Eastern Europe, the Middle East and the former Soviet Union all pose significant Kidnap & Extortion exposures. With many kidnappings reported each year (many going unreported) the risk to employees, both based and sent overseas,
is real and growing.
The good news is that Kidnap & Ransom insurance is both easy and relatively inexpensive for businesses to arrange.
The cover available is also wide and (in addition to the risks noted above) can also include:
Death/Dismemberment benefits
Medical and Rehabilitation costs
Evacuation and Repatriation
Child abduction
Family pets
Loss in-transit of payment
Crisis consultants fees & expenses
Policies can be underwritten for named employees’ or on a blanket basis for the whole company.
Towergate ghbc is a trading name of Towergate Underwriting Group Limited and is authorised and regulated by the Financial Services Authority.
You can check our details on the FSA register (www.fsa.gov.uk/register) under Firm Reference Number 313250
