Kidnap and ransom insurance
For employees working in particularly high risk areas, PMI Global recommends Kidnap & Ransom (K&R) insurance.
This gives peace of mind and reassurance that security consultants are available to protect your employee and provide practical help on the ground should a problem arise. PMI Global can provide discreet advice and arrange additional health insurance cover for employees based in high-risk environments.
More than 12,000 kidnappings are reported across the globe each year, predominantly in Asia, Latin America, Africa and Russia. Ex pat businesspeople with their perceived symbols of wealth and inexperience in local customs can appear easy pickings.
A kidnap and ransom insurance policy could include:
- Cover for ransom payments
- Cover for the loss of a ransom payment in transit
- Specialist consultancy expenses providing advice and assistance during a kidnap or extortion incident, including a specialist hostage negotiator to work full-time on securing someone's release
- Cover for any financial rewards paid in the process of convicting the perpetrators of a kidnap or extortion
- Cover for associated costs and expenses, including legal, medical and psychiatric
- Payment in the event of a death or disability
Read more advice about the dangers of kidnap and ransom overseas or call PMI Global on 01606 353260 to find out how we can help your business.
