KIDNAP & RANSOM INSURANCE

Terrorism has increased dramatically in the past decade. No longer entirely political in purpose, some terrorists are primarily concerned with financial gain.

This new phenomenon not only broadens the base of incident probability but also creates unique needs for coverage that has previously been unavailable or prohibitively costly.

Kidnap and extortion are not just economic crimes. The costs to business, large or small, may be substantial. The impact on the employees and their families, who are directly victimized, are placed under enormous financial as well as emotional strain. They are in no condition to make the quick and vital decisions necessary; they are in need of immediate, expert advice. And they are in need of broad financial coverage for the far-reaching consequences of kidnap and extortion.

Kidnap, detention and extortion are real dangers for companies operating both overseas and in domestic markets. Unfortunately management often overlooks these risks on the grounds that "It won't happen to us" but the damage they inflict on a business can be severe.

This type of insurance applies to anyone in the public eye such as heads of large corporations, expatriated employees and those working in commercially sensitive positions.