The impact of a kidnap or similar event can be enormous and it is essential that it be handled in the correct way. It is extremely traumatic for those involved, and an organization dealing with an incident may face huge losses from ransom payments, business interruption, litigation, adverse publicity and long-term damage to reputation.
Having worldwide exposure means that your exposure to kidnap, detention and extortion is higher than other organizations and it could be argued that having insurance in place for this risk is a prerequisite of doing business in some countries.
Our comprehensive solution helps our clients to reduce their exposure to the threat. We assess our client’s needs and work together on providing a solution which is appropriate and includes tailored coverage wording and guaranteed and unlimited access to specialist response consultants. The response consultants not only help when things go wrong but they also work with clients to ensure protocols are in place to mitigate the risk as much as possible.
All businesses and high net-worth individuals, particularly those that are traveling in Africa, Central America and the Middle East.
Kidnap and Ransom policies are short-term products and are underwritten by AIG South Africa Limited, FSP No: 15805