Kidnap & Ransom

A kidnapping is not only traumatic but can also lead to significant financial losses from ransom payments, associated costs, business interruption, litigation, adverse publicity and long-term reputation damage.

Our Kidnap and Ransom practice helps protect organizations against the risk of kidnap for ransom, extortion, detention, or hijacking, providing effective advice and financial protection. We offer kidnap for ransom and extortion insurance products from a wide range of insurers for the broadest choice of price, coverage, and response consultants.Kidnap Extortion and Detention are dangers that are often overlooked by management on the grounds that “it won't ever happen to us”, but the damage this can inflict on a business can be very severe - as the annual roll call of corporate and individual victims around the world testifies. All organizations should assess the risk of such an attack and implement plans to minimize the risk. These should combine effective security measures with insurance to protect against disruption and financial loss. Kidnap and Ransom insurance (or "K & R" as it is known) provides protection from the financial consequences of a kidnapping and extortion attempt. It is often felt to be an important coverage for companies that send executives abroad for business travel or on an overseas posting.

Kidnap & Ransom insurance provides financial and other resources to aid corporations and the families of employees in resolving a ransom demand in a kidnapping. Most policies also provide financial resources required to resolve an extortion threat against corporate assets or products. Purchasing K & R insurance is easy, but the process must be confidential.