The Necessity Of Corporate Kidnap And Ransom Insurance

We are seeing a surge of Corporate Kidnap and Ransom enquires with us as companies begin to resume frequent travel to high risk areas. According to reports, there are 10 high risk countries which are responsible for 92% of all kidnaps. International businesses are expanding and with this, have more presence in countries, some of which have high kidnap rates.

High Risk Areas for foreign nationals are mainly concentrated in LATAM, Africa or the Middle East (spanning from Mexico to Mali, Nigeria, Syria and down to Yemen). For established international companies where employers visit High Risk Areas, if the situation suddenly changes then it is crucial to have a bespoke kidnap and ransom insurance policy in place to mitigate risk and protect employees through access to a specialist risk consultancy.

A Kidnap and Ransom insurance policy could cost you thousands but you have the peace of mind knowing that in the event of a Kidnap where the ransom demanded is millions, you are fully covered. If a destination is imperative to a business’s interest and travel is necessary then a Kidnap and Ransom insurance policy should also be beyond question to ensure safety.