Kidnapping is a true and growing threat in the modern world of business. Companies that maintain employees in other countries or have employees that frequently travel abroad, possesses a high profile, deal with large amounts of money, or work with sensitive information or technologies face an increased risk.
Although rarely publicised, extortion against corporate assets is a rapidly growing international reality with a recent intensity in North America.
Examples of types of extortion can include: property damage, bodily injury, pollution, cyberspace, and intellectual property. All companies must prepare for these very real threats, as they can occur practically anywhere in the world.
Kidnap & Ransom insurance is a vital asset for any business that maintains employees abroad or frequently travelling employees, especially to places in Latin America, Asia, Eastern Europe, and Africa.
It is of particular importance for high profile and/or very lucrative companies that operate domestically or internationally, as well as for manufacturers or consumer goods retailers.
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