Sunday, November 19, 2017
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Ransom Insurance

 

Kidnap for ransom is a real threat in many parts of the world, and global corporations have a duty to care for their local, traveling and expatriate staff. An organization dealing with an incident faces potential losses from ransom payments, business interruption, litigation, adverse publicity and long-term damage to its reputation.


Typical benefits provided by ransom insurance policies include:
  •  Ransom money
  • Informant money
  • Crisis management services
  • Legal liabilities
  • Rehabilitation
  • Personal security consultation
  • Negotiation services
  • Family counseling
  • Loss of ransom in transit
  • Medical services and emergency evacuation
  • Interpretive and forensic services
  • Business security consultation
  • Accidental death
  • Reward money