Kidnapping and ransom operations are a very common form of organized crime in some regions of the globe, with clear processes expected as a normal method of acquiring the ransom. In most of these cases, professional operations are motivated to make the transaction smooth and to deliver as promised because they need a reputation for doing so to motivate payment. Unfortunately, payment is often difficult to procure, which is why many companies and individuals purchase kidnap & ransom insurance.
Work and Live Internationally With Confidence
When you travel on business, any kidnap or ransom coverage should be handled by your employer as part of their responsibility for you. When you go abroad to set up your own business or to get established in a new country, it’s often a good idea to buy coverage for yourself because you can look like a wealthy investor even if your means are modest, due simply to the perception of international investors or expats in the area.
Kidnapping insurance does not just cover the cost of ransoms paid, either. It also takes care of additional risks like extortion schemes or hijackings. Policies also cover death due to the actions of a kidnapper, dismemberment, and other relevant medical costs. Get a quote today to learn more about buying a kidnap & ransom insurance policy.
