It used to be that kidnapping, ransom and extortion were the stuff of movies. Sadly, that’s no longer true. Mining operations in Central and South America, as well as companies with activities in Africa, Asia or the Middle East, are all vulnerable to kidnapping or extortion by criminals. Mexico, Nigeria, Venezuela and Pakistan are particular hot spots for this type of criminal activity. As globalization continues and corporations move into some lawless parts of the world, more and more executives and their families can be the victims of criminal activity, kidnapping or terrorism. Sixty-one per cent of all kidnaps globally are of employees and their dependants.
Without wishing to scaremonger, it really can happen to anyone – from middle-ranking executives to board members. However, the good news is that you can help protect your personnel and your company with Kidnap, Ransom and Extortion Insurance from The Axis Insurance Group.
Having a kidnap and ransom insurance policy not only gives you peace of mind, but also makes good business sense.
Dealing with a kidnapping or hijacking, negotiating with criminals or rescuing hostages can be incredibly expensive and takes a lot of experience and very particular skills. Having Kidnap, Ransom and Extortion Insurance means that when trouble strikes, you have the very best people on your side. When you purchase a kidnap policy from Axis Insurance, we will appoint a specialist service provider and experts in hostage recovery such as Control Risks International – and we’ll give you their emergency number at the start of the policy. That way, in the event of a kidnapping or hijack taking place, you can call the specialists direct, with just your policy number, to take immediate control of the situation. All the fees and expenses incurred by the specialist are unlimited following an insured event and they work completely independently of Axis. Thankfully, 93% of all kidnaps are ended successfully.