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The rise of terrorism and transnational crime has been seen to increase dramatically in the past decade. No longer entirely political or revolutionary in purpose, some kidnappers are simply concerned with financial gain. (To them, it is just everyday business.)
This growing phenomenon increases the percentage of incident probability in respect of kidnapping and extortion and creates a unique need for coverage that had previously been unavailable or else prohibitively costly.
Kidnap and ransom (K&R) are not just economic crimes. The human, real and material costs to individuals, corporations, media & humanitarian aide groups are great. The impact on employees, families & the persons who are directly involved, can be shattering.
K&R Services Available
K&R insurance policies from industry leaders, for world-wide coverage, offering a range of options and insurance products
K&R Consultants, available on 24hour call to the insurance company, client and their family or organization. Ready to respond, lead negotiations, liaise with embassy, insurance company, police and other agencies as required in such incidents. Our consultants comes from the ranks of elite USA and UK Law Enforcement agencies and appropriate Insurance Groups
Bodyguard or Close Protection Team, provided as part of the agreed policy, to ensure security of family members and other personnel, throughout the duration of the incident
Hostage Retrieval Teams (HRT), trained in K&R, hostage rescue and extraction. Available on 24hour call, to facilitate the safe collection and return of persons following successful negotiations, or else acting upon the decision of family members and local agencies, to extract kidnap victim(s) and transport them to a safe location. Our HRT personnel are all specialists, with operational and training expertise within HRT formations such as the SAS, SBS, US Navy Seals, Delta, DEA, FBI or Police SWAT
Insurance alone is not enough in a crisis situation. In addition to financial cover, clients require immediate expert assistance. Included at no additional charge to a policy holder, are the services of our K&R consultants, together with a negotiation, close protection and retrieval team if required, on call 24 hours a day, ready to travel anywhere in the world to provide emergency crisis assistance in the event of a kidnapping.
Our clients include multinational corporations operating in high risk regions of the world, financial institutions, key executives working in and individuals whose wealth or fame may attract the attention of criminals. Such clients include financially prominent families, heads of large corporations, media, humanitarian aide personnel and celebrities, at home and abroad.
The cost of a broad coverage, high limit plan can be surprisingly reasonable. Given that the actual cost can be further reduced because premiums may be considered an ordinary business expense, deductible for income tax purposes, it becomes even more so.
We ensure that a client is guided through every stage of the negotiation process through to the resolution, ensuring that the client is able to evaluate the information through the duration of the crisis and so able to make sound decisions under extremely difficult circumstances, with our support
Optional briefings and training sessions giving advice and practical methods for avoiding an incident, or how to cope in captivity, are available to all clients and should be sought by those living in, or traveling to, high risk countries and cities
Organizations that send employees abroad, should consider purchasing K&R insurance as part of their best practice, legal and moral obligation. Most policies insure the ransom funds while it is in transit, the K&R consultant's fees, medical, counseling, media liaison and legal fees.
Extortion coverage is also usually included in a typical K&R policy. This coverage protects from threats against property, computer systems and the contamination of products.
Additional coverage that a K&R policy can provide is expense reimbursement. This includes travel expenses for family members, the kidnapped employee and the abductees lost salary
Kidnapping is on a rise, yet only 60 percent of Fortune 500 companies, carry K&R insurance. This trend is now changing, with insurance underwriters and the individuals themselves, now requiring that K&R services be included within the terms and conditions of their employment.
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