The incidence of terrorism and transnational crime has increased
dramatically in the past decade. No longer entirely political in purpose, some terrorists
are primarily concerned with financial gain.
This new phenomenon not only broadens the base of incident probability in respect
of kidnapping and extortion, but it creates unique needs for coverage that had previously
been unavailable or prohibitively costly. Kidnap and extortion are not just economic
crimes. The costs to businesses, large or small, are substantial. The impact on
the employees and their families who are directly victimized can be even more severe.
Our partner, the Hiscox Syndicate, is the world’s leader in Kidnap, Extortion and
Detention insurance with more than a 60% market share in this category. Through
our combined knowledge and expertise, we bring you the most comprehensive and leading
edge coverage available the world over.
- Kidnap Ransom
- Bodily Injury or Death
- Property damage
- Product Contamination
- Dissemination of Trade Secrets
- Computer Virus
- Malicious Detention
Crisis Response Services Insurance alone is not enough in a crisis situation. One of the most valuable features of this program is expert crisis assistance. Included at no additional charge to the policyholder, are the exclusive services of Control Risks Group (www.crg.com), the foremost political and security risk consultants in the world. With offices on every continent, their worldwide negotiation team is on call 24 hours a day to travel anywhere in the world to provide emergency crisis assistance in the event of an insured kidnap or extortion event.
Our clients include multinational corporations operating in high risk regions of
the world, financial institutions, key executives working in commercially sensitive
positions and individuals whose wealth or fame may attract the attention of criminals
such as financially prominent families, athletes and entertainers.
The cost of a broad coverage, high limit plan can be surprisingly reasonable. The
actual cost can be further reduced because premiums may be considered an ordinary
business expense and, hence, are deductible for income tax purposes.
To have a completely confidential quote tailor made to your client’s needs, please
contact our Account Executive for your province or print an application below.