Kidnap And Ransom Insurance (K&R)

Kidnap and ransom insurance protects against a variety of security risks such as threats and extortion against people, property or information.

K&R insurance is designed to protect individuals and corporations operating in countries around the world which are considered high-risk locations. Learn more below or get in touch for a free quote.

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WHY GET KIDNAP AND RANSOM INSURANCE?

Today’s ever expanding global economy can sometimes take you to workplaces which are recovering from war or are politically sensitive. Even safe havens are not always immune to the risk of kidnap and ransom.

By insuring against the risk of kidnapping, especially if you or your family are a high target due to your work or status, you can at least have some peace of mind knowing that you are covered for all associated costs incurred both during and after any kidnap or ransom event.

The financial impact of a crisis can be severe on any individual or family. As a result you should consider speaking with IAE Insure to understand why kidnap and ransom insurance might be suitable for you.

Is Kidnap and Ransom insurance for you?

Kidnap and Ransom insurance is designed to help protect ultra-high or mid net worth individuals and their families across the globe. Wealthy individuals can make attractive extortion and kidnap targets.

Data shows that kidnappers are becoming more organised and more sophisticated year on year due to the substantial funds available when picking the right target. Unfortunately very few kidnap victims are rescued or released without a ransom being paid out. Therefore it’s very important to have protection in place.

COMMON K&R INSURANCE INDUSTRIES

This type of insurance appears to be prevalent in people operating within specific industry sectors including the following:

Aviation
Energy, mining, oil and gas
Construction and engineering
Maritime
Multinationals
Pharmaceuticals

COMMON K&R INSURANCE LOCATIONS

Kidnappings can occur in any region of the world but some current ‘hot spots’ are more in the news than others and include:

War-zones
(Iraq, Afghanistan, Pakistan, Yemen)
Sub-Saharan Africa
South America
Areas which are currently suffering
from political or social unrest

GET FREE ADVICE FROM AN EXPERT ADVISER

To learn more about Kidnap & Ransom cover and other insurance options from IAE Insure, we welcome you to request a free call back to speak with one of our policy experts.

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