In a world where the risks of kidnap and ransom are unfortunately a reality, it is essential for organizations to take measures to protect their employees and their business. One of these crucial precautions is to subscribe to kidnapping and ransom insurance, otherwise known as Kidnap and Ransom insurance, a solution that offers both financial protection and support during an event.
What is kidnap and Ransom insurance ?
Kidnap insurance is designed to help organizations deal with the financial and operational consequences of a kidnap for ransom demand, hostage-taking, or extortion involving their employees or activities abroad. In a crisis, this insurance provides specialized services to help manage the crisis in the interests of those involved and ensure their safety.
The benefits of kidnapping and ransom insurance :
- Financial support: In the event of an incident, the insurance reimburses expenses incurred by the organization, in particular ransom, fees for specialized consultants, and various expenses (translator, wages, transportation, communication, etc.).
- Negotiation services: Insurance companies specializing in this field typically provide teams of experienced negotiators to handle talks with kidnappers and ensuring victim’s safety.
- Crisis assistance: In addition to financial support, this insurance often offers 24-hour24/7 /round the clock assistance to help companies manage the crisis comprehensively and make informed decisions in extremely stressful situations.
- Prevention services: This insurance may also include consultancy services to help companies strengthen their security and prevent future kidnapping risks, including providing advice on employee training and managing high-risk travel.
Who should subscribe to this insurance ?
Any company or organization operating in high-risk regions or regularly sending employees to areas where kidnapping risks are high, should seriously consider subscribing to this insurance. This includes multinational corporations, humanitarian organizations, media companies, engineering, and construction firms, as well as any organization whose employees may be exposed to kidnapping threats.
Conclusion :
Given the realities of today’s world, where kidnapping and ransom demands are unfortunately a real threat to businesses and NGOs, it is imperative to take steps to protect employees and preserve business continuity. Kidnap and Ransom insurance offer an additional layer of security and support in times of crisis, enabling organizations to face difficult situations with confidence and resilience.
We at AMBRELIA, we understand the importance of security and protection for your employees and organization’s activities. Contact us ASAP to find out more about our Kidnap and Ransom insurance solutions and discover how we can help you preserve the safety of your teams and operations in an uncertain world.
For more informations : contact@ambrelia.com
