Corporate Kidnap and Ransom

Overview:  Protection against kidnapping for ransom, wrongful detention and in extortion scenarios.


Who is it for?: Any company with employees either travelling to, or based in, overseas countries particularly Latin America, Asia, Eastern Europe and Africa. Cash rich or high profile companies operating in UK or overseas. Manufacturers or retailers of consumer goods.

KIDNAP

As many as 15,000 kidnaps* are reported each year in over 40 countries, mainly in Latin America, Russia and Asia, with annual ransom payments estimated at over half a billion dollars.

Businesses in any market, including the UK, may face demands for protection money from organised crime to prevent incidents such as property damage or disruption to their computer systems.

EXTORTION

Whilst the most vulnerable companies are those that have employees based or travelling overseas, have high profiles, handle large amounts of cash or work with sensitive information or technologies, any business can be attacked. All organisations should assess the risk of such an attack and implement plans to minimise the risk. These should combine effective security measures with insurance to protect against disruption and financial loss.

AIG UK’s Corporate Kidnap and Ransom/ Extortion Insurance not only protects against financial loss but also provides the services of Clayton Consultants, risk mangement experts, to manage incidents on the policyholder's behalf.

* Clayton Consultants estimates only (Statistics are very patchy as so many kidnappings go unreported).