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

For the business community, kidnap, ransom and extortion are very real and growing threats - and not just for companies involved in traditionally high-risk areas. As many as 15,000 kidnaps* are reported each year in over 40 countries, mainly in Latin America, Russia and Asia, with the average ransom payment doubling in the last four years and annual ransom payments estimated at over half a billion dollars.

The threat of extortion is growing. Businesses in any market, including the UK, increasingly 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, a Triple Canopy company, 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).