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kidnapping

What HR professionals need to know about ‘kidnap and ransom’ insurance

Organizations that send employees to destinations with a high risk of kidnapping should seriously contemplate kidnap and ransom (K&R) insurance. K&R insurance protects individuals and corporations, typically covering kidnapping, extortion, wrongful detention and hijacking. K&R policies may also indemnify personal accident losses caused by kidnapping, and will generally cover the fees and expenses of crisis management consultants.

 

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Organizations not prepared for worst case scenario risk being sued

A recent Reuters article entitled “Darfur kidnapping victim sues aids group that sent her” addresses an American lawsuit that has sparked a worldwide interest in the kidnapping industry. 2008 alone, Canada had five hostages taken in five months. A Canadian Government study assesses that terrorist groups will continue to attempt to kidnap Westerners, including Canadians, and that the greatest threat is to tourists, aid workers, journalists, business people and diplomats.

 

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