Kidnap, Detention, Extortion and Hijacking Protection

     
 
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Underwriter Contact:
Sophie Strezos-Egnatis
Vice President, Business Development
(416) 408-5465
egnatiss @ simmlands.com

Forms and Attachments:
Product Flyer 
Corporate Kidnap Application 
Individual / Family Application 

With the expansion of the global marketplace, the risks associated with international business travel and foreign operations have made the possibility of kidnap or extortion for ransom a very real threat faced by individuals, businesses and organizations around the world. Consequently, adequate protection against these events in the form of insurance through Lloyd’s, the world’s foremost special risk insurer and access to specialist crisis management support should be an integral part of every company’s crisis management plan.

Crisis Management – ASI Global LLC
The most important benefit of our coverage is the immediate priority access to ASI Global, a specialist crisis management company providing advice and support throughout the incident.  In the event of an incident, ASI Global will act independently of the Insurer, with their sole priority being the hostage’s safe release.

ASI Essentials
Included in coverage is a free subscription to ASI Essentials, an online service that provides information and security advice on over 300 top travel destinations around the world.  This service is designed to help your clients mitigate the risk of global kidnap and extortion related to international travel.

Travel briefing Information includes:
Destination Threat Rating, Country Overview, City Overview, Assessment of Local Police, Airport Information, Hotel Information, Fire Safet, Communications, Cultural Tips, Serving Airlines, Health Issues, Emergency Contact InformationIn addition to priority access to ASI Global LLC, our product provides a complete insurance solution:

 Insured Events:

  • Kidnap
  • Detention
  • Extortion including threats to kill, injure or abduct a covered person, cause physical damage to or loss of property, disclose, disseminate or utilize proprietary information, introduce a computer virus, or contaminate, pollute or render your products substandard.
  • Hijacking while travelling on any aircraft, motor vehicle or waterborne vessel

Insured Losses:

  • Ransom payments or loss of ransom in transit;
  • Fees and expenses for response consultants, independent negotiators, rewards for information, public relations consultants, independent forensic analysts, security guards at incident site, travel and accommodation, interest on loans, communication, legal advice, interpreters;
  • Salaries of: the kidnapped or detained person, the replacement of the victim, other employees specifically designated to assist in negotiating, a family member who leaves their employment to assist in the negotiation;
  • Post-incident benefits, including personal accident loss schedule, psychiatric, medical and dental care, cosmetic or plastic surgery, rest and rehabilitation, job re-training for victims, repatriation, burial or cremation;
  • Legal liability coverage

Optional Coverage Extensions:

  • Product Recall and Destruction
  • Computer Virus Loss of Earnings
  • Emergency Political Repatriation and Relocation
  • Threat Response
  • Loss of Earnings
  • Child Abduction
  • Hostage Crisis
  • Express Kidnapping
  • Disappearance Investigation and Expense

Policy Forms:
Kidnap, Detention, Extortion and Hijacking coverage is available both in Corporate or Individual/Family policy forms and can be purchased as a stand-alone policy or as an option under the Management Shield  program.

Insurer:
Certain underwriters at Lloyd’s.