It used to be that kidnapping, ransom and extortion were the stuff of movies. Sadly that’s no longer true. Mining operations in Central and South America, as well as companies with activities in Africa, Asia or the Middle East for example, are all vulnerable to kidnapping or extortion by criminals. Mexico, Nigeria, Venezuela and Pakistan are particular ‘hot spots’. As globalization continues and corporations move into some lawless parts of the world, more and more executives and their families can be the victims of criminal activity, kidnapping or terrorism – in fact 61% of all kidnaps globally are of employees and their dependants.
Without wishing to scaremonger, it really can happen to anyone – from middle-ranking executives to board members. However, the good news is that you can help protect your personnel and your company with Kidnap, Ransom and Extortion Insurance from Axis Insurance Managers Inc. Having a kidnap and ransom insurance policy not only gives you peace of mind, but also makes strong commercial sense.
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