Kidnap & Ransom
“With the trend to corporate globalization, free trade, and the rush to secure new business opportunities in less developed countries, Companies are becoming increasingly exposed to kidnap and extortion risks, insurers and security specialists warn.
Businesses often overlook these risks to their personnel, and individuals tend to avoid considering such unpalatable threats. “It won’t happen to me” is a dangerous viewpoint.
Cover is tailored precisely to the needs of the individual or company, as well as extensive guidance on prevention and response. This service is provided in partnership with leading international security consultants in this field. This ensures the best possible advice for clients and crucially, the highest caliber of help available when it matters most.
We use Lloyds & domestic international markets to place this coverage.
South Western Group can provide either Corporate or family Kidnap & Ransom which includes extortion.
Political Risk Insurance includes coverage for confiscation of assets by foreign government (including forced abandonment and forced divestment). Also, coverage is available for contract frustration protection (the disruption of a contract by a government through non-payment, exchange controls or embargo, or the unfair calling of bonds).