COVER

COMMENT

Crisis consultants fees and expenses

Ideally no time limit, financial limit or deductible for consultants’ fees. The priority is the safe return of the victim and the specialist tactical advice and guidance of the consultants is essential to achieve this.

Ransom money

Ransom may be cash, securities or property. Cover is also usually provided in case the ransom is lost, destroyed or confiscated while it is being delivered.

Forensic analysis, extra security, reward money for information

Expert services and financial resources to minimise or remove the threat of extortion.

PR and communication

Public Relations fees and expenses to ensure professional and consistent communication with the pres during the crisis.

Up to 5 years salary costs

Victim’s salary while in capacity and of relatives who leave their jobs to assist with negotiations. Includes pension contributions, average bonuses etc.

Medical and rehabilitation costs

Medical costs, not only for the victim but anyone involved in the handling or negotiation of the crisis. Includes psychological and neurological treatment, counselling or cosmetic surgery.

Financial loss caused by inability to attend to finances

Such as failing to renew insurance contracts, exercise share options or meet mortgage and loan payments while in captivity.

Business interruption

Consequential loss of profit suffered by the business as a direct result of the kidnapping or extortion event (e.g. trading activities affected in a particular jurisdiction.)

Job retraining

The traumatic experience of being a victim may necessitate an adaptation to, or complete change of job after release. Cover may include retraining costs for victims (e.g. external training courses) to facilitate this.

Subsequent legal action

Protection for the company in case any action is brought against the company or an insured person because of the kidnapping, extortion or wrongful detention.