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International Group Health | Employer Health Insurance

Kidnap and Ransom Coverage for Organizations and Groups

An International Kidnap and Ransom plan for groups and employers

Why we like it:

WE HIGHLY RECOMMEND this K&R insurance policy for Kidnaps and ransom, Extortion attempts, Child abductions and Security-related issues. Also for Express kidnaps, Hostage challenges and even Disappearances. The best part of this coverage is that it includes the unlimited benefit of having a team of experienced consultants to evaluate the situation and work through the negotiations. Also, these policies reimburse up to the policy limit for a ransom that might have to be paid out. Additionally, it includes benefits for repatriation, loss of wages and rehabilitation of the victim.

K&R insurance policies are not “advertised” so please contact us at group@gninsurance.com if you would like a quote or more information. We can insure all of those assigned overseas or just select individuals based on location or your own criteria.

Good for:

  • Kidnap and ransom, extortion, child abduction, disappearance, and more
  • Can insure everyone assigned overseas or just key members
  • includes repatriation, loss of wages, and rehabilitation of the victim
  • Annual policies
Get a Quote Application Question?
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More about International K&R insurance for Groups

About this Kidnap and Ransom plan

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To get a Kidnap and Ransom Coverage Group quote:

Please fill out the K&R insurance application form.

Your Good Neighbor Insurance team will

  • Go to work for you, getting up to 3 possible group K&R quotes
  • Email you the K&R quote(s)
  • Provide you with additional ideas and suggestions to find the best policy for your organization

Who K&R Insurance/K&R Group Insurance is designed for:

Organizations needing an insurance benefit that manages a variety of security risks throughout the world

Organizations working in at-risk nations, needing extra resources that can mitigate risk to their employees and volunteers throughout the world

Provide negotiation resources and experienced consultation for your members

Covers a variety of requests from

  • business organizations – of all sizes for employees and volunteers traveling globally as well as offices overseas.
  • houses of worship protection solution
  • academic special protection options
  • And other specific solutions

 

The Good:

  • 24 hour response team throughout the world to help manage security risk
  • Tailored coverage and tailored locations depending on your needs
  • May insure all in the organization or key members or those going to specific countries

 

Considerations:

  • K&R insurance plans can be expensive
  • Premiums are primarily determined by coverage location and length of coverage
  • These are annual group Kidnap and Ransom policies

GNI Highlights

We can provide up to three possible group quotes

Covered exposures to include, but not limited to:

  • Kidnaps and ransom
  • Extortion
  • Child abductions
  • Security related
  • Express kidnaps
  • Hostage challenges
  • Disappearances of insured persons

Why Kidnap and Ransom for groups?

The world is becoming more dangerous.

The world is becoming more dangerous. The number of kidnappings around the world is increasing. The two main types are for political reasons or for money. The best part of this coverage is that it includes the unlimited benefit of having a team of experienced consultants to evaluate the situation and work through the negotiations. Also, these policies reimburse up to the policy limit for a ransom that might have to be paid out. Additionally, it includes benefits for repatriation, loss of wages and rehabilitation of the victim.

Consequences of no insurance

Imagine the overwhelming feeling of freedom and sheer joy that would be felt upon the release of a Kidnap victim. Now imagine the terror upon the realization that you are without insurance. Your company or your family had to pay the large ransom and purchase specialized phone equipment. You had to hire security protection, hire a negotiator and pay many more expenses. All of which were only made possible by liquidating ALL assets. In addition to this overwhelming amount of debt, in order to rejoin society the Kidnap victim may need extensive psychiatric counseling and rehabilitation.

Some Security Risk Statics and definitions to keep in mind

Statistics from 2013-14

View more

Operational experience of one of our international carriers covered 46,135 total cases for all incidents (this represents more than 126 years of accumulated experience) in 127 countries since January 1, 2014.

Definitions:

  • Kidnap for ransom = The abduction of a person or persons with the intent of their detention in an unknown locations until a demand is met
  • Hostage extortion = The abduction of a person or persons with the intent of their detention a known location until a demand is met
  • Threat extortion = A written or verbal contact is made, by any means of communication, threatening to harm or cause damage to a company, person, or persons, unless a demand is met
  • Product extortion = an extortion incident in which a threat is made to do commercial damage to a company through the contamination of its products against a demand for cash or other concessions.  This can also involve an initial contamination prior to receipt of a threat

Top ten countries where kidnaps occurred in 2013

  • Mexico
  • India
  • Nigeria
  • Pakistan
  • Venezuela
  • Iraq
  • Lebanon
  • Philippines
  • Syria and Afghanistan are tied at number 10.

Victim types of kidnaps worldwide in 2013

  • 37 percent – others and not known (these include aid workers, ranchers, religious staff, project workers, sports and media personalities to name a few)
  • 20 percent – dependents
  • 19 percent – employees
  • 10 percent – business people
  • 9 percent – security force personnel
  • 5 percent professionals

Victim ages of Kidnaps worldwide – 2013

  • 43 percent were from 0-16 age group
  • 17 percent were 50 and older age group
  • 16 percent were from 20-30 age group
  • 9 percent were from 30-40 age group
  • 8 percent were from 16-20 age group
  • 7 percent were from 40-50 age group

Duration in days of foreign nationals kidnaped – 2013

  • 67 percent were less than 7 days
  • 17 percent were more than 28 days
  • 10 percent were from 7-14 days
  • 6 percent were from 15-28 days

Median settlement (in U.S. dollars) for kidnaps worldwide – 2013

  • First amount is median settlement/second amount is highest settlement – all in U.S. dollars
  • Mexico for 12,500 / 170,000
  • India for 9,500 / 1.4 million
  • Nigeria for 19,000 / 620,000
  • Pakistan for 6,000 / 670,000
  • Venezuela for 11,000 / 320,000
  • Philippines for 9,500 / 11,500
  • Lebanon for 62,500 / 250,000
  • Colombia for 77,000 / 77,000

Here at Good Neighbor Insurance it is very important for us to connect with you.

As an international service provider, we want to be sure that you are taken care of while you, your family, and your friends are traveling or residing around the world. It is our honor to serve you!

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