Abstract
More companies are turning to kidnapping and ransom insurance (K&R) to protect their employees. Until recently, companies purchased K&R only for top-level international executives. However, kidnappings continue to rise worldwide, and as a result organizations are routinely providing K&R coverage to more employees. The industry has seen 15% to 20% growth each year for the past seven to eight years. The list of parallel industries spawned by kidnapping crises also continues to grow. This article reviews the current trends in K&R and reviews companies providing this insurance. The article also outlines types of coverage, prevention strategies and issues to consider when choosing a provider.
Get full access to this article
View all access options for this article.