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International Medicall Insurance
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International Medical Coverage.com
Special Risk Insurance Brokers
1.800.877.2445 / 610.461.6690 / Fax 610.586.5467
info@internationalmedicalcoverage.com
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“For even the son of man did not come to be served, but to serve, and to give His life a ransom for many.”
Mark 10:45
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At International Medical Coverage.com we offer Corporate as well as
the best Individual / Family KR&E Coverage Available.
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Reward in business comes from taking risks but the most successful businesses are those that analyse their risks carefully and take steps to protect against them. It would be relatively straight forward if companies were exposed only to day to day commercial and competitive threats, however many business hazards today are far more difficult to protect and quantify.
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Kidnap Extortion and Detention are real dangers for companies operating both overseas and in domestic markets. They are often overlooked by management on the grounds that "it won't ever happen to us", but the damage this can inflict on a business can be very severe - as the annual roll call of corporate and individual victims around the world testifies.
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COVERAGE
- Kidnap/Alleged Kidnap
- Bodily Injury Extortion
- Property Extortion
- Product Contamination Extortion
- Trade Secret/EDP Extortion
COVERED LOSSES
- Ransom Extortion Monies
- In-Transit /Delivery
- Expenses
- Judgements, Settlements, Legal Cost
- Death And Dismemberment
EXPENSES
- Consultants
- Salary Expenses
- Personal Financial Loss
- Medical Costs
- Rest & Rehabilitation
- Travel & Accommodations
- Loan Interest
- Reward
- Interpreter
- Forensic Analysis
- Other Reasonable & Necessary Expenses
CAPACITY
DEDUCTIBLE
TERRITORY
PREMIUM RATING
- Revenue of the Insured
- Location of Covered Person(s)
- Profile and Prior Incidents
ENDORSEMENTS
- Evacuation
- Business Interruption
- Products Recall
- Value of Products
- AD&D/Terrorism
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Kidnap Outcomes
Most kidnaps are carried out in order to obtain a ransom, and in most cases a ransom is paid. Rescues are rare, largely because the authorities in most countries recognise that the safety of the victim is paramount. While the average occurrence of deaths following a kidnap is 9%, in cases involving Control Risks less than 2% of people are killed - almost always at the time of abduction rather than during the negotiation.
Kidnap Demands
Demands can be huge, with more than 14 countries recording cases of $25m or more in recent years. Kidnappers usually settle at between 10 and 20 per cent of the demand, except in the old Soviet Union where the Mafia is extremely reluctant to negotiate and uses excessive violence to achieve its aims.
Kidnap Payments
While most ransom payments are kept confidential, we are aware of some substantial sums that have been paid. Latin America features heavily in the list, but many of the largest settlements have been made in Europe. Recent years have seen a noticeable increase in average ransom payments.
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Request Information
International Medical Coverage Home Page
International Medical Coverage.com
P. O. Box 1187
Sharon Hill, PA 19079
800-877-2445 Toll-Free
610-461-6690 Tel
610-586-5467 Fax
info@internationalmedicalcoverage.com Email
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