We apparently cross four time zones and about 14 war zones and, on top of the usual travel costs, a fellow Well fan on the club messageboard has advised taking out kidnap insurance
Meanwhile, Richard Scurrell, divisional director of Special Contingency Risks, which specializes in kidnap insurance
, said that countries that did not previously have an endemic kidnap problem are developing one.
As a kidnap insurance
practice leader with 12 years of experience as a kidnap negotiator with Control Risks Group, and having been involved in hundreds of kidnap negotiations as either a case manager, underwriter or primary negotiator, I have no personal knowledge of an insurgent group, as you say, "now aware of the prevalence of K&R insurance.
is growing in demand, especially among firms who send employees to places like Russia, Central and South America, Africa and the Middle East.
For kidnap insurance
claims to be valid, the policy holders must retain a bodyguard.
Aside from ransom, which can ultimately be any figure, here are some costs that can be covered by kidnap insurance
He said: "The kidnap insurance
covers the cost of negotiating with terrorists and the ransom if it's to be paid but the rest is confidential."
Because of these limitations, risk managers may wish to look into the use of kidnap insurance.
Modern kidnap insurance began shortly after Charles and Anne Morrow Lindbergh's baby was kidnapped by Bruno Hauptmann in 1932.
Due to their expertise in dealing with kidnapping cases, these consultant organizations are the most essential component of the kidnap insurance policy.