Kidnap Insurance — And The People Who Rescue The Victims

 Friday, April 14, 2017

 Insurance Business Magazine

Kidnapping and extortion cases are happening every day — and while you might not hear about them due to their confidential nature, it pays for companies to have insurance to pay ransoms and negotiate getting their employees home. Sarah Katz, assistant vice president of kidnap, ransom and extortion at Victor O. Schinnerer & Co, said companies are increasingly taking out the policies. “More organisations are seeing the value of protecting their employees when they travel abroad or they have operations abroad or where they have exposure to those types of risk domestically,” she explained.
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