Kidnap and Ransom insurance cover

With many of Castlemead's clients expanding their operations into new territories, we have been increasingly talking about the need for kidnap and ransom insurance.

The policies indemnify the insured for: -
• ransom monies paid from kidnapping or extortion
• Loss of ransom monies whilst in transit/delivery
• Expenses involved including travel and accommodation costs
• Medical services and hospitalisation
• Business Interruption losses
• Consultants costs

Helpline numbers and access to International Crisis Response teams are provided as part of the arrangements.The quotation process also involves a review of the travel plans and security arrangements, highlighting and addressing areas of weakness.

We have recently placed cover for companies travelling to countries including Somaliland and Puntland so, if you need someone experienced to look into this area of business insurance for you, get in touch with us....