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Special Risks

Special Risks Insurance can play a critical role in an organization’s security risk management. This specialist class of insurance is now used by companies and organizations as a security ‘toolbox’ ensuring 24/7 access to professional crisis response.

 

We take a specialized approach to both land-based and maritime risks. The offering is much more than just insurance; it also includes access to in-house security risk and crisis management services, Alert:24. We work with the world’s leading Special Risks underwriters and crisis response firms to create innovative, comprehensive, and cost-effective solutions that protect an organization’s most important asset – their people.

  • Insured Perils

    These policies cover far more than kidnap incidents alone. In fact, many organizations refer to them as ‘special risk’ policies due to the extensive breadth of security and people risk perils they cover. We include as standard the following perils:

    • Kidnap for Ransom

    • Bodily Injury / Property Damage Extortion

    • Product Extortion

    • Political / Unlawful / Arbitrary Detention

    • Hijack

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  • Policy Details

    Coverage is on a reimbursement basis and includes any of the following costs incurred as a consequence of an insured event.

    • Ransom Payments and Loss of Ransom in Transit

    • Fees and Expenses of Crisis Response Consultants

    • Legal Liability

    • Personal Accident for Death or Serious Injury

    Additional expenses covered include but are not limited to:

    • Salary Support

    • Rest and Rehabilitation Expenses

    • Cosmetic and Plastic Surgery Costs

    • Job Retraining Costs

    • Legal Advice

    • Fees of an Interpreter / Translator

    • Psychiatric and Medical Care

    • PR Expenses

    • Costs of Temporary Security Measures

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  • Policy Extensions

    The Special Risks Product is Modular and can be Expanded to incorporate the following:

    • Loss of Earnings

    • Threat Response

    • Emergency Political Repatriation and Relocation

    • Product Extortion Recall and Destruction Costs

    • Disappearance Investigation

    • Express Kidnap

    • Hostage Crisis

    • Assault

    • Stalking

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  • Key Benefits

    • Coverage is provided 24 hours a day, 365 days a year on a worldwide basis, with no territorial exclusions

    • Limits are provided Per Insured Event

    • Unlimited Access to Specialist Crisis Response Consultants throughout an Insured     

    • Event

    • No Deductible

    • Covers Demands against both the Organization’s Assets and the Employees’

    • Personal Assets

    • Policies can cover all Staff or named persons / positions.

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Have more questions? Contact us

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