makes the security of employees and assets a major concern ,” says Samantha Holland , Partner at multinational law firm , Gowling WLG . “ In terms of insurance , that risk can be mitigated to a degree through things like kidnap and ransom policies , which are now relatively well established but increasingly more comprehensive in scope than in the past .”
According to Holland , a typical policy will cover “ kidnap , extortion
( including cyber or products extortion ), hijack , wrongful detention , threat , disappearance , a hostage crisis and child abduction indemnifying the policyholder in particular for any ransom as well as the costs of transporting the ransom and securing the ransom drop team . It is also possible to recover associated financial losses including personal accident , salary cost , medical and legal fees , PR
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