What is ‘Kidnap Insurance’
A type of insurance designed to protect individuals from the risk of kidnapping. Kidnap insurance often covers other events related to kidnapping, including extortion. In the case of a kidnapping, the policy holder is compensated for money paid as ransom, medical expenses, counseling or for accidental death of the kidnap victim.
Explaining ‘Kidnap Insurance’
Kidnap insurance is more likely to be used for individuals or companies operating in high-risk areas. These areas tend to have higher rates of crime and a history of kidnapping workers employed by multinational firms. Some of the common high-risk areas include Nigeria, Haiti and Venezuela.
Kidnap Insurance FAQ
How does kidnap and ransom insurance work?
Which country has the most kidnapping?
What does Kidnapping for ransom mean?
Where did the term kidnap come from?
Why do kidnappers kidnap?
- Biopolitics of specialized risk: an analysis of kidnap and ransom insurance – journals.sagepub.com [PDF]
- Who wants to be a millionaire? Nigerian youths and the commodification of kidnapping – www.tandfonline.com [PDF]
- Regional shortcomings and global solutions: Kidnap, ransom and insurance in Latin America – heinonline.org [PDF]
- Capitalizing on value: Towards a sociological understanding of kidnapping – journals.sagepub.com [PDF]
- Fluctuations between crime and terror: The case of Abu Sayyaf's kidnapping activities – www.tandfonline.com [PDF]
- Governing kidnap for ransom: Lloyd's as a “private regime” – onlinelibrary.wiley.com [PDF]
- Use of kidnapping and extortion as a tool for financing terrorism: the case of the PKK – www.tandfonline.com [PDF]
- The Paradox of Insurance – papers.ssrn.com [PDF]