Special Schemes

SPECIAL GROUP SCHEME INSURANCE

The company specialises in placing special group scheme insurances. These include Accident and Illness insurance schemes for employees of major consortiums inclusive of Medical Insurance benefits and Funeral Expenses.

KIDNAP, RANSOM & EXTORTION INSURANCE

Cover can be arranged for Kidnap, Ransom and Extortion risks separately or as a combined policy with Lloyd’s underwriters or through prime Insurance Companies.
This specialist area of insurance protection is becoming more relevant and necessary for individuals and their families, as well as companies and their employees.

Insurance protection includes:

KIDNAPPING, BODILY INJURY, EXTORTION: Any threat to kill, physically injure or kidnap an Insured for ransom monies.

PROPERTY/PRODUCT DAMAGE, EXTORTION: An actual incident of or any threat to damage buildings, premises or contaminate products manufactured or distributed by Insured.

IN TRANSIT LOSS OF RANSOM MONIES: Protection against loss of ransom monies due to the destruction, disappearance or wrongful appropriation of ransom monies while being delivered.

EXPENSE COSTS INCURRED BY THE INSURED: These include fees for independent negotiators and consultants, reward, interest for a loan, legal fees, and damages and salary compensation.

Additional coverage available:

RECALL EXPENSE: Reimbursement for reasonable expenses stemming from an extortion threat that calls for the inspection recall and destruction of contaminated goods.

BUSINESS INTERRUPTION: Indemnifies Insured for loss of earnings resulting from necessary interruption of business caused directly by a kidnapping or extortion incident.

EXTORTION CONSEQUENTIAL LOSS: Covers the costs of replacement and repair for damaged destroyed or recalled goods.

DEATH OR DISMEMBERMENT: If an insured person sustains bodily injury during a kidnap, dismemberment benefit is available, also violent or accidental death cover.

WRONGFUL DETENTION: Insured will be reimbursed for salary losses and costs resulting from an act of involuntary confinement by a host Government or other organisation.

EMERGENCY REPATRIATION (POLITICAL & MEDICAL)

MEDICAL EXPENSES

CONTINGENT TAX LIABILITY: For early repatriation to your country of residence.

RESIDUAL CONTRACTUAL EXPENSES

Protection can be tailored to suit any individual requirement. Risk Management & Security guidelines and contingency planning is given with the insurance policy.

In addition to the policy coverage, the programme provides immediate and priority response consolation to assist and advise the Insured, or their nominated beneficiaries in the event of kidnap, ransom or extortion. We have a special trained team of experts, who will also come to the required location as necessary, providing this service. Insurers play no role in managing an incident apart from paying the claims via their expert consultants.