Toronto, ON (Sept. 13, 2013) – With the rapid pace of globalization, companies increasingly do business in different parts of the world, exposing their employees and their families to kidnapping and other similar risks. Recent trends indicate that many kidnappings involve not just executives, but employees or their dependants. To help protect your most valuable assets, your people, Creechurch has partnered with leading Kidnap & Ransom insurer Hiscox to offer kidnap, ransom and extortion (K&R) coverage. Through Hiscox, Creechurch clients have access to Control Risks, a leading security-management and loss-control company, to provide response services anywhere in the world.
- Expenses incurred in responding to kidnaps, extortions, hijacks;
- Legal liability resulting from such events;
- Death or dismemberment benefits;
- Access to Control Risks, an independent, specialist risk consultancy.
“In these uncertain times, with growing threats against Canadians traveling abroad and interests in many parts of the world, Creechurch’s Kidnap, Ransom and Extortion coverage provides companies peace of mind as they send employees off to dangerous and far flung regions,” said Phil Baker, Executive Vice President of Underwriting at Creechurch.
“Not only does our coverage protect businesses against kidnapping, it also offers protection against extortion threats towards a business’s IT network or its products.”
Talk to your Broker
As with all Creechurch products, the K&R Corporate Protection insurance policy is available only through licenced Canadian insurance brokers. Talk to your broker about getting a quote from Creechurch today. Creechurch can offer limits up to $25 million. Visit www.creechurch.com for information on the company’s products and to download insurance applications.
Creechurch International Underwriters is one of the leading underwriting management companies in Canada, offering specialized insurance to a wide spectrum of business sectors. Part of a large global insurance and reinsurance organization with 60 offices on four continents Creechurch underwrites exclusively on behalf of large A rated multinational insurers. Creechurch products include MediaTech Liability, Cyber & Privacy Insurance, Management Liability, Life Sciences Liability, Professional Liability, Employment Practices Liability, CGL and Umbrella Liability, Fidelity and Property Insurance.
Hiscox, headquartered in Bermuda, is an international specialist insurance group listed on the London Stock Exchange (LSE:HSX). There are three main underwriting parts of the Group – Hiscox London Market, Hiscox UK and Europe and Hiscox International. Hiscox London Market underwrites mainly internationally traded business in the London Market – generally large or complex business which needs to be shared with other insurers or needs the international licences of Lloyd’s. Hiscox UK and Hiscox Europe offer a range of specialist insurance for professionals and business customers, as well as high net worth individuals. Hiscox International includes operations in Bermuda, Guernsey and USA. For further information, visit www.hiscox.com.
Source: Creechurch International Underwriters Ltd.Tags: Creechurch, Hiscox, Kidnap Ransom and Extortion (K&R)