Kidnap and Ransom Insurance for International Schools (K&R)
As you plan your international schools insurance plan, it is important to become familiar with the unique risks associated with operating a educational institution abroad. One of those risks, which is easily overlooked, is the chance that you or a staff member could be kidnapped during your stay. It is estimated that over the past 6 years, kidnappings around the world have increased by 100%.
Ransom Demands
Ransom demands can be overwhelming, with more than 14 countries recording cases of $25,000,000 or more in recent years. While kidnappers usually settle for between 10 and 20 percent of the demand, in certain territories they refuse to negotiate and use excessive violence to achieve their aims.
Outcomes
Most kidnappings are carried out in order to obtain a ransom, and in most cases, a ransom is paid. Rescues are rare, largely because the authorities in most countries recognize that the safety of the victim is paramount. Kidnappings can occur anywhere.
Our Policy
Clements International understands the unique challenges faced by international schools. Our Kidnap and Ransom coverage offers confidential protection should the need arise. This insurance coverage will provide assistance to the family and business including independent investigations, negotiations, arrangement and delivery of funds, and numerous other services vital to a safe, speedy and satisfactory resolution. This policy can be extended to cover students, parents and volunteers while they are involved in school-sponsored activities.
Our typical policy covers:
- Ransom paid following a kidnap or threat to kill, injure or abduct
- Hijack
- Detention
- Death or dismemberment
- Legal liability
- Crisis management team expenses
Since the risk in different countries varies, contact Clements International to review your destination and the unique risks involved.
Printable listing of coverage designed for international schools. |
Liability Coverage for an international school (pdf) |
